Aduro Advisors is partnering with financial compliance solutions provider Fenergo so that the fund administrator can offer its clients new protections that meet the requirements of the Financial Crimes Enforcement Network (FinCEN) anti-money laundering (AML) rule that goes into effect Jan. 1, 2026, officials say. This past August, FinCEN issued a final rule “to help… Read More >>
DTCC Joins Tokenization Standards Group
Post-trade infrastructure provider the Depository Trust & Clearing Corp. (DTCC) has joined a non-profit organization, the ERC3643 Association, that is focused on the development of a standardized tokenization framework and will be combining its technology with the ERC3643 token standard. The ERC3643 Association was created to bring together “the expertise and resources of its members… Read More >>
Principal Asset Management Taps SS&C Again
Principal Asset Management, the investment management division of Principal Financial Group, has extended its transfer agency relationship with SS&C Technologies, which will help the firm oversee public and private investment capabilities, multi-asset strategies, and retirement solutions. “SS&C Global Investor & Distribution Solutions will provide a full range of fund services to Principal’s 114 mutual funds,… Read More >>
Trump Media & Crypto.com to Launch Digital Asset ETFs
Trump Media and Technology Group Corp. (TMTG), operator of the social media platform Truth Social, is launching digital asset-based exchange-traded funds and exchange-traded products via a non-binding agreement with Crypto.com, a crypto trading platform, officials say. The instruments will be offered through the Truth.Fi brand. “The ETFs, made available through Crypto.com’s broker dealer Foris Capital… Read More >>
Are Firms Heading Toward a Recs-Related Disaster?
Many firms could be heading for “an operational disaster” caused by rising transactional volumes, soon-to-be-overwhelmed manual reconciliation processes, and a reliance on legacy systems, and outdated technology, according to a new report “The Tipping Point for Asset Management Operations: The rising costs of operational complacency” from provider AutoRek. The report, based on securities industry surveys,… Read More >>
STP Investment Services Unveils ‘STP LaunchAdvisor’
Investment operations solutions provider STP Investment Services has just unveiled STP LaunchAdvisor, a bundle of services — fund administration, investor services, regulatory filings, and core policies — targeting exempt reporting advisers and private fund managers. “The offering integrates fund administration and compliance into a single, cost-effective solution, eliminating the need for multiple service providers and… Read More >>
BNY Invests in EquiLend & Will Use ‘1Source’
The Bank of New York Mellon Corp. has made an undisclosed minority investment in EquiLend, a technology, data, and analytics solutions provider for the securities finance industry, and BNY along with eight other financial institutions making strategic investments will advise EquiLend on further innovation and efficiency in securities finance transactions. BNY will also be among… Read More >>
SEC Roundtables Take On Crypto & A.I.
The SEC is hosting key industry roundtables this month – one will be a series of roundtables on the regulation of cryptocurrencies, and the other will be a one-day event on the governance of artificial intelligence (A.I.). The SEC’s newly formed Crypto Task Force “will host a series of roundtables to discuss key areas of… Read More >>
Can Tokenization Save Asset Managers $135 Billion?
Tokenization is “the process of transforming asset ownership into digital tokens on a blockchain,” and it could also be one of the fastest ways for the asset management industry to save $135 billion by trimming the costs associated with traditional fund accounting, transfer agencies, compliance monitoring, and regulatory reporting. This is according to the recently… Read More >>
U.K. Fires Starting Gun on T+1 Settlement
The U.K. Accelerated Settlement Taskforce (AST) has officially kicked off the transition to a T+1 settlement cycle, with backing from the U.K. government, the Bank of England, and the U.K. regulator, the Financial Conduct Authority (FCA). The switch is set for October 11, 2027, marking a major operational shift for UK financial services firms. AST… Read More >>
