FINBOURNE Technology Expands LSEG Partnership to Integrate Yield Book Analytics into LUSID Platform

FINBOURNE Technology and the London Stock Exchange Group (LSEG) are expanding their strategic partnership to integrate LSEG’s Yield Book fixed-income data and analytics into FINBOURNE’s LUSID platform. The move builds upon LSEG’s 2021 adoption of LUSID and its subsequent strategic investment in FINBOURNE.

The integration will allow asset managers to access Yield Book’s analytics for government and corporate bonds, mortgages, derivatives, and other securities. This enables them to perform complex prepayment modelling, loss severity modelling, and other fixed-income analytics in real time, directly within their LUSID portfolio management system.

The integration is set to launch in the second quarter of 2026, and the first client is already scheduled to go live.

tZERO Launches tZERO Connect to Offer API Access to Regulated Digital Asset Infrastructure

tZERO Group, Inc. has launched tZERO Connect, a new initiative providing institutions and fintech partners with direct, programmable API access. This connects partners to tZERO’s regulated infrastructure for digital securities and tokenised real-world assets (RWAs), supporting the firm’s B2B and B2B2C strategic priorities.

The initiative unifies tZERO’s API suite and global partnership network, enabling banks, broker-dealers, and fintech platforms to embed tokenised asset functions directly into their existing environments. Key features include Tokenisation and Issuance APIs, which are now live, alongside Data APIs and white-label partner integrations.

tZERO Connect is built on the company’s SEC- and FINRA-regulated broker-dealer and ATS. Secondary Trading APIs are planned for release in late 2025 or early 2026. The programme also supports a “follow-the-sun” global model, collaborating with partners like Alphaledger, Archax, and Lynq to expand access to compliant tokenised markets.

Tokenovate Launches Novat Protocol to