In collaboration with Digital Asset, Progmat, and four MUFG companies, the proof-of-concept aims to apply blockchain technology to secondarymarket repo activity by enabling automated lifecycle processes and realtime settlement
According to the institutional hedge fund market intelligence platform, this signified investor scrutiny as to whether the massive spending on AI is starting to pay off
According to the firm, this milestone is an important step towards improving collateral mobility in the Canadian repo market with full automation of repo collateral and unlimited real-time substitution
LTP will join the consortium of DPT partners including EquiLend, Galaxy Digital, and Marex which are working to advance the next phase of institutional digital asset lending infrastructure
The acquisition marks the official launch of Transparence IO, a provider of outsourced securities lending technology, by securities finance veteran Tony Venditti
Andy Smith, formerly of Northern Trust, brings 40 years of experience in securities lending and controls to the role, where he will contribute to the build-out of the firms advisory business
It is the latest European bank to join the Listed Rates service, which provides clearing of US Treasury and SOFR futures traded on LCHs partner FMX Futures Exchange