The Bank for International Settlements has completed a pilot with four central banks as part of its Project mBridge initiative that aims to deliver cross-border payments between commercial banks using central bank digital currencies
The deal, which is expected to complete by the end of Q3 2023 subject to approvals, will include custody and global custody FX, securities lending, fund services and middle office, along with RBC Investor Service’s service centre in Malaysia
The US regulator observes that from the 10,000 tokens currently issued in the digital asset marketplace, the large majority of these are securities and are covered under existing securities laws
This service is designed to enable Citi’s financial institution customers to make USD payments 24 hours per day, 7 days per week including public holidays
European issuers can now utilise Clearstream’s D7 infrastructure to issue digital securities, with LBBW and Vontobel conducting the first automated issuances in a process facilitated by Clearstream
Through this collaboration, Delta Capita’s clients will benefit from Yield.io’s model risk management technology, enabling a user to manage model risk and to streamline model development and validation in one platform
Following its collaboration with Bolsa Mexicana, this partnership represents the latest step in Deutsche Börse’s efforts to extend its market data and information services in Latin America
In a newly published white paper, DTCC notes that quantum computing may enable firms to analyse complex problems that cannot be solved using current computing methods, but it may also expose vulnerabilities in existing systems
