Northern Trust appointed as global custodian by Haycen
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Northern Trust appointed as global custodian by Haycen 27 March 2025UK Reporter: Jack McRae
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Northern Trust has been selected by Haycen to provide global custody and money market fund services.
Luke Sully, founder and CEO of Haycen, comments: “This is a key moment in the evolution of new digital-first financial services and represents a step forward for our stablecoin businesses to be trusted with advancing global commerce.”
The trade finance digital payments provider will receive global custody services for its client fiat deposits from Northern Trust Asset Servicing. Meanwhile, Northern Trust Asset Management will provide cash sweep services.
Ian Hamilton, head of asset owners Europe, Asset Servicing at Northern Trust, comments: “By pairing our client-focused approach with close collaboration with our Northern Trust Asset Management partners, we provide a seamless service experience that helps our clients succeed. We're excited to bring this to our relationship with Haycen.”
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