Custody & Clearing
Standard Chartered to offer digital asset custody to SG institutional clients
Standard Chartered to offer digital asset custody to SG institutional clients
It is expected to complement the bank’s financing & securities services in Singapore.
6 days ago
China CITIC Bank Int'l completes first Hong Kong gold clearing trades
It is amongst financial institutions who are first to participate in the system.
Singapore Gulf Bank gains access to J.P. Morgan’s USD clearing network
The bank can receive and credit clients’ incoming funds over weekends and holidays.
Ant International to use UBS’ blockchain platform for global treasury operations
The two companies will also explore joint innovations in tokenised deposits.
State Street completes transfer of Mizuho’s $850b custody business
Mizuho will collaborate with State Street for global custody and related services.
HSBC cuts Philips’ currency transactions in China
‘Netting’ cut Philips’ cross-border transactions from 4,000 yearly to just one a month.
Deutsche Bank, Yonyou ink MOU to enhance treasury management services
They aim to support the globalization strategies of Chinese enterprises.
StanChart unveils cross-currency transactional FX solutions suite
It offers FX payment services across 130 currencies in over 40 markets.
SMBC joins Project Agora to explore tokenized cross-border payments
Project Agora involves BIS and seven central banks globally.
Citi Trust to be acquired by JTC
Citi Trust handles $70b of assets owned by UHNW clients.
Malaysia's bid for BRICS membership to spur banking overhaul
However, challenges abound when moving away from U.S. and SWIFT reliance.
Australia proposes central clearing of bonds and repos
Financial regulators are inviting feedback to reassess its possible implementation.
National Australia Bank arm invests on digital asset custodian Zodia
Zodia aims to onboard Austrlia's home grown digital asset exchanges in its platform.
BSP onboards first non-bank e-money issuer in real-time settlement system
OmniPay no longer needs an existing RTGS participant to sponsor their settlement.
JPMorgan Chase eyes outsourcing Hong Kong, Taiwan custody business
The bank is reportedly in the process of selecting another bank to take over operations.
UOB joins LCH SwapClear and ForexClear as as direct clearing member
UOB is the first SEA bank to join ForexClear as a direct member.
Citi Securities Services joins DLT-powered fractional bond exchange
Citi will provide settlement and custody services in the back end.
Commentary
The stablecoin conversation is missing the everyday user
Stablecoin payments are going mainstream. Hong Kong and APAC are showing how
Why digital assets are set to become mainstream in APAC
Bitcoin’s latest hacks expose where trust really sits in Asia
Singapore's next payments opportunity
DIFC's reforms open new doors for Asian businesses: Is yours ready?
Why Asia’s private wealth industry requires a new era of governance