The alliance will also enable buy-side clients of Charles River to manage their entire trade life cycle using automated straight through processing (STP).
Settlement has arisen as one of the prime benefactors of blockchain technology with cost savings widely discussed as a benefit.
The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.
ALERT GC Direct has currently seven global custodians live on the service, covering 700,000 settlement instructions.
A fully integrated trading, settlement and custody infrastructure for digital assets is set to launch in 2019.
The new fixed income clearing and settlement offering was developed as part of SGSS’ ongoing work with Accenture Post-Trade Processing.
Digital Asset’s head of Europe sees potential opportunity through distributed ledger technology in settlement for securities lending between when counterparties want to settle.
This is the latest partnership for RBI in the region as it looks to enhance connectivity to market infrastructures in central, southern and eastern Europe.
The internet may not be able to handle vast amounts of crypto transactions, according to the Bank for International Settlements claims.