Ripple, the UK fintech, has completed the acquisition of Standard Custody & Trust Company, a U.S.-based regulated custodian for digital assets. The acquisition adds a limited purpose trust company regulated by the New York Department of Financial Services, and follows the 2023 acquisition of Metaco, a Swiss-based provider of digital asset custody and tokenisation technology.…

State Street has been appointed as custodian and administrator for the >AUD30bn (USD20bn) in funds invested for members of Brighter Super, an Australian super. State Street will provide services to Brighter Super’s >130 portfolios across multiple asset classes including equities, fixed income, private assets and derivatives. Under the new mandate, State Street will provide Brighter…

Berenberg, one of Europe’s oldest privately owned banks, has appointed BNP Paribas to provide depositary bank, transfer agency, listed derivatives clearing, and OTC derivatives services in Germany and Luxembourg. This new mandate expands Berenberg’s long-term partnership with BNP Paribas, which already includes local clearing, settlement, and custody services across multiple markets. The mandate covers Berenberg’s…

The New Zealand Superannuation Fund has expanded its relationship with Northern Trust to include data services through its data warehouse solutions offering. Northern Trust has provided the NZ Super Fund with global custody and compliance monitoring services since 2007 and securities lending services from 2019. Northern Trust Asset Management has provided investment management services to…