Northern Trust to Provide Asset Servicing Solutions for BondEvalue’s Distributed Ledger Technology-based Bond Trading Platform
SINGAPORE, Nov 13 (Bernama-BUSINESS WIRE) -- Northern Trust (Nasdaq:NTRS) and BondEvalue today announce a strategic partnership to deliver integrated asset servicing and digital solutions for fractional ownership of fixed income bonds. BondEvalue’s regulated platform will facilitate trading of fractionalised investable assets based on wholesale bonds, while Northern Trust will be its exclusive asset servicing provider.
BondEvalue’s platform combines the power of blockchain-based distributed ledger technology (DLT) to enable enhanced transparency and liquidity, while making institutional grade investment opportunities available to new classes of investors.
This partnership follows the recent news that the BondEvalue platform had been granted permission to enter the Monetary Authority of Singapore’s Sandbox Express to launch its blockchain-based bond exchange.
Justin Chapman, global head of Market Advocacy & Innovation Research at Northern Trust said: “Northern Trust is a strong advocate for the potential of blockchain. Our partnership with BondEvalue has the potential to allow a wider group of investors access to investments which were historically only available to larger institutions. It enables us to continue to lead and develop future market solutions supported by our focus on digitisation and blockchain technology innovation.”
Rahul Banerjee, founder, BondEvalue, said: “We are excited to work with Northern Trust in making bond markets more efficient and transparent for bond investors, via our fractional bond exchange. It is important for us to have a partner who recognises the potential of DLT and is nimble in their technological adoption. As we journey towards making bonds more widely accessible, we are delighted to have Northern Trust as a partner who offers investors and exchange participants the confidence in the integrity of the platform offering.”
Yen Leng Ong, country executive for Southeast Asia at Northern Trust, added: “Singapore has an advanced regulatory framework which enables the establishment of our relationship with BondEvalue. The partnership is a further step in our blockchain technology capability buildout for Asia-Pacific. And this marks a significant milestone for the Singapore branch, as Northern Trust’s regional headquarters.
The Memorandum of Understanding between Northern Trust and BondEvalue was signed on 5 November 2019.
About Northern Trust
Northern Trust Corporation (Nasdaq:NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 20 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2019, Northern Trust had assets under custody/administration of US $11.6 trillion, and assets under management of US $1.2 trillion. For 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.
About BondEvalue
BondEvalue is a Singapore based fintech that has been changing the Asian fixed income markets since 2016. The founders have decades of leadership experience in debt markets, on both business and technology sides. BondEvalue brings innovation to bond price discovery, AI-based news, analytics, and delivers these services via mobile, web and APIs. In November 2019, BondEvalue unveiled the world’s first blockchain-based bond exchange that allows investors to trade BondbloX, which are $1,000 fractions of traditional wholesale bonds. The platform operates on a B2B2C model and connects to the end investor via their bank or broker. Please visit bondevalue.com for further information. More details can be found on www.bondevalue.com.
http://mrem.bernama.com/viewsm.php?idm=36112
Thursday, November 14, 2019
TASSAT'S ACQUISITION OF SEF REGISTRATION APPROVED BY CFTC
This SEF transfer approval marks an important milestone in Tassat’s plan to launch its cryptocurrency derivatives exchange and list its first contract
NEW YORK, Nov 11 (Bernama-BUSINESS WIRE) -- Tassat Group LLC, a global provider of financial technologies and products for the traditional and digital asset markets announced today that the CFTC has approved its acquisition of a Swap Execution Facility (“SEF”) registration.
With this transfer approval, Tassat will move forward with plans to list its first cryptocurrency derivative product, an institutional-focused, margined, physically-deliverable Bitcoin swap. This derivative contract will be listed on its own SEF registered as Tassat Derivatives LLC, a wholly owned subsidiary of Tassat Group LLC.
Tassat will be providing additional details about its Bitcoin swap contract, the development of its exchange and will be announcing a formal launch date in the near future.
NEW YORK, Nov 11 (Bernama-BUSINESS WIRE) -- Tassat Group LLC, a global provider of financial technologies and products for the traditional and digital asset markets announced today that the CFTC has approved its acquisition of a Swap Execution Facility (“SEF”) registration.
With this transfer approval, Tassat will move forward with plans to list its first cryptocurrency derivative product, an institutional-focused, margined, physically-deliverable Bitcoin swap. This derivative contract will be listed on its own SEF registered as Tassat Derivatives LLC, a wholly owned subsidiary of Tassat Group LLC.
Tassat will be providing additional details about its Bitcoin swap contract, the development of its exchange and will be announcing a formal launch date in the near future.
