State Street was previously permitted to provide trustee services to only Singapore-authorised, retail-only, collective investment schemes.
The Monetary Authority of Singapore and Singapore Exchange developed two Delivery versus Payment capabilities for the settlement of tokenised assets across different blockchain platforms.
MAS and SGX have been among the leaders in promoting the use of blockchain technology in financial markets.
The UK’s FCA and ten other financial regulators have laid out plans for a new global financial innovation network.
Regulators around the world have passed similar stricter rules on short selling of listed securities.