BNP Paribas Securities Services has selected two fintechs – Fireblocks and METACO – to develop its digital asset custody offering and help clients issue, transfer and safekeep regulated digital assets. BP2S has selected Fireblocks as its hot wallet, tokenisation, and connectivity infrastructure layer. As a first step, BP2S will use Fireblocks’ solution in its ongoing…
Category: Product
Fenergo launches in Mexico
Fenergo, the Ireland-based provider of digital solutions for know your customer (KYC) and client lifecycle management (CLM), has launched its services in Mexico in response to rising money laundering, increased regulatory scrutiny and an over reliance on manual processes within financial institutions.
Waystone launches ETF platform solution
Waystone, the Ireland-based provider of specialist services to the asset management industry, has launched Waystone ETFs, an institutional ETF platform operator. Waystone ETFs will partner with leading financial institutions to build investment products whilst leveraging open architecture solutions. These will include the ability to offer clients institutional platform solutions including white label and standalone operator…
Northern Trust upgrades liquidity management tool for FOS
Northern Trust has launched an enhanced liquidity management data tool on its Front Office Solutions platform. The web-based tool gives asset owners with significant allocations to private market assets better control over their liquidity through unified and customised reporting. The web-based liquidity management module offers users a comprehensive view of their portfolio’s liquidity based on…
Hex Trust opens in Italy
Hex Trust, an Asia-based custodian of digital assets, has expanded to Europe by opening its first European office in Milan, Italy. The establishment of the first office in the EU is part of Hex Trust’s expansion strategy in Europe, in anticipation of the forthcoming implementation of the Markets in Cryptoassets (MiCA) regulation that is expected…
SDX partners with F10 & Aequitec to tokenise equities
Switzerland’s SIX Digital Exchange (SDX), the digital asset exchange and central securities depository (CSD), in partnership with F10, a fintech, and Aequitec, a digital share register and cap table company, have completed the first tokenisation of equity shares in a fully regulated CSD based on distributed ledger technology. F10 will issue its shares with the…
State Street & FactSet form data alliance
State Street and FactSet have established a partnership that integrates State Street Alpha and FactSet to streamline data flows across the front, middle and back-office through State Street’s Alpha Data Platform. The integration of State Street portfolio accounting data into FactSet’s performance attribution, risk and reporting capabilities will provide a more seamless client experience, with…
BNY Mellon expands in UAE
BNY Mellon has formed a strategic alliance with Emirates NBD, the UAE-based banking group, “aimed at accelerating the growth of UAE capital markets”. In 2020 BNY Mellon formed an alliance with SNB Capital (formerly NCB Capital) in Saudi Arabia.
Ocorian granted three new licences in Ireland
Ocorian, the C.I.-based administrator, has been granted three new licences by the Central Bank of Ireland. The firm, which has offered corporate and capital market services in Ireland for 15 years, now has licences covering AIFM, fund administration and real asset depositary services.
SDX partners with Fireblocks
SDX Web3 Services, SIX Digital Exchange’s Web3 unit, has formed a partnership with Fireblocks, the digital asset and crypto technology platform, to provide financial institutions and institutional investors with a set of infrastructure services for the distributed economy. Initially, this partnership will focus on delivering an institutional custody solution for digital assets, providing a transition…