Citi steps up involvement in FinTech BondEvalue through $6 million funding round
The funding round comes three months after Citi was appointed by BondEvalue as the custodian for the underlying bonds traded on its platform as tokenised assets.
The funding round comes three months after Citi was appointed by BondEvalue as the custodian for the underlying bonds traded on its platform as tokenised assets.
Deutsche Bank and STACS were able to remodel and optimise the workflows involved to create a ‘bond in a box’ DLT platform.
With its first office in Singapore, the tech vendor aims to capitalise on the growth of the region’s private markets.
HSBC acted as the arranger bank, custodian and settlement bank for the digital bond issued on the Marketnode platform.
The mandate advances Citi’s objective to evolve its securities services operating model and capabilities to cater for digitised products.
Country head for Singapore steps away from BNY Mellon after 22 years with the custodian.
Following similar initiatives in China and Japan, Euroclear teams up with the Singapore Exchange to broaden the market’s investor base.
The two firms stated they observed an 84% reduction in trade breaks and a significant reduction in non-value-added reconciliation work through the platform.
The project will explore a range of technological and practical feasibilities of digital assets to form the foundation of an integrated platform.
The hires are the latest by TMF Group as it looks to bolster its APAC fund services business.