Northern Trust (NTRS) entered into an agreement with Digital Asset Holdings to support the development of custody capabilities for tokenized financial assets. This integration will advance Northern Trust’s broader digital asset strategy as the firm continues to evolve its asset servicing model in response to changing market structures. As part of this agreement, Northern Trust will integrate with Canton Network’s infrastructure to develop and deploy applications that bridge digital and traditional markets, supporting institutional grade custody and asset servicing workflows for network participants. This move also creates opportunities with other regulated partners and financial services utilities that provide services for digitally issued assets. Northern Trust will utilize its digital assets platform to support custody and asset servicing for tokenized assets issued or transacted on the network.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTRS:
- Northern Trust upgraded to Neutral from Sell at Goldman Sachs
- Northern Trust upgraded to Outperform from Market Perform at BMO Capital
- Northern Trust: Leveraging ‘One Northern Trust,’ Capital Strength, and Visa Monetization to Drive EPS Growth and Justify a Premium Valuation
- Northern Trust price target lowered to $155 from $160 at Truist
- Northern Trust price target lowered to $149 from $167 at Morgan Stanley
