The distributed ledger technology has the potential to upend traditional custody and settlement. But it must overcome some sizeable challenges if it is to achieve this potential.
Institutional investors and fund managers in Asia are increasingly looking at the potential for blockchain to hasten trade settlement and reduce compliance costs.
The bank's Middle East custody and clearing business now extends to five markets, with the addition of six staff.
Members of the Singapore Stock Exchange can now use Citi for third-party clearing.
BahrainÆs central bank releases a new regulatory framework for custodians.
The multi-currency, multi-market custody and settlement service reduces risk by settling carbon credits simultaneously against cash.