A new survey-based report finds that buy-side firms are embracing tokenization strategies because they will broaden the investor community by “democratizing access to tokenized assets,” and more than half of survey respondents have a team focused on tokenization-related or digital assets initiatives. The new report, “Tokenization gaining altitude: From pilot projects to industry standard,” is… Read More >>
Partnership Brings Proxy Voting to Tokenized Securities
Post-trade systems and services provider Broadridge Financial Solutions is partnering with Ondo Finance, a blockchain-native company that can tokenize real-world assets, to unlock proxy voting capabilities for “holders of third-party tokenized stocks and ETFs,” officials say. “Through this integration with a new Web3-enabled solution developed by Broadridge, holders of more than 250 Ondo tokenized stocks… Read More >>
Northern Trust Readies Tokenized Asset Custody via Canton Network
Northern Trust is collaborating with Digital Asset Holdings, the founder of the Canton Network, a public blockchain developed for financial services firms in need of secure and interoperable transactions. The collaboration will need the Canton Network for the custody capabilities for tokenized financial assets to come. The Northern Trust effort is in response to its… 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 >>
Is Tokenization an Operational Overhaul?
Does tokenized finance represent an institutional and operational overhaul even though the securities industry has been focused on the wonders of distributed ledger technology (DLT), a.k.a. blockchains, that undergirds tokenization? Tobias Adrian, the financial counsellor and director of the monetary and capital markets department of the International Monetary Fund (IMF), makes the case that the… 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 >>
The Fed Clarifies How to Handle Tokenized Securities
The tokenization of securities must be taking off as Federal Reserve officials have recently compiled a useful set of frequently asked questions (FAQs), entitled “Capital Treatment of Tokenized Securities Frequently Asked Questions,” that is providing much-needed clarity. Among other helpful aspects, the FAQ sheet offers a definition of tokenized securities via distributed ledger technology (DLT),… Read More >>
BNP Paribas Asset Management Pilots Tokenized MMF
BNP Paribas Asset Management has launched a tokenized share class of a French‑domiciled money market fund that is recorded on a public blockchain infrastructure, which marks the firm’s first step in its fund tokenization efforts via a public blockchain infrastructure, officials say. “The initiative relies on a permissioned access model on Ethereum, restricting holding and transfers… Read More >>
NYSE Builds Platform to Transact Tokenized Securities
Tokenized securities are taking a major step toward becoming mainstream as the New York Stock Exchange (NYSE) has been developing a platform that supports the trading and on-blockchain settlement of tokenized securities on a 24/7 basis, officials say. The new digital platform, which will need regulatory approval, will facilitate tokenized transactions via 24/7 operations, “instant… Read More >>
