Financial institutions of all sizes will be to clear and settle tokenised deposit transactions.
Tokenized fund holders can exchange shares for RLUSD 24/7, unlocking additional onchain transfers.
The strategic combination expands the firms’ ability to serve European institutional investors.
The move to T+1 settlement is one of the most significant changes to UK post-trade operations.
It is important for prime brokers to provide 24/7 access as traditional and digital assets converge.
Seth Bernstein to retire as CEO on 31 March 2027.
The proposals relate to a regulatory framework for Board-supervised payment stablecoin issuers.
MIAX also increased net capital in the FCM, Dorman Trading, by $40m.
Tokenization has the potential to reshape how investors access private and public financial markets.
