BNY Mellon said it plans to offer its new digital assets custody and administration services later this year.
The project will explore a range of technological and practical feasibilities of digital assets to form the foundation of an integrated platform.
The tokenisation of bonds will provide investor access to harder-to-reach securities such as emerging and frontier market debt.
Clearstream is planning to use its involvements in recent DLT projects as a steppingstone to developing its own digitised CSD.
BNY Mellon, Citi, and State Street take part in initiative designed to transform and automate the current capital markets infrastructure.
The group will collaborate on setting standards for building distributed applications, including frameworks on token definitions and contracts
The US post-trade infrastructure has launched two new projects that will advance its digitalisation programme and further develop its adoption of new technologies.
The investment builds upon ING’s earlier involvement with the platform, as its blockchain team helped develop the initial version of the HQLAx application.
Digitisation of assets could enable fund managers to access hard-to-reach markets, as the continue to combat the drain on traditional active management.
In the first part of our ‘what to look out for in 2020’, we ask industry experts’ for their input on technology and digital trends in the securities services industry.