Digital asset servicing

The custodian will broadcast fund accounting data for BlackRock’s tokenised short-term US treasury fund, BUIDL.  

The market infrastructure provider said the platform leverages a scalable, industry-driven framework “rooted in open architecture and common standards”.  

Institutions will be able to assess whether certain digital instruments fall under the scope of regulatory and tax requirements.  

The rescission is the latest in a string of regulatory developments for institutional engagement in crypto-related services.  

The rescission will be music to the ears of traditional custodians, which have been vociferously opposed to the directive since it was issued in March 2022.  

As CSD, Euroclear will work closely with the government to explore design choices, following similar initiatives in other jurisdictions.  

The collaboration between Citi and Fidelity International is part of the Monetary Authority of Singapore's Project Guardian, which aims to enhance liquidity and efficiency in financial markets through asset tokenisation. 

Partnership will see Standard Chartered’s asset servicing clients gain access to TP ICAP’s UK-based spot cryptoasset exchange. 

The digital asset firms say they are looking to solve three key challenges in the tokenised asset space - security, data, and asset mobility. 

Incoming hire will partner with business executives across product, technology, operations, as well as the chief commercial office to drive the overall execution of the custodian’s digital asset strategy.