For middle- and back-office operations teams, the industry’s accelerating push into tokenized assets threatens to fundamentally disrupt legacy post-trade infrastructure. When Franklin Templeton (FT) and Kraken (via its parent company, Payward) announced a strategic collaboration to bring co-designed, tokenized ETFs on-chain, the front office heralded it as a major milestone. The deal expands on Franklin… Read More >>
SEC Approves a Blockchain-Native Clearing Agency
The U.S. Securities and Exchange Commission (SEC) has approved the first, and for now the only, blockchain-native clearing agency — the Paxos Securities Settlement Co., LLC (PSSC), a subsidiary of blockchain infrastructure platform provider Paxos, officials say. PSSC, which will be governed by Section 17A of the Securities Exchange Act of 1934, is now able… Read More >>
Data from SIX Exchanges Available via Chainlink
SIX, a financial data and exchanges company, and Chainlink, a decentralized blockchain oracle network, have announced that equities data from the exchanges of SIX is available on-chain for the first time, officials say. The data will be offered to more than 2,600 applications in the Chainlink system across 75+ public and private blockchains. “Live on… Read More >>
Digital Asset Securities Need Ops Interoperability: Report
Digital asset securities (DAS) that leverage digital ledger technology (DLT), also known as blockchains, are gaining acceptance and integration into global capital markets. However, a push for interoperability across key facets of the digital asset landscape is needed before digital securities can truly take off. According to officials at DTCC, Clearstream, and Euroclear, in collaboration with Boston Consulting Group (BCG),… Read More >>
CDM Is a Good Fit for DLT: Q&A
(Securities operations rely on software, software-based systems, and a web of application links that offer essential integrations. What can help Ops teams in these situations are models that ease the implementation challenges. One such aid is the Common Domain Model (CDM), a financial product and event model that includes code generators, producing software libraries in… Read More >>
Sibos II: Chainlink Pushes for a Corporate Actions Breakthrough
The Sibos 2025 conference in Frankfurt, Germany, recently concluded, but there were Ops developments on several fronts — corporate actions processing, collateral management, managed services, and financial crime prevention — which are chronicled in this news wrap. Chainlink Advances Corporate Actions Collaboration Chainlink, an Ethereum-based provider of decentralized “oracle” networks, is building upon a… Read More >>
BNP Paribas & HSBC Join the Canton Foundation
BNP Paribas and HSBC have joined the Canton Foundation, which is the overseer of the Canton Network, said to be the only permissioned blockchain for the financial services industry, officials say. BNP Paribas and HSBC are the latest additions to a roster of more than 30 members, including Broadridge Financial Solutions, Tradeweb, Digital Asset, Goldman… Read More >>
‘Lynq’ Settlement Network for Digital Assets Launches
A real-time, yield-bearing settlement network, dubbed Lynq, has launched with the backing of Arca Labs, Tassat Group, and tZERO Group. It is supported by a tokenized treasury fund and custodied via a special-purpose broker-dealer. “This announcement comes after more than a year of market engagement, platform development, and the creation of the Arca Institutional U.S…. Read More >>
Digital Assets & DLT Grow in Popularity & Risk
Distributed ledger technology (DLT) and digital assets are becoming the preferred way to meet cash and liquidity requirements for digital securities settlements, according to a report from Citi Securities Services. However, the Bank for International Settlements (BIS) is cautioning that banks using permissionless a.k.a public blockchains face “risks related to operations and security, governance, legal,… Read More >>
DLT-Based Ops Will Need Guardrails: Report
As more securities operations use distributed ledger technology (DLT), policymakers, regulators, and market participants need to identify regulation, supervision, and risk management practices that “support appropriate stability and protections for all industry stakeholders,” according to a new report, “The Impact of Distributed Ledger Technology in Global Capital Markets.” The report is the result of a… Read More >>
