Many of the established custodians are remaining on the sidelines to see what exchanges and other market infrastructures will offer for tokenised securities.
The interface will help BNP Paribas's custody clients to manage their migration to DLT without having to adapt their global operating platform.
Deploying ‘futuristic technology’ to clearing and settlement will achieve a ‘medieval result’, new report claims
Report says DLT cannot replace clearing and settlement entirely, without imposing the very costs it was designed to reduce.
New CSD promising real-time settlement is planning to begin operations from the summer of this year.
A trial project using blockchain to transfer and settle securities and cash proved costly and less speedy than the traditional way, the Bundesbank president said.
One of the founders of State Street's digital transformation programme has left after nearly three years at the bank.
Calastone has been engaging with a community of early adopters who have had access to the technology, including custodians and fund managers.
The hire is the latest big name addition for BNY Mellon as it continues to build out its digital leadership.
Management of newly-formed SETL business have acquired the operating assets, staff and intellectual property rights of previous incarnation.