The experiment focused on the entire life cycle of securities, from issuance and registration in the blockchain to secondary market operations’ settlement.
It represents the market’s first multi-dealer led, primary issuance registration and settlement of digitally native tokens using public blockchain technology.
Societe Generale Forge plans to offer crypto assets structuring, issuing, exchange and custody services to clients by 2022.
Organisational restructure will see the closure of Societe Generale’s securities services offering to funds in the UK.
The new link is part of Clearstream’s wider strategy to link emerging and frontier markets to its international central securities depository (ICSD) structure.
Mixed fortunes for European custodians with a combination of double-digit revenue growth and some large declines during the first quarter.
Credit Suisse and Societe Generale have been confirmed as the first two banks to use the Paxos Settlement Service.
Network managers have had to ride the storm of regulatory and market changes, and are now through to the over side. But the impact it has had on their sub-custody relationships is profound.
Prime brokers are now stepping up their due diligence of hedge funds, becoming more forensic when looking to bring a hedge fund onto their balance sheet.
Eurex now has 28 participants signed up to the repo partnership programme including JP Morgan, Deutsche Bank and Morgan Stanley.