Full lifecycle of OTC derivative transaction processed in automated and legally-binding process, demonstrating advantages of smart derivative contracts according to trade participants
The acquisition will see Deutsche Boerse further extend its offering for digital assets by providing a direct entry point for investments, including post-trade services such as custody
Hani Kablawi, chairman of International at BNY Mellon, says: “We have a strong regional leadership team in place who play a central role in strengthening our presence in Europe"
LiquidShare was created in 2017 by eight European financial institutions, including AFS Group, BNP Paribas Securities Services, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2iEM and Société Générale
The new platform will feature a wholesale electronic marketplace for spot crypto asset trading, including bitcoin and ethereum, as well as providing connectivity and post-trade infrastructure into a network of digital assets custodians
The new platform provides a paperless process for the delivery of CDs, increasing efficiency through automation, improving data quality, reducing risk, and providing greater transparency into the eligibility lifecycle
