Blockchain pioneer Digital Asset (DA) has received $355 million via a funding round led by Andreessen Horowitz’s crypto venture capital fund — a16z crypto — that will support DA’s next phase of growth for the Canton Network, a public layer-one blockchain whose backers hope will become a shared infrastructure. Officials say that major firms participated… Read More >>
Digital Money Needs More Governance, Infrastructure & Regulatory Clarity
Emerging forms of digital money — tokenized commercial bank money, stablecoins, and wholesale central bank digital currencies — are bringing with them IT efficiencies promising to enhance capital markets transactions. However, policymakers, regulators, and industry participants must provide greater legal and regulatory clarity, a more efficient infrastructure, and tighter governance. This is according to a… Read More >>
Broadridge Builds Bridges to Digital Asset Operations
Broadridge Financial Solutions reports that it is responding in multiple ways to clients who say that digital assets and tokenization are becoming central to their investors’ portfolios. As a provider of multiple services, systems, and applications for securities operations, Broadridge reports that it has extended its governance platform, reached out to Canadian wealth managers, and… Read More >>
A ‘Tough’ Rebuke Spurs a Reset for ASX
In the wake of a final “tough” rebuke by the Australian Securities & Investments Commission (ASIC), officials at the Australian Stock Exchange (ASX) say that reforms intended to transform the IT infrastructure, governance, and culture of the company are well underway, facilitating a reset that ASIC says is necessary. ASIC’s recently released final report found:… Read More >>
CaixaBank to Offer Crypto-Asset Services
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 >>
Securities Tokenization Hits Its Stride
The tokenization of securities is taking off, and securities firms are moving fast to take advantage of what could be a long-promised leap forward via distributed ledger technology (DLT), otherwise known as blockchains. For securities, tokenization is the ownership of a traditional financial asset but expressed as digital tokens tied to a distributed ledger that… 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 >>
Broadridge’s DLR Processed $385B in Repos Last Month
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 >>
