Northern Trust, a traditional custodian bank, is extending its securities safekeeping and related services to the world of tokenized securities.
Danielle Henderson, Sydney-based head of market advocacy and innovation research for Asia Pacific, says the bank is providing custody services for fixed-income securities that back tokens that list and trade on BondEvalue, a digital-asset exchange based in Singapore.
The move represents another example of global financial institutions gradually moving into the blockchain-based world of digital assets – as well as claiming the first trade of a tokenized bond.
Decentralized at that!
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