Northern Trust forms new Digital Assets group to be led by Justin Chapman
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Northern Trust forms new Digital Assets group to be led by Justin Chapman 24 June 2022US Reporter: Jenna Lomax
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Following the growth of digital markets alongside the continued evolution of traditional securities services, Northern Trust has formed the Digital Assets and Financial Markets group, to be led by industry veteran Justin Chapman, global head of market advocacy innovation and research at the firm.
The new group combines the teams responsible for supporting the fast-growing digital asset markets and those dedicated to providing market access and insights across the traditional securities services markets.
The news comes in the same week Citi selected METACO to develop and pilot its digital asset custody capabilities.
Commenting on Northern Trust’s new initiative, Chapman says: “Traditional and digital markets already co-exist and the boundaries between the two will only continue to blur over time.
“At the same time as more institutional investors are entering the digital arena, the rest of the securities industry is also facing an unprecedented amount of change arising from new regulation, market evolution and the development of emerging technology capabilities.”
He adds: “For investors wishing to navigate this environment, our new combined group will provide access to market-leading expertise, industry insights and continued innovations across all markets and all asset classes.”
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