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A-Team Insight Brief

DTCC Partners with Digital Asset and Canton Network to Tokenise U.S. Treasury Securities

The Depository Trust & Clearing Corporation (DTCC) has announced a partnership with Digital Asset and the Canton Network to enable the tokenisation of assets custodied by The Depository Trust Company (DTC). Following the recent receipt of a No-Action Letter from the U.S. Securities and Exchange Commission, the initiative will allow a subset of U.S. Treasury securities to be minted on the Canton Network for the first time. DTCC intends to utilise its ComposerX platform to deliver a minimum viable product in a controlled production environment during the first half of 2026, with plans to expand based on client interest.

This collaboration aims to provide market participants, including major market makers and hedge funds, with access to digitised financial instruments within a secure, regulated framework. The adoption of tokenised securities is expected to drive operational and financial efficiencies by streamlining processes and reducing risk. Additionally, DTCC will assume a leadership role in the network’s governance by joining the Canton Foundation as co-chair alongside Euroclear, helping to define industry standards for decentralised financial

Trading Technologies Acquires Derivatives Analytics Provider OpenGamma

Trading Technologies International (TT) has announced the acquisition of OpenGamma, a specialist in derivatives margin analytics for buy-side and sell-side clients. The integration embeds OpenGamma’s margin optimisation and capital efficiency tools directly into the TT platform. This combination aims to automate trading and position transfer workflows to reduce risk and increase efficiency. The acquisition aims to allows firms to better manage margin-driven liquidity risk and maximise leverage without compromising counterparty safeguards.

The deal utilises TT’s scaled distribution capabilities to accelerate OpenGamma’s growth across the Americas, Europe, the Middle East, and Asia-Pacific regions. While OpenGamma brings established relationships with hedge funds and commodities trading firms, TT provides access to a broader pool of sell-side bank clients. Notably, the TT platform has handled over 2.9 billion derivatives transactions in 2025 thus far. Financial terms of the transaction were not disclosed.

DTCC Subsidiary Receives SEC No-Action Letter to Tokenise Real-World Assets

The Depository Trust & Clearing Corporation (DTCC) has announced that its subsidiary, The Depository Trust Company (DTC), has received a No-Action Letter (NAL) from the U.S. Securities and Exchange Commission (SEC). This authorisation permits DTC to offer a service tokenising real-world, DTC-custodied assets within a controlled production environment. The initiative will apply to specific highly liquid assets, including the Russell 1000 companies, ETFs tracking major indices, and U.S. Treasury securities. DTC anticipates rolling out the service in the second half of 2026, with the NAL authorising operations on pre-approved blockchains for a three-year period.

Under this framework, the tokenised assets will retain the same entitlements, ownership rights, and investor protections as traditional assets. Supported by DTCC’s ComposerX suite, the service will operate across approved Layer 1 and Layer 2 providers to facilitate greater asset mobility, decentralisation, and programmability. This move aims to bridge traditional finance (TradFi) and decentralised finance (DeFi) by creating a single pool of liquidity. DTCC intends to release further details regarding onboarding requirements and wallet registration in the coming months.

Beeks Financial Cloud Group Enters Strategic Agreement With nuam To Deploy Exchange Cloud In Latin America

Beeks Financial Cloud Group PLC has announced a strategic agreement with nuam, the regional holding company that integrates the stock exchanges of Santiago, Colombia, and Lima. Under this partnership, Beeks will deploy its flagship Exchange Cloud service, a turnkey, fully managed multi-tenant compute and analytics stack. This collaboration supports nuam’s position as the first multi-country integrated exchange in Latin America, allowing the organisation to onboard domestic and international trading participants under a revenue-sharing model.

By leveraging the Beeks platform, nuam will deliver low-latency, secure infrastructure to market participants across Chile, Peru, and Colombia. The solution is designed to streamline the onboarding process for regional and global firms, enhancing market accessibility and supporting liquidity through faster market entry. This deal represents Beeks’ fifth new exchange client in 2025, indicating continued adoption of the Exchange Cloud platform by global exchanges seeking to improve infrastructure efficiency and reduce time-to-market.

Avelacom Expands London Network Infrastructure With New Point of Presence at Equinix LD7

Avelacom has expanded its global infrastructure by establishing a new Point of Presence (PoP) at the Equinix LD7 data centre. This new deployment complements the company’s existing presence in the LD4, LD5, and LD8 facilities, consolidating its footprint within a major connectivity hub for financial markets. The expansion aims to meet growing institutional demand for proximity hosting and high-speed network solutions.

