DTCC launches tokenisation service for DTC-custodied securities
The service has signed up 20 DTC participants, including Citi, JP Morgan and State Street, and will initially connect to the Canton Network and DTCC’s private Besu network.
Tag: JP Morgan
Northern Trust taps Barclays for EMEA head of insurance
New hire joins from Barclays Bank, where he was global head of insurance and funds, following previous senior leadership roles at JP Morgan.
JP Morgan launches pledge solution for Taiwan-listed securities
The bank becomes the first global tri-party provider to unlock Taiwan-listed securities as pledged collateral for offshore financing and derivatives activity.
Market Infrastructure
A continent in transition: Optimism and opportunity headline takeaways from TNF Africa
Measured optimism is replacing long-held caution across Africa’s capital markets, but as infrastructure improves and digital adoption surges, questions remain over access, governance and the pace of reform.
JP Morgan posts record quarterly securities services revenue total of $1.26 billion
The firm’s assets under custody registered slight growth to top $34 trillion.
JP Morgan appoints new head of securities services in Korea
With nearly three decades worth of industry experience, executive joins JP Morgan from Standard Chartered Bank.
Custody
JP Morgan selects HSBC and Standard Chartered as sub-custodians for Hong Kong and Taiwan
Selection made following due diligence and review process, with parties aiming to complete the transition by the end of 2024.
Client education the key focus for custodians ahead of T+1 switch
Education on the affirmation process is particularly important for Europe and Asia-based clients.
JP Morgan explores portfolio tokenisation as part of wide-reaching MAS initiative
The PoC has been launched as part of the Project Guardian initiative, which features 17 financial institutions, including the likes of BNY Mellon and Citi.
Europe ‘must walk before it can run’ with T+1
Executives from the DTCC, Goldman Sachs, JP Morgan and AFME want to see an improvement in settlement efficiency in Europe before committing to a shortened settlement cycle.