Northern Trust has entered into an agreement with Digital Asset Holdings to support the development of custody capabilities for tokenised financial assets. As part of this agreement, Northern Trust will integrate with Canton Network’s infrastructure to develop and deploy applications that bridge digital and traditional markets, supporting institutional grade custody and asset servicing workflows for…
Category: Product
Apex teams up with Global Tax Recovery
Apex has formed a partnership with Global Tax Recovery, a specialist in recovering excess foreign withholding tax on dividends and interest. Under the partnership, Apex will introduce Global Tax Recovery to its clients as a preferred vendor. FundRock, the Apex-owned Luxembourg operation, will work exclusively with Global Tax Recovery for all withholding tax recovery across…
BNPP extends Auto FX service
BNP Paribas’ securities services business has extended its multi-custodian third-party Automated FX service to continental Europe. La Financière de l’Échiquier, a European asset manager with EUR28bn (USD33bn) AuM, is the first client in France to benefit from the bank’s third-party FX solution, covering all 40 of its French funds.
Sonata One launches investor care service
Sonata One, the fintech focused on private markets, has launched Instant Investor Care, a service that combines technology with human expertise to support private capital investors across the fund lifecycle. Features include multi-channel support via live chat, voice and video call, fully embedded in the Sonata One platform, and 24/5 access to its client service…
Apex collaborates with Zodia
Apex has formed a collaboration between European Depositary Bank, an Apex company, and Zodia Custody, the institution-first digital assets platform with shareholders and investors including Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD. The initiative, which is subject to the relevant regulatory approvals for EDB across Europe, will support the development…
Northern Trust builds U.S. ETF capabilities
Northern Trust has entered into an agreement with Intercontinental Exchange to deploy ICE ETF Hub as the order‑taking platform for its new U.S. ETF servicing capability for institutional investors. The integration marks a key milestone in Northern Trust’s strategic entry into the U.S. institutional investor ETF servicing market. Northern Trust is currently putting in place…
Northern Trust adds Berenberg to currency hedging service
Northern Trust has added Berenberg to its framework of dynamic currency hedging solutions, enabling Northern Trust’s clients to incorporate third-party currency management strategies, such as Berenberg’s AI based models, into their range of risk management choices. Berenberg is one of Europe’s oldest banks and is among the leaders in applying AI to financial markets. Its…
Northern Trust expands CLO MO service
Northern Trust has expanded its collateralised loan obligation (CLO) middle office services for institutional clients. The addition of compliance indenture monitoring and waterfall calculation capabilities to its Omnium platform builds on Northern Trust’s existing outsourced middle office functions for structured debt, which include loan closing, treasury and real-time data shares. The new capabilities provide a…
BNPP pilots tokenised MM fund
BNP Paribas Asset Management has issued a tokenised share class of an existing French-domiciled money market fund, recorded on public blockchain infrastructure. The initiative relies on a permissioned access model on Ethereum, restricting holding and transfers to authorised participants within a regulated framework. BNP Paribas’ securities services business acted as transfer agent and fund dealing services…
Euroclear launches DVP repo service
Euroclear has launched a U.S. Treasury DVP repo service. The new solution is designed for U.S. Treasury repo market participants operating in the U.S. settling USD transactions. The first trade was completed between Euroclear Bank and Toronto Dominion Bank London. The service offers cash lenders similar operational efficiency for DVP repo transactions as triparty repo…