FundsDLT, a distributed ledger market infrastructure, has successfully closed its Series A round of funding, according to the Luxembourg Stock Exchange
State Street will provide services including basket creation, dissemination, settlement, custody, fund accounting, order-taking, financial reporting and transfer agency services to American Century Investments' new suite of funds
The Australian Custodial Services Association has revealed that total assets under custody for Australian investors jumped by 8 percent over the last six months of 2019 to 4.06 trillion
New research from Monetary Insight, an independent fund research company, has revealed that fund assets serviced in Ireland grew by 6 percent reaching $3,903.4 billion at the end of June 2019 compared to $3,677.1 billion in 2018
State Street has reported an increase of 2 percent in fee revenue in Q4 2019, which reflected higher servicing, management and software and processing fees