State Street has belatedly launched a digital assets platform, which includes wallet management, custody and cash capabilities, designed to support tokenised product development across jurisdictions covering both private and public permissioned blockchain networks. State Street’s digital asset strategy has stuttered ever since Nadine Chakar, global head of digital assets, left in 2022 after barely a…
Category: Digital Assets
BNY moves to tokenise deposits
BNY has taken the first step in its strategy to tokenise deposits by enabling the on chain mirrored representation of client deposit balances on its digital assets platform. Early participants include financial institutions and digital natives. Beginning with collateral and margin workflow use cases, this launch extends BNY’s cash capabilities by creating on-chain digital book…
DTCC partners with Digital Asset & Canton
DTTC has partnered with Digital Asset and the Canton Network to enable the tokenisation of DTC custodied assets on the Canton Network. The partnership follows DTC’s recent receipt of a No-Action Letter from the SEC to implement and operate a new service to tokenise real-world, DTC-custodied assets. Through this partnership, DTCC plans to enable a…
DTC to tokenise real-world assets
DTC, a subsidiary of DTCC, has received a No-Action Letter from the Securities and Exchange Commission to offer, under federal securities laws and regulations, a new service to tokenise real-world, DTC-custodied assets in a controlled production environment. DTC anticipates beginning to roll out the service in the second half of 2026. The No-Action Letter authorises DTC…
CACEIS supports Amundi tokenised fund
Amundi has launched its first tokenised share of the AMUNDI FUNDS CASH EUR money market fund. The first transaction took place at the beginning of November, and the fund is now distributed in a hybrid manner: it remains accessible in the traditional way and via the tokenised share AMUNDI FUNDS CASH EUR – J28 EUR…
Securitize partners with BNY
Securitize, a platform for tokenising real-world assets, has launched the Securitize Tokenized AAA CLO Fund, a tokenised fund dedicated to AAA-rated collateralised loan obligations. The fund has been developed in collaboration with BNY, which will act as custodian for the fund’s underlying assets. The fund will be sub-advised by BNY Investments.
BNY wins BaaS mandate from WisdomTree
WisdomTree has appointed BNY as its core banking-as-a-service (BaaS) infrastructure provider for WisdomTree Prime, its retail platform for tokenised assets and cryptocurrency. The collaboration between the two firms cements WisdomTree as BNY’s first retail digital assets BaaS client. WisdomTree Prime is claimed to be the first app to provide access to tokenised funds to U.S.…
U.S. Bank wins stablecoin custody mandate
U.S. Bank has been selected to serve as the custodian for reserves backing Anchorage Digital Bank’s payment stablecoins. Anchorage Digital Bank is the only crypto-native bank in the U.S. to hold a federal charter, operating under the direct oversight of the Office of the Comptroller of the Currency. Anchorage Digital Bank launched its stablecoin issuance…
BNPP supports innovative Spanish fund
Azvalor, the Spanish asset manager, has launched its first tokenised investment fund, within the regulatory sandbox of the Spanish National Securities Market Commission (CNMV). This project, developed jointly with Allfunds Blockchain and BNP Paribas acting as depositary bank and fund administrator, introduces an alternative distribution model for UCITS funds. The fund, Azvalor Blockchain FI, represents a structural innovation…
DTCC hires MD for digital assets
DTCC has hired Thomas Sullivan as managing director of DTCC Digital Assets, reporting to Nadine Chakar, managing director, global head of DTCC Digital Assets. Previously, he was head of business development for digital assets at Société Générale.