Northern Trust is working with Swift to explore how tokenised assets, such as carbon credits, can be transacted using a commercial bank account in Australia. The initiative, which aims to demonstrate how digital asset innovation can connect with core components of the financial system, is part of Project Acacia, a research project led by the…
Category: Bank Providers
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.
Syz appoints CACEIS as exclusive provider
CACEIS has been appointed by Syz Asset Management, part of Swiss family-owned Syz Group, to provide custody, fund administration, and transfer agency. The mandate covers all of Syz Asset Management’s funds totalling over CHF3bn (USD3.78bn). Syz Asset Management specialises in bond and money-market instruments for Swiss institutional investors.
UC partners with State Street
UC Investments, the investment arm of the University of California, and State Street have formed an initiative to give individuals access to institutional-grade investment tools and opportunities. The initiative will combine the latest investment technologies and artificial intelligence to give individuals direct access to a broader range of investment opportunities, including private markets. It also…
BlackRock legend retires
Legend is a word that is much misused and overused, but there should be no doubt that it genuinely applies to Phil Evans who, after 15 years at BlakcRock is to retire. Evans was most recently head of global provider strategy at BlackRock.
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…
BP2S announces leadership transition
Effective 1 January 2026, Claudine Gallagher, currently head human resources officer at BNP Paribas CIB Americas, and previously head of Americas for securities services, will be appointed as head of securities services globally. Patrick Colle will become executive chairman of securities services, in addition to his role as chairman of financial institutions coverage. Gallagher, who…
BNPP to acquire HSBC’s Germany business
BNP Paribas has entered into an agreement with HSBC for the acquisition of the custody and depositary bank business of HSBC Continental Europe S.A., Germany, subject to regulatory approvals. As part of the agreement, the custody business staff employed at HSBC Continental Europe S.A., Germany will transfer to BNP Paribas’ securities services business in Germany.…
BNY wins (back) WisdomTree ETF mandate
BNY has confirmed that WisdomTree, Inc. to provide custody, depositary, accounting, fund administration and ETF services for its Europe-listed products. WisdomTree Europe has AuM totaling USD40.1bn. BNY is expanding its relationship with WisdomTree as custodian, administrator, securities lending agent and ETF servicing provider across its U.S.-listed products, to now include capabilities which support its Irish-domiciled…
State Street to service COtwo ETP
State Street has been appointed as fund administrator and transfer agent for the COtwo Advisors Physical European Carbon Allowance Trust (NYSE Arca: CTWO), the first US-listed exchange-traded product backed by physical European Union Allowances (EUAs). State Street will deliver ETF solutions, including fund accounting, administration, and transfer agency.