Broadridge Financial Solutions, a provider of services, systems, and software for securities operations, reports that its Distributed Ledger Repo (DLR) platform hit a record $385 billion in daily repo transactions during October, a record increase of 492 percent over $65 billion in transactions processed in October 2024. In addition, the results last month are 13… Read More >>
JP Morgan Embraces Tokenization for PE Funds
J.P. Morgan Private Bank, J.P. Morgan Asset Management, and Citco have completed a first by processing a tokenized private equity fund via the Kinexys Fund Flow solution from the Kinexys blockchain business unit of J.P. Morgan, officials say. The new solution “collects, harmonizes, and records investor register and transactional data” for the Kinexys Digital Assets… Read More >>
Integral Launches a Stablecoin-based Crypto Prime Broker
Integral, an FX and digital asset technology provider, has launched PrimeOne, a stablecoin-based crypto prime brokerage that is already live with customers and liquidity providers such as Virtu Financial and Europa Partners, officials say. The new crypto prime brokerage is “built on the Codex Layer-1 EVM blockchain” to provide “institutional-grade credit, trading, and net settlement… Read More >>
Sibos Roundup: Firms Are Racing to Modernize Ops
Several vendors serving the securities industry marked the first days of Sibos 2025 in Frankfurt with news and product launches. The conference and exhibition sponsored by the Swift financial messaging cooperative is underway at the Messe Frankfurt conference center from September 29 to October 2 and is bringing together global financial honchos to examine industry… Read More >>
Can Blockchain Analytics Mitigate Risk & Underpin Compliance?
The New York State Department of Financial Services (NYDFS) is showing new concern about “firms dipping their toes into crypto activities” and, through a new guidance, is urging banks (and other types of firms) to embrace blockchain analytics tools as a way to mitigate risk and achieve regulatory compliance. A guidance “is not intended to… Read More >>
LSEG Embraces Private Funds via ‘Digital Markets Infrastructure’
The London Stock Exchange Group (LSEG) has launched a blockchain-based Digital Markets Infrastructure (DMI) platform for private funds, supported by Microsoft Azure cloud computing services, according to officials. The system has already facilitated its first transaction. The blockchain-based system will encompass “the full asset lifecycle — from issuance, tokenization and distribution to post-trade asset settlement… Read More >>
BNP Paribas & HSBC Join the Canton Foundation
BNP Paribas and HSBC have joined the Canton Foundation, which is the overseer of the Canton Network, said to be the only permissioned blockchain for the financial services industry, officials say. BNP Paribas and HSBC are the latest additions to a roster of more than 30 members, including Broadridge Financial Solutions, Tradeweb, Digital Asset, Goldman… Read More >>
BNY & Goldman Sachs Build Tokenized Solution for MMFs
The Bank of New York Mellon Corp. (BNY) and the Goldman Sachs Group, Inc. have begun a collaboration that requires BNY to use blockchain technology developed by Goldman Sachs to maintain a record of customers’ ownership of select money market funds (MMFs), representing an enhancement of “the utility and transferability of existing MMF shares,” officials… 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 >>
Prometheum Bolsters Support for On-Chain Securities
Officials at Prometheum Inc., a market infrastructure provider for blockchain-native securities, report that they have registered Prometheum Coinery LLC as a digital transfer agent with the U.S. Securities and Exchange Commission (SEC) and acquired ProFinancial Inc., an SEC-registered and FINRA-member broker-dealer. These actions make Prometheum “one of the only platforms to offer end-to-end lifecycle support… Read More >>
