Euroclear has launched a plan to establish a single market for post-trade services across asset classes. This initiative, aimed at enhancing the efficiency and effectiveness of the European market infrastructure, will support the Savings and Investments Union‘s (SIU). Euroclear is committing to provide a single point of access to all 27 member states across all…
Category: Digital Assets
Ripple appoints BNY for RLUSD custody
Ripple, a provider of digital asset infrastructure for financial institutions, has appointed BNY as primary custodian of Ripple USD (RLUSD) reserves. BNY will serve as the primary reserve custodian of RLUSD,. In addition, BNY will provide transaction banking services to underpin RLUSD’s operations and deliver integrated solutions.
CACEIS wins further crypto approval
CACEIS Bank has been authorised by the ACPR, France’s banking and insurance regulator, following the advice of the AMF, France’s financial sector regulator, to provide crypto-asset services in accordance with the procedures laid out in Article 60 of MiCA, the European Markets in Crypto-Assets regulation. This is a major step in the roll-out of the…
BNY to support new stablecoin from SG-FORGE
Société Générale-FORGE (SG-FORGE), an integrated subsidiary of the group dedicated to crypto assets, is to launch a new stablecoin, the USD CoinVertible, on both the Ethereum and Solana public blockchains (ticker: USDCV). BNY will act as reserve custodian.
Clearstream and Azimut collaborate
Clearstream, Deutsche Börse Group’s post-trade services provider, and Azimut, an independent group specialising in asset management across public and private markets and wealth management, have partnered to develop a new digital solution for private market funds. The collaboration addresses key challenges in the private market space, focusing on enhancing transparency, improving operational efficiency, and offering…
Apex to takeover Tokeny
Apex is to acquire a majority stake in Tokeny, the Luxembourg-based tokenisation solutions provider. The transaction, which will see Apex having 100pct control over the next three years, follows the initial investment and strategic partnership with Tokeny announced in 2023.
Apex wins Coinbase mandate
Apex has been selected by Coinbase Asset Management to provide fund administration services, delivered by Apex Malta, specifically tailored for digital asset strategies and its newly announced Coinbase Bitcoin Yield Fund (CBYF).
Citi & SDX collaborate on private assets
Citi and SDX are collaborating on a project for global issuers and investors. Citi will be tokenising, settling and safekeeping assets on SDX’s digital CSD platform and will bring late-stage pre-IPO equities to institutional and eligible investors on the platform. Expected to be live by the third quarter of 2025, Citi and SDX are developing…
Northern Trust joins Ensemble
Northern Trust has joined Project Ensemble, a Hong Kong Monetary Authority initiative, to help develop an experimental framework for cross-border trading of digital carbon credits. The collaboration aims to explore how overseas investors can access tokenised voluntary carbon credits traded in Hong Kong. The project will be supported by the Northern Trust Carbon Ecosystem, a…
DTCC hires from BNY
DTCC has appointed Talia Klein as head of wealth management services, reporting to Brian Steele, president, clearing & securities services at DTCC. Klein will oversee the firm’s wealth management services organisation, with responsibility for mutual fund offerings, Insurance and retirement services, and alternative investment products. Prior to DTCC, she was BNY’s head of tokenisation where…