Custodians may be forced to adapt their business and operating models sooner than expected, as DLT-solutions and digital asset infrastructures take shape.
Collateral mobility system simulated transactions by several global banks including Commerzbank and ING, and confirms launch date.
The Japanese bank has become a shareholder of Fnality International, joining the likes of MUFG, State Street and BNY Mellon.
New lending exchange claims its delivering a ‘critical piece of financial markets infrastructure to the crypto economy’.
Meeting of market infrastructures, custodians and CSDs in Paris sets up further exploration into crypto assets and tokenisation leading up to Sibos.
A number of blockchain harmonisation initiatives are currently in play at SWIFT, and some version of standards could be agreed upon soon.
Many of the established custodians are remaining on the sidelines to see what exchanges and other market infrastructures will offer for tokenised securities.
Topics discussed at the forum included achieving buy-side operational efficiencies, new front-to-back service models, blockchain, ESG and tokenisation.
A DTCC white paper outlines the post-trade responsibilities that should be undertaken to enhance security for token platforms.