The Great Consolidation
Collaboration combines Euroclear’s infrastructure with Transcend’s technology to address growing collateral and liquidity pressures.
Experienced executive joins from fintech outfit Fnality UK, where he served as CEO since November 2021.
The firm joins the global securities services association amid growing industry collaboration on T+1, digitisation and post-trade efficiency.
The collaboration extends access to a wider clearing community, including futures commission merchants and broker-dealers.
Backed by Google Cloud technology, the platform will initially be rolled out into the international market and available to issuer clients of Clearstream Banking.
The partnership supports the regulator’s equity market development programme aimed at deepening the local equities market.
The changes, led by Isabelle Delorme, aim to strengthen alignment across collateral, banking and settlement services.
Experienced executive brings over 25 years’ industry experience from the likes of Standard Chartered, Credit Suisse, Deutsche Bank and JP Morgan.
The collaboration aims to support market harmonisation, enhance automation and strengthen operational resilience ahead of regulatory changes set for 2027.
Fund aims to bring institutional structured credit on-chain, with Grove planning $100 million anchor investment.
The two market infrastructures are set to offer clearing members the option to settle Italian government bonds and repos cleared at LCH SA directly in Euroclear Bank from 2026.
The fund operates on Marketnode’s core tokenisation architecture, with a view to improving efficiency and connectivity.
Initial focus on a new Saudi collateral management service to enhance local market liquidity and automation.
Assets under custody and administration rise to €17.8 trillion on strong activity and new mandates.