Utility Settlement Coin gains £50m backing and moves forward with backing of banks
State Street, BNY Mellon and MUFG among those backing the tokenisation project aimed at transforming clearing and settlement.
State Street, BNY Mellon and MUFG among those backing the tokenisation project aimed at transforming clearing and settlement.
Credit Suisse stated it has seen increased profits following its programme of optimising and rationalising its prime brokerage balance sheet.
A number of custodians and asset servicing providers have trialled using blockchain platforms to process fund transactions.
Tokenised collateral mobility system eyes expansion into cash and new regions ahead of market adoption at the end of the year.
Credit Suisse has hired Terry Burke from CME Group as it continues to rebuild its US prime services division.
The global heads of capital introduction at some of the biggest prime brokers have left this year to pursue new ventures.
The survey found demand is being driven by a desire for customisation and transparency by allocators and other hedge fund investors.
The appointment is the latest win for Gen II, as it looks to build upon its record assets under administration of $200 billion
European Fund Administration adds new names from Credit Suisse including head of private equity and real estate administration for Luxembourg.
The new role will include oversight of Credit Suisse' capital introduction, client services and prime consulting businesses.