Northern Trust Partners Nus To Support Blockchain Development For Institutional Use

KUALA LUMPUR, July 12 (Bernama) -- Northern Trust, the National University of Singapore’s School of Computing (NUS Computing) and Asian Institute of Digital Finance (NUS AIDF) announced a series of research and industry development initiatives that will advance efforts to define the future of blockchain for institutional investors, via a strategic partnership.

In a statement, Northern Trust global head of Digital Assets and Financial Markets, Justin Chapman said: “The financial markets will continue to evolve rapidly as we embrace technologies such as blockchain and artificial intelligence.

“Our partnership with NUS is an important step in our strategy to provide thought leadership and develop future leaders who will shape the industry. I believe this is only the starting point of a productive collaboration between the two organisations.”

The strategic partnership includes a joint research project on “Custody in the age of digital assets”, investigating different methods for maintaining control and possession of digital assets on third-party blockchains, and ways for clients to achieve a real-time view of assets across digital and traditional markets.

In addition, a memorandum of understanding (MoU) with NUS AIDF, a university-level institute in NUS, signifies Northern Trust’s commitment to growing the fintech ecosystem in Singapore.

Northern Trust is currently providing mentorship to Insightic, a RegTech start-up incubated at AIDF, with a distinct focus on risk assessment for Web 3.0-based virtual asset service providers.

The partnership also includes an agreement between Northern Trust and NUS Computing to provide an industry-linked internship opportunity to a student in the Master of Digital Fintech programme, which will expose the intern to critical market advocacy and digital development work that Northern Trust is spearheading in the Asia Pacific region.

With offices across Asia Pacific in Beijing, Bengaluru, Hong Kong, Kuala Lumpur, Manila, Melbourne, Pune, Singapore, Sydney and Tokyo, Northern Trust has strong relationships with some of the region’s largest central banks, sovereign wealth funds, government agencies and corporations.

-- BERNAMA