February 2025 – Page 9

Nasdaq Introduces Cryptocurrency Custody Service

Stock market operator Nasdaq is making a significant move into the cryptocurrency space by launching a digital asset custody service aimed at institutional investors. Led...

AFME Advises Caution Regarding Europe’s Shift to T+1 Settlement System

A move by Europe to a one-day settlement cycle (T+1) could offer significant advantages, but several obstacles must be addressed, according to a report from...

Wall Street Titans Participate in $60 Million AccessFintech Funding Round

Capital markets specialist AccessFintech has secured $60 million in a Series C funding round, led by WestCap and supported by several major banks, including BNY...

UK Communications Regulator Initiates Investigation into Cloud Competition

Ofcom has initiated an investigation into major cloud service providers Amazon, Microsoft, and Google, which collectively account for approximately 81% of revenues in the UK...

Swift to Provide Comprehensive Insights into Post-Trade Processing

Following a successful pilot, Swift is preparing to launch a service aimed at enhancing transparency in post-trade processing and reducing settlement failures. Swift Securities View...

Swift Develops Proof-of-Concept for Blockchain Interoperability

Interbank cooperative Swift is collaborating with Chainlink on a pilot project aimed at providing network interoperability across various blockchain platforms. Swift and Chainlink have developed...

CommBank’s x15Ventures Backs Xccelerate Winner Gable

CommBank's venture scaling arm, x15Ventures, has invested in the Seattle-based data management startup Gable, which triumphed among fintechs in the latest Xccelerate24 programme. Founded in...

Swift Finalizes Experiments with Tokenized Assets

A Swift-led pilot has successfully established a common framework that links tokenisation systems between Central Securities Depositories (CSDs) and global custodians. Currently, the market capitalisation...

Industry Reasserts Opposition to Basel Committee’s Crypto Proposals

A coalition of industry associations has expressed opposition to the Basel Committee on Banking Supervision's second consultation regarding the regulations governing financial institutions' investments in...

EBA Issues Tender for Crypto and Blockchain Data Management Solution

The European Banking Authority (EBA) has issued a call for tender seeking blockchain analytics services and data related to crypto-assets markets. The EBA aims to...