The remarks by the two custody giant CEOs follow the announcement of several initiatives by the two banks in the digital assets space this year.
Fnality’s USC initiative is aiming to revolutionise current post-trade processes by facilitating payment and settlement for institutional markets using blockchain technology.
Fnality will collaborate with other industry leaders to create a set of Ethereum-based enterprise technology best practices and open standards.
The Japanese bank has become a shareholder of Fnality International, joining the likes of MUFG, State Street and BNY Mellon.
State Street, BNY Mellon and MUFG among those backing the tokenisation project aimed at transforming clearing and settlement.