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…
Category: Product
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…
BNY granted RHQ licence in KSA
BNY has been granted a regional headquarters (RHQ) licence by the Ministry of Investments in Saudi Arabia. The RHQ in Riyadh will provide strategic, administrative and corporate services for BNY in the Middle East. BNY’s existing asset servicing solutions delivered for clients in Saudi Arabia include global custody services, global risk solutions, custody FX, and…
AccessFintech launches FI settlement solution
Synergy from AccessFintach, the fintech, has launched Settlement Netting, which aims to improve operational efficiency in the fixed income markets. Synergy by AccessFintech captures data from a wide range of asset classes, including securities, derivatives, alternatives, and payments, enabling data transformations across network participants. J.P. Morgan and Citi were instrumental in the establishment of the…
Ocorian partners with Canoe
Ocorian, the C.I.-based provider of fund administration, capital markets, corporate, fiduciary and regulatory services, is working with Canoe Intelligence, the platform for alts management, to streamline and enhance data management for fund managers. Canoe services more than 400 global clients, including banks, capital allocators, wealth managers, family offices, and asset servicing firms, supporting over USD8trn…
BNY pilots first intraday repo trade
BNY has piloted the first intraday repo trade settled through its triparty infrastructure. The USD-denominated pilot transaction, which took place in February, saw UBS borrowing cash from Swiss Re while delivering collateral via BNY’s global collateral platform.
BNPP signs with Confluence
Confluence Technologies, a technology solutions provider for regulatory, analytics, and investor communications solutions for the investment management industry, has signed a deal with BNP Paribas’ securities services to deploy its Confluence Unity Financial Reporting to support its private capital client segment.
Apex to buy Flow
Apex has agreed to buy Flow. Founded in 2018, Flow simplifies fund management with its infrastructure software that provides a platform for insights, transparency and dialogue between fund managers and the broader ecosystem of investors, law firms, fund administrators, banks, and accounting firms. The addition of Flow adds 15 employees and AuA of USD17bn. The…
BNY expands digital assets platform
BNY has expanded its Digital Asset Platform with the launch of Digital Asset Data Insights, designed to deliver both on- and off-chain data across blockchain networks. With the data on-chain capability, BNY will broadcast select fund accounting data to the Ethereum network, enabling further utility of public blockchains. Using smart contract technology, BNY will automate…
Calastone launches tokenised distribution solution
Calastone, the global funds network, has launched Calastone Tokenised Distribution, a solution that allows asset managers to tokenise any fund operating on Calastone’s network and distribute it across blockchain-based channels. The solution bridges the gap between traditional investment funds and blockchain-native networks such as Ethereum, Polygon, and Canton, where investment activity is increasingly executed and…