CaixaBank has been authorized as a Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets (MiCA) regulation, allowing the firm to offer crypto-asset services under the new common regulatory framework of the European Union, officials say. The Spanish National Securities Market Commission (CNMV) authorized the CASP designation, and the MiCA license “enables CaixaBank to provide… Read More >>
SEC & CFTC Offer Clarity for Crypto Assets
Paul S. Atkins, the chairman of the Securities and Exchange Commission (SEC), has issued clarifications for the treatment of crypto assets under federal securities laws to help market participants know when a crypto asset is a security. The chairman is hoping to build a bridge to the future for entrepreneurs and investors while the U.S…. Read More >>
Is the Post-Trade Market Growing?
Where is the post-trade, securities operations processing market going? One report is predicting “significant expansion” of up to $9.12 billion by 2030 for the market because of DLT/blockchains that facilitate the search for the Nirvana of straight through processing (STP). “The post trade processing solution market is set for significant expansion over the coming years,… Read More >>
Digital Asset Securities Need Ops Interoperability: Report
Digital asset securities (DAS) that leverage digital ledger technology (DLT), also known as blockchains, are gaining acceptance and integration into global capital markets. However, a push for interoperability across key facets of the digital asset landscape is needed before digital securities can truly take off. According to officials at DTCC, Clearstream, and Euroclear, in collaboration with Boston Consulting Group (BCG),… Read More >>
Amber Premium Platform Enables Real-World Tokenization
A provider of institutional crypto financial services and solutions, Amber International Holding Ltd., aka Amber Premium, unveiled its Real World Asset (RWA) Solution — a turnkey platform that facilitates the tokenization of real-world asset classes, officials say. The offering has been designed to bring traditional assets into the blockchain/distributed ledger technology (DLT) environment and features… Read More >>
HSBC, FAB & ADX Launch MENA’s First Digital Bond
First Abu Dhabi Bank (FAB), using the HSBC Orion digital assets platform, is moving ahead with the launch of bonds based upon distributed ledger technology (DLT) that will be listed and priced via the Abu Dhabi Securities Exchange (ADX), which serves the Middle East North Africa (MENA) region. The DLT-based bond instrument has been “designed… Read More >>
DTCC to Explore Fnality Integration with Digital Launchpad
Post-trade infrastructure provider the Depository Trust & Clearing Corp. (DTCC) and a provider of regulated DLT-based wholesale payment systems Fnality are collaborating “on the potential integration of the Fnality wholesale payments system (FnPS) as a payment rail” within DTCC’s recently introduced Digital Launchpad, officials say. The Digital Launchpad supports “the testing and advancement of emerging… Read More >>
Duo Launches Digital Contracts Solution for Market Data
Broadhead Technologies and Crown Jewel Consultants (CJC) have combined forces and are officially launching a digital contracts solution for market data — Digital Rights for Data Management (DRDM) — based on distributed ledger technology (DLT) that its backers say could change how financial services firms and market data providers manage digital rights and data usage… Read More >>
Can Tokenization Save Asset Managers $135 Billion?
Tokenization is “the process of transforming asset ownership into digital tokens on a blockchain,” and it could also be one of the fastest ways for the asset management industry to save $135 billion by trimming the costs associated with traditional fund accounting, transfer agencies, compliance monitoring, and regulatory reporting. This is according to the recently… Read More >>
South African Company Readies DLT-Based Transaction Platform
(FinSwitch, a provider based in Cape Town, South Africa, that offers securities transaction flow support is readying a messaging and transaction platform based on distributed ledger technology (DLT). Dubbed FinChain, the new system will replace its legacy offering that FinSwitch says offers “a common automated platform to process transactions, fund prices, and other data between… Read More >>
