Switzerland’s exchange operator SIX is acquiring a stake in Daura, an equity tokenization start-up central to plans for a digital assets “ecosystem” together with Swisscom and others. Also entering is “digital asset bank” Sygnum – while Deutsche Börse says goodbye.
Mutual clients of custody giant BNY Mellon and Danish system provider Simcorp are target, as the two launch a collaboration to optimize data integration with open architecture, enabling more automation.
After proof-of-concept success, together with Swisscom and several other partners, the German exchange giant sees the foundation laid ”for a leap in efficiency in post-trade services”. A Swiss transaction in a listed share was settled against cash across DLT platforms.
On stage at PostTrade 360 Amsterdam, Charles-Raymond Boniver, member of the DLT working group of global industry association ISSA, gave a brief on his organisation’s new paper on crypto assets and other post-trade DLT considerations. Now the full report is made public.
Urs Sauer – chair of the working group on digital ledger technology (DLT) with the International Securities Services Association (ISSA) – summed up the industry’s current view on crypto assets in a session at PostTrade 360 Helsinki.
Commerzbank, Deutsche Börse and asset manager MEAG will proceed together in their quest for blockchain-enabled post-trade models. A prototype involving delivery-vs-payment, as well as collateralisation with Eurex Clearing, already succeded.