- Tassat has been actively on-boarding institutional participants (eligible contract participants or ECPs) and running User Acceptance Tests
- The Bitcoin swap will be traded view a central limit order book
- Shortly after the initial launch, Tassat plans to introduce additional ECP-focused workflows including Request for Quote (RFQ) and block trading functionality.
The transfer of the SEF registration was made effective on November 6, 2019.
Thomas Kim, Tassat CEO said: “Having a Swap Execution Facility will enable Tassat to bring to market the flexible and innovative derivative products our institutional customers need to efficiently manage digital asset risk. Additionally, our exchange will provide the workflows and infrastructure needed to gain exposure, trade and hedge digital assets in much the same way as in other traditional asset classes. We look forward to working closely with the institutional community and the CFTC to make this a reality”.
Tassat has been working closely with buyside traders and liquidity providers to develop its products.
Philippe Bekhazi, CEO of XBTO said: "We are keen to transact with a new physically deliverable swap product and look forward to participating in Tassat’s exchange. We have been active participants in their UAT and believe they will be introducing a product that will help drive the industry forward."
John Slazas Managing Partner at DARMA Capital said: “We are thrilled to see an exchange enter the market that is focused on offering innovative and regulated products. This is a positive step in the continued maturation of the digital currency asset class. We’ve watched Tassat grow and are excited to see them achieve this milestone as they move one step closer to offering products which we look forward to trading."
Upon launch, Tassat will join the CME and Bakkt in being among the first US venues to offer CFTC-regulated cryptocurrency derivatives products. Thereafter Tassat plans to introduce additional derivatives products encompassing a range of underlying assets, durations and contract types to meet the needs of a wider range of institutional participants.
About Tassat
Tassat LLC, a New York-based global financial technology company, provides innovative solutions to financial markets utilizing blockchain-based technologies to enable frictionless asset transfer and settlement. In addition to developing and introducing this leveraged physically-deliverable Bitcoin derivatives for institutional investors, Tassat has developed the first IOSCO compliant OTC reference rates for Bitcoin and Ethereum based on executable bid-offer data from over 10 institutional market makers. Tassat also built the first blockchain-powered 24/7/365 payments platform approved by the NYDFS for a New York based commercial bank.
For additional information, please visit www.tassat.com or connect with the Company on Twitter or LinkedIn.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20191108005300/en/
Contact
Media:
Articulate Communications
tassat@articulatecomms.com
646-661-4223
Source : Tassat Group LLC
--BERNAMA
Thomas Kim, Tassat CEO said: “Having a Swap Execution Facility will enable Tassat to bring to market the flexible and innovative derivative products our institutional customers need to efficiently manage digital asset risk. Additionally, our exchange will provide the workflows and infrastructure needed to gain exposure, trade and hedge digital assets in much the same way as in other traditional asset classes. We look forward to working closely with the institutional community and the CFTC to make this a reality”.
Tassat has been working closely with buyside traders and liquidity providers to develop its products.
Philippe Bekhazi, CEO of XBTO said: "We are keen to transact with a new physically deliverable swap product and look forward to participating in Tassat’s exchange. We have been active participants in their UAT and believe they will be introducing a product that will help drive the industry forward."
John Slazas Managing Partner at DARMA Capital said: “We are thrilled to see an exchange enter the market that is focused on offering innovative and regulated products. This is a positive step in the continued maturation of the digital currency asset class. We’ve watched Tassat grow and are excited to see them achieve this milestone as they move one step closer to offering products which we look forward to trading."
Upon launch, Tassat will join the CME and Bakkt in being among the first US venues to offer CFTC-regulated cryptocurrency derivatives products. Thereafter Tassat plans to introduce additional derivatives products encompassing a range of underlying assets, durations and contract types to meet the needs of a wider range of institutional participants.
About Tassat
Tassat LLC, a New York-based global financial technology company, provides innovative solutions to financial markets utilizing blockchain-based technologies to enable frictionless asset transfer and settlement. In addition to developing and introducing this leveraged physically-deliverable Bitcoin derivatives for institutional investors, Tassat has developed the first IOSCO compliant OTC reference rates for Bitcoin and Ethereum based on executable bid-offer data from over 10 institutional market makers. Tassat also built the first blockchain-powered 24/7/365 payments platform approved by the NYDFS for a New York based commercial bank.
For additional information, please visit www.tassat.com or connect with the Company on Twitter or LinkedIn.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20191108005300/en/
Contact
Media:
Articulate Communications
tassat@articulatecomms.com
646-661-4223
Source : Tassat Group LLC
--BERNAMA
Wednesday, November 13, 2019
Ceylon Graphite subsidiary receives Environmental Protection License for Sri Lanka project
KUALA LUMPUR, Nov 12 -- Ceylon Graphite Corp (Ceylon Graphite) has announced its wholly owned subsidiary, Sarcon Development (Pvt) Ltd (Sarcon) was granted an Environmental Protection License (EPL) for its K1 Graphite Mining Project at Karasnagla, Sri Lanka.
