The non-profit will support the development and adoption of common standards for tokenised financial markets.
The bank plans to expand the solution to more markets over time.
1Source could save securities finance participants millions of dollars through greater operational efficiency.
There is an opportunity to fund the next phase of growth, but it will not stay open indefinitely.
Money, assets and information are moving to always-on, data-rich and programmable digital networks.
By adding onshore capabilities, Citi can do more for clients in China’s domestic capital markets.
The move will consolidate Standard Chartered’s digital asset custody businesses.
Institutions want multi-chain optionality to move wholesale money across both web3 and tradfi ecosystems.
The use of stablecoins is attracting growing attention as a means of advancing payments through blockchain.
