With an initial focus on structured products, both firms will work to expand the network of financial institutions connecting to Seturion, creating an ecosystem of issuers and brokers across Europe
The rise in average daily trade volumes reflects continued institutional adoption of tokenised real asset settlement at scale and the growing role of distributed ledger technology, the firm says
The project is a collaborative initiative to evaluate how tokenisation and distributed ledger technology can improve bond issuance and settlement in a real-world setting
Figures from EquiLend Data & Analytics show loan balances hit US$4.22 trillion for the month, while the lender-to-broker market generated a record US$871 billion in revenue
The bank will join the platform for its domestic repo operations, and will join the Canadian Derivatives Clearing Corporation to centrally clear its repo operations