The License from the Central Environmental Authority bearing No 17501 (R0) dated Oct 14 under provisions of the National Environmental Act 47 of 1980 and amended by Acts No 56 of 1988 and No 53 of 2000, of the Government of Sri Lanka.
“Sarcon looks forward to working closely with the CEA and other Government Departments in Sri Lanka with the aim of being environmentally conscious and abiding with all the rules set by the authorities as our business grows,” said chief executive officer, Bharat Parashar.
The CEA is the Environmental Regulator in Sri Lanka and was established by an Act of Parliament, according to a statement.
The company also announced that a subsidiary of Sarcon, BPA Lanka (Private) Ltd has purchased land next to the K1 project that will allow the company to construct an adit from the main shaft.
In the same statement, the company also announced its director, George Smitherman’s resignation.
More information at https://www.ceylongraphite.com.
-- BERNAMA
The License from the Central Environmental Authority bearing No 17501 (R0) dated Oct 14 under provisions of the National Environmental Act 47 of 1980 and amended by Acts No 56 of 1988 and No 53 of 2000, of the Government of Sri Lanka.
“Sarcon looks forward to working closely with the CEA and other Government Departments in Sri Lanka with the aim of being environmentally conscious and abiding with all the rules set by the authorities as our business grows,” said chief executive officer, Bharat Parashar.
The CEA is the Environmental Regulator in Sri Lanka and was established by an Act of Parliament, according to a statement.
The company also announced that a subsidiary of Sarcon, BPA Lanka (Private) Ltd has purchased land next to the K1 project that will allow the company to construct an adit from the main shaft.
In the same statement, the company also announced its director, George Smitherman’s resignation.
More information at https://www.ceylongraphite.com.
-- BERNAMA
Monday, November 11, 2019
AXIOMSL RECOGNISED AS BEST SOLUTION FOR ‘RISK DATA AGGREGATION AND REPORTING’
KUALA LUMPUR, Nov 8 (Bernama) -- -AxiomSL, a regulatory reporting and risk management solutions provider has bagged the best solution for ‘Risk Data Aggregation and Reporting’ by Chartis Research.
Chartis Research is a provider of research and analysis on the global market for risk technology.
According to AxiomSL founder and chief executive officer, Alex Tsigutkin, this was meaningful as it recognises AxiomSL’s ControllerView® data integrity and control platform and its risk capital calculation and reporting solution.
“Data integrity is a fundamental precondition for a comprehensive risk data aggregation infrastructure as it provides senior management with an accurate picture of the organisation’s risk exposures.
“Combined with our robust data-lineage module, ControllerView provides executives with an audit-enabled view of risk exposures and enables attestation to the data’s timeliness, completeness and accuracy,” said Tsigutkin.
AxiomSL combines its deep industry experience and intelligent data-management platform to deliver solutions and services around regulatory and risk reporting, liquidity, capital and credit, operations, trade and transactions and tax analytics.
More details at https://www.axiomsl.com/
-- BERNAMA
Chartis Research is a provider of research and analysis on the global market for risk technology.
According to AxiomSL founder and chief executive officer, Alex Tsigutkin, this was meaningful as it recognises AxiomSL’s ControllerView® data integrity and control platform and its risk capital calculation and reporting solution.
“Data integrity is a fundamental precondition for a comprehensive risk data aggregation infrastructure as it provides senior management with an accurate picture of the organisation’s risk exposures.
“Combined with our robust data-lineage module, ControllerView provides executives with an audit-enabled view of risk exposures and enables attestation to the data’s timeliness, completeness and accuracy,” said Tsigutkin.
AxiomSL combines its deep industry experience and intelligent data-management platform to deliver solutions and services around regulatory and risk reporting, liquidity, capital and credit, operations, trade and transactions and tax analytics.
More details at https://www.axiomsl.com/
-- BERNAMA
VISTAJET CROWNED BEST OPERATOR FOR THE FOURTH CONSECUTIVE YEAR
Company’s unmatched operational standards and service excellence win recognition at the AsBAA Icons of Aviation Awards 2019
HONG KONG, Nov 7 (Bernama-GLOBE NEWSWIRE) -- VistaJet, the first and only global private aviation company, continues an outstanding 2019 by being crowned Asia’s best operator for the fourth consecutive year at the AsBAA Icons of Aviation Awards. The honor celebrates excellence and recognizes best practices in the private aviation industry across the continent, and comes following VistaJet’s receipt of the inaugural award for Most Innovative Company at the 2018 ceremony.
