Securitize, a platform for tokenising real-world assets, has launched the Securitize Tokenized AAA CLO Fund, a tokenised fund dedicated to AAA-rated collateralised loan obligations. The fund has been developed in collaboration with BNY, which will act as custodian for the fund’s underlying assets. The fund will be sub-advised by BNY Investments.
Category: Bank Providers
BNY wins BaaS mandate from WisdomTree
WisdomTree has appointed BNY as its core banking-as-a-service (BaaS) infrastructure provider for WisdomTree Prime, its retail platform for tokenised assets and cryptocurrency. The collaboration between the two firms cements WisdomTree as BNY’s first retail digital assets BaaS client. WisdomTree Prime is claimed to be the first app to provide access to tokenised funds to U.S.…
Thind leaves State Street
Aman Thind has joined JPMorgan Chase as global head of technology strategy and enterprise architecture. He previously spent seven years at State Street, most recently as chief technology officer for State Street Alpha.
NTRS taps Broadridge for class action service
Northern Trust is expanding its global asset recovery capabilities with Broadridge’s proprietary global class action technology, enabling clients to optimise claim recoveries and increase engagement in settlement processes. Enhancements available with the new service include expanded coverage for more than 35 markets and, for the first time, support for opt-in markets where claimants can elect…
BBH to support new Fidelity ETFs
Fidelity International has launched the U.S. Fundamental UCITS ETF range, including the U.S. Fundamental Small-Mid Cap UCITS ETF, the first semi-transparent ETF in Ireland. BBH has been appointed to support the new funds.
Northern Trust wins IFFEd mandate
Northern Trust has been appointed by the Switzerland-based International Finance Facility for Education (IFFEd) to provide global custody services. The World Bank acts as asset manager for IFFEd.
U.S. Bank promotes Ostrowski
U.S. Bank has appointed Scott Ostrowski as senior product manager for accounting, administration & TA within the Global Fund Services team, based in Milwaukee. He has been at the bank for more than 19 years.
HSBC hires senior funds expert from Citi
Conor Hession has joined HSBC as global head of fund accounting & ETF services, based in Hong Kong. He joins from Citi, where he spent 28 years, most recently as an MD responsible for fund services product management & development across APAC.
U.S. Bank wins stablecoin custody mandate
U.S. Bank has been selected to serve as the custodian for reserves backing Anchorage Digital Bank’s payment stablecoins. Anchorage Digital Bank is the only crypto-native bank in the U.S. to hold a federal charter, operating under the direct oversight of the Office of the Comptroller of the Currency. Anchorage Digital Bank launched its stablecoin issuance…
BNPP supports innovative Spanish fund
Azvalor, the Spanish asset manager, has launched its first tokenised investment fund, within the regulatory sandbox of the Spanish National Securities Market Commission (CNMV). This project, developed jointly with Allfunds Blockchain and BNP Paribas acting as depositary bank and fund administrator, introduces an alternative distribution model for UCITS funds. The fund, Azvalor Blockchain FI, represents a structural innovation…