Category: Product

Socium Fund Services, the U.S.-based subsidiary of Suntera Global specialising in private equity, private credit, real estate, and venture capital fund administration, has partnered with Cascata Solutions, a provider of automated waterfall distribution software. Together, they aim to deliver carried interest, management fee, and expense accounting services for Socium’s private fund clients.

HSBC plans to launch a new digital assets custody service for institutional clients who invest in tokenised securities. Once live in 2024, HSBC’s new service will complement HSBC Orion, the bank’s platform for issuing digital assets, as well as HSBC’s recently launched offering for tokenised physical gold. The new service does not cover cryptocurrencies or…

DZ BANK, a BaFin-regulated financial institution and one of the largest custodians and depositary banks in Germany, has launched an institutional digital asset custody offering. Metaco’s Harmonize solution has been deployed as the service platform. One of the first use cases was to onboard a Siemens tokenised bond, in which both DZ BANK and Union…

Northern Trust has agreed with Novata, a fintech that provides ESG data for private markets investments, to provide its data to Northern Trust’s asset servicing clients. Northern Trust recently participated in a Series B funding round for Novata. Novata’s data management solution aims to provide asset owners with a clearer view of the ESG impact…

HSBC has processed the first trades tokenising the ownership of physical gold held in HSBC’s UK vault, using DLT. HSBC has developed this capability by creating a digital twin of an existing physical asset – specifically physical gold held in HSBC’s vault. Tokenised physical gold can be traded between HSBC and institutional investors through the…

Zodia Markets, the Standard Chartered backed digital asset exchange and brokerage platform, has received its registration as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. This follows on from the firm receiving cryptoasset registration from the UK’s Financial Conduct Authority in 2022 and its in-principle approval by Abu Dhabi Global Markets…

Pirum, the UK-based fintech focused on securities finance, has launched a borrower automation solution with its Recalls Manager service, enabling full automation of the recall lifecycle with its first clients well ahead of the introduction of T+1 settlement in the US, Canada and Mexico in May 2024. Pirum is going live with multiple agent lenders…

BNY Mellon has launched Universal FX, a new platform that helps clients manage and centralise their portfolio execution, regardless of the location of their custodian, prime broker or trade settlement bank. Targeted clients include investment managers, corporates, hedge funds and wealth managers. Universal FX builds on BNY Mellon’s OneFX suite of solutions and banking capabilities…