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.
The Network Forum (TNF) returned to Hong Kong for its Asia Meeting this week, amid a backdrop of political and social unrest.
Project saw cash and securities tokens swapped for settlement using DLT, and tokenised cash used as collateral for margin requirements.
Custodians may be forced to adapt their business and operating models sooner than expected, as DLT-solutions and digital asset infrastructures take shape.