VistaJet is celebrating its 15-year anniversary in 2019, having transformed from a start-up with two aircraft in Europe to a global aviation unicorn with more than 70 long-range jets. A leading innovator in the industry, VistaJet has continued to see record growth year on year, with a 31% increase in new Members in 2018 and a 25% rise in flights globally. Asia performed strongly with a 26% growth in flights, and the momentum continues with the launch of customer-centric programs including VistaPet, the most comprehensive global pet travel program, and VistaJet World, a portfolio of once-in-a-lifetime exclusive global travel experiences.
In October 2019, VistaJet announced that it will introduce the first fleet of Bombardier Global 7500 aircraft, entering service from January 2020. The Global 7500 is the largest and longest-range business jet available on the market today. Its ultra-long-range flight capability and large cabin with four living spaces, including a permanent private stateroom suite, are particularly appealing to customers in Asia, where long-haul comfort is highly sought after. The jet can fly non-stop over popular long-range routes such as Hong Kong to New York and Singapore to San Francisco, and can cut travel time by up to 21% compared to the next fastest jet, offering the ultimate private flying experience in terms of productivity and efficiency.
http://mrem.bernama.com/viewsm.php?idm=36040
HONG KONG, Nov 7 (Bernama-GLOBE NEWSWIRE) -- VistaJet, the first and only global private aviation company, continues an outstanding 2019 by being crowned Asia’s best operator for the fourth consecutive year at the AsBAA Icons of Aviation Awards. The honor celebrates excellence and recognizes best practices in the private aviation industry across the continent, and comes following VistaJet’s receipt of the inaugural award for Most Innovative Company at the 2018 ceremony.
VistaJet is celebrating its 15-year anniversary in 2019, having transformed from a start-up with two aircraft in Europe to a global aviation unicorn with more than 70 long-range jets. A leading innovator in the industry, VistaJet has continued to see record growth year on year, with a 31% increase in new Members in 2018 and a 25% rise in flights globally. Asia performed strongly with a 26% growth in flights, and the momentum continues with the launch of customer-centric programs including VistaPet, the most comprehensive global pet travel program, and VistaJet World, a portfolio of once-in-a-lifetime exclusive global travel experiences.
In October 2019, VistaJet announced that it will introduce the first fleet of Bombardier Global 7500 aircraft, entering service from January 2020. The Global 7500 is the largest and longest-range business jet available on the market today. Its ultra-long-range flight capability and large cabin with four living spaces, including a permanent private stateroom suite, are particularly appealing to customers in Asia, where long-haul comfort is highly sought after. The jet can fly non-stop over popular long-range routes such as Hong Kong to New York and Singapore to San Francisco, and can cut travel time by up to 21% compared to the next fastest jet, offering the ultimate private flying experience in terms of productivity and efficiency.
http://mrem.bernama.com/viewsm.php?idm=36040
Thursday, November 7, 2019
Monday, November 4, 2019
SweeGen defends, protects Reb M intellectual property
KUALA LUMPUR, Oct 30 -- Stevia-based sweetener company, SweeGen has defended and protected its production of Reb M by its highly titer-effective and cost-effective patent-protected process - Reb M produced via Reb D4.
SweeGen’s statement is in response to what it says were distorted claims about intellectual property made by PureCircle in the media today.
On this basis, SweeGen has no doubt that the upcoming patent litigation with its competitor, PureCircle will vindicate its rights in the Reb M marketplace.
In its recently published international patent application PCT/US/2017/056457, SweeGen, the exclusive licensee, disclosed its Reb M via Reb D4 process and expects the claims to grant.
SweeGen is confident that it will prevail not only in the upcoming litigation with PureCircle, but also in the marketplace for sweeteners generally, as being the pioneer of successful production of high purity non-GMO rebaudiosides, and in particular of Reb M.
More information at www.sweegen.com.
-- BERNAMA
SweeGen’s statement is in response to what it says were distorted claims about intellectual property made by PureCircle in the media today.
On this basis, SweeGen has no doubt that the upcoming patent litigation with its competitor, PureCircle will vindicate its rights in the Reb M marketplace.
In its recently published international patent application PCT/US/2017/056457, SweeGen, the exclusive licensee, disclosed its Reb M via Reb D4 process and expects the claims to grant.
SweeGen is confident that it will prevail not only in the upcoming litigation with PureCircle, but also in the marketplace for sweeteners generally, as being the pioneer of successful production of high purity non-GMO rebaudiosides, and in particular of Reb M.
More information at www.sweegen.com.
-- BERNAMA
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