Global asset manager Franklin Templeton has launched the “Intraday Yield” feature for its Benji Technology Platform, a proprietary blockchain-integrated stack for the trading, management, and administration of token-based investments, officials say. The Intraday Yield service is intended to provide “proportional calculation and distribution of yield, down to the second, when a tokenized security is transferred… 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 >>
Ondo Finance Previews Tokenization Platform
Ondo Finance, a maker of blockchain-based financial infrastructure offerings, unveiled a tokenization platform, dubbed Ondo Global Markets, for publicly-traded securities, and Ondo Chain, a new Layer 1 blockchain for “institutional-grade, on-chain financial markets,” officials say. The offerings to come were announced on Feb. 6 at the Ondo Summit in New York City, which also included… Read More >>
Digital Custody Can Be Part of a Unified Strategy
(Many in the securities industry are getting ready to accommodate client demands for digital and crypto-based assets, particularly those working in the back office. One such industry participant is Apex Group, which describes itself as a single-source solution provider for capital raising and advisory services, fund services, management company services, digital banking, depositary, custody, corporate… Read More >>
Ops FMIs Propose Blueprint to Safeguard Digital Assets
DTCC, Clearstream, and Euroclear in conjunction with Boston Consulting Group (BCG) are launching “a comprehensive risk and control framework” for the digital assets industry, including tokenized assets, and the trio asserts the timing is right for such a blueprint. The blueprint, dubbed the Digital Asset Security Control Principles (DASCP) framework, is detailed in a white… Read More >>
DTCC Embraces Digital Asset Ops via Securrency Acquisition
Post-trade infrastructure provider DTCC is acquiring a tokenization infrastructure company Securrency Inc., led by CEO Nadine Chakar, creating a bridge to the “acceptance and adoption of digital assets” in securities operations, DTCC officials say. After the acquisition is finalized, Securrency, whose offerings include its Capital Markets Platform, Compliance Aware Token Framework, and Digital Asset Composer,… Read More >>
Asset Tokenization Could Reinvent Post-Trade Ops: Report
Asset tokenization holds a lot of promise for traditional capital markets, particularly via the underlying blockchain technology. But getting to the new benefits could mean a gradual replacement of some incumbent post-trade platforms, systems, and services. That’s what David Easthope tells FTF News. Easthope is a senior analyst covering market structure and technology for the… Read More >>
Regulated Tokens Could Greatly Reduce Settlement Burdens: Q&A
(Anthony Culligan, the chief engineer at SETL, a London-based blockchain vendor, recently authored a whitepaper, “Realizing the Regulated Internet of Value,” focusing on regulation and the phenomenon of tokenization via blockchains/distributed ledger technology (DLT). Culligan argues that tokenization could profoundly streamline middle- and back-office operations and facilitate a generic way to own and trade regulated… Read More >>
DTCC Proposes Post-Trade Framework for Token Platforms
Post-trade systems and services provider DTCC is acknowledging that an emerging disruptive trend — tokenized securities — may soon need a legal and regulatory framework formulated via regulators, trading venues, and the post-trade operations staffs of industry participants. The DTCC is also acknowledging that because of its unique position in the securities operations industry, it… Read More >>