By locating within LD7, Avelacom minimises the physical distance to London’s traditional and digital asset exchanges, as well as their ecosystems of custodians and brokerage firms. This proximity enables proprietary trading firms to benefit from faster real-time market data and order execution. Specifically, the upgrade enhances the popular London to Tokyo trading route, achieving round-trip latency of under 138ms via fibre and under 130ms using a hybrid fibre and microwave path.

United Fintech Secures Strategic Investment From Dansk Vækstkapital

United Fintech has accepted a strategic minority investment from Dansk Vækstkapital (Danish Growth Capital), a fund strategy under Danske Private Equity and Danske Bank Asset Management. This transaction positions Dansk Vækstkapital as the company’s sixth institutional investor, following closely on the heels of Barclays joining the investor group earlier this month. These new partners sit alongside existing investors BNP Paribas, Citi, Danske Bank, and Standard Chartered.

This investment aligns with a period of continued expansion for United Fintech. In 2025 alone, the company completed two acquisitions, expanding its portfolio to seven fintechs and strengthening its capabilities in commercial banking, capital markets, and wealth and asset management. With a workforce of over 200 employees across 11 global offices, United Fintech intends to utilise this latest funding to support further innovation and international scaling, helping clients modernise infrastructure and deploy AI-powered solutions.

LSEG and Citi Announce Multi-Year Strategic Data and Analytics Partnership

LSEG and Citi have entered a multi-year strategic partnership to deploy LSEG’s data, analytics, and workflow solutions at an enterprise scale. This agreement supports Citi’s modernisation efforts by consolidating data access and standardising governance across front-to-back workflows, including markets, investment banking, wealth, trading, and compliance. The initiative aims to enhance efficiency and ensure consistent data-driven decision-making throughout the organisation.

Under the agreement, LSEG will provide AI-ready content and multi-asset class data, ranging from economic indicators and pricing to benchmarks and regulatory information. Citi will utilise LSEG’s end-to-end workflow solutions, primarily LSEG Workspace and various APIs, to support client delivery. Furthermore, the partnership strengthens Citi’s risk management and KYC frameworks by integrating World-Check risk-intelligence data, improving the auditability and coverage of onboarding processes.

Duco and Phoenix Group Partner to Modernise Asset Management Reconciliation

Duco has announced a strategic collaboration with Phoenix Group to modernise the reconciliation infrastructure within its Asset Management division. The project involves creating a unified, cloud-based environment to reconcile investment and accounting records across 20 administrators and various asset classes. This initiative is designed to allow the business to scale efficiently while providing operational teams with a more robust and streamlined platform.

The initial phase of the project will focus on automating the reconciliation between Investment Book of Record (IBOR) and Accounting Book of Record (ABOR) data. This step aims to ensure consistent, auditable controls and full alignment with European Market Infrastructure Regulation (EMIR) standards. By reducing manual intervention in these critical workflows, Phoenix Group seeks to strengthen internal controls and enable teams to take greater ownership of daily operations.

ICE Integrates Investortools Climate Risk, Emissions Data

Fintech and data giant Intercontinental Exchange’s climate data is now available on the Investortools platform, a fixed-income data solutions provider.
The collaboration integrates ICE’s municipal-level climate risk data into Investortools’ Perform system. This addition follows previous connectivity with ICE Bonds execution platforms and access to ICE BofA Indices.
Mike Green, co-chief executive and chief operating officer of Investortools said: “By bringing ICE Climate data into the platform, we’re enabling our users to apply climate risk intelligence directly to their existing investment workflows.”
Users will access scores and metrics for flood, hurricane, wildfire and drought risks, alongside emissions data. Fixed-income software assists with credit research, portfolio management and performance reporting.

Horizon Trading Solutions Partners with OCEANE Invest to Deploy Automated Market-Making Technology on ADX

Horizon Trading Solutions has partnered with OCEANE Invest, a newly established Exchange Traded Fund (ETF) market maker, to deploy its automated market-making and algorithmic trading suite. This collaboration will support OCEANE Invest’s upcoming ETF listings on the Abu Dhabi Securities Exchange (ADX). The initiative is designed to enhance market liquidity and efficiency, whilst reinforcing the ADX’s position as a key regional hub for ETFs.

OCEANE Invest selected Horizon’s technology to ensure continuous liquidity, tight spreads, and dynamic hedging capabilities for its new products. The system integrates with OCEANE’s internal pricing and risk engines, allowing the firm to utilise its quantitative research and in-house modelling to adapt complex operations in real time. The partnership ultimately aims to drive the growth of the GCC ETF industry, offering local investors reliable and cost-effective trading services backed by experienced traders from the US and Europe.