The Monetary Authority of Singapore and Singapore Exchange developed two Delivery versus Payment capabilities for the settlement of tokenised assets across different blockchain platforms.
Bank aims to create a ‘trusted investment environment’ for institutional investors.
The involvement of CSDs in a governance and operational role could help increase trust of investors, and raise the quality of the crypto-trading ecosystem.
Fund administrators have begun offering crypto services to new funds, presenting the service providers with a whole new world of challenges.
Approval means BitGo can offer institutional investors storage for digital assets that is more in line with traditional capital markets offerings.
Apex Clearing will launch its new business Apex Crypto in the fourth quarter this year.
ASX is now looking to launch its new post-trade blockchain system in March or April 2021, rather than the end of 2020 as initially planned.
Kingdom Trust secures insurance for digital assets from Lloyd’s of London held on custody platform.
The safeguarding of cryptocurrencies by custodian banks is the only way institutional investors can begin their journey with the much-hyped digital assets. So will traditional custodians step up to the plate, and could they partner with crypto trading venues? Jonathan Watkins investigates.
Northern Trust is currently providing accounting services for select clients that have a small portion of their assets in cryptocurrencies.