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.
The pilot will perform reporting scenarios on a user’s crypto currency holdings with Gemini Custody, and can be adapted to report on holdings of security tokens.
The project has been lauded by industry experts, and HQLAx founder Guido Stroemer was included in Global Custodian’s 30 to Shape the Future list.
Deutsche Boerse stated the initiative is the latest milestone in building a comprehensive ecosystem for digital assets.