Project saw cash and securities tokens swapped for settlement using DLT, and tokenised cash used as collateral for margin requirements.
Custodians may be forced to adapt their business and operating models sooner than expected, as DLT-solutions and digital asset infrastructures take shape.
Sibos 2019 in London saw several key announcements from securities services providers over the deployment of APIs, AI and DLT.
Attitudes towards the disruptive nature of DLT as a solution to everything post-trade have significantly changed since Sibos 2017.
Deutsche Bank has successfully piloted a solution using DLT to enable further automation of custodial services.
The Japanese bank has become a shareholder of Fnality International, joining the likes of MUFG, State Street and BNY Mellon.
Samir Pandiri, who recently joined Broadridge as president, will represent the company on the board.
ASX, Digital Asset and VMware are looking to extend the use of blockchain technology in financial services in Australia and New Zealand.
The new DLT Solutions team has been created to look at other ways the ASX can use the technology in the equities and non-equities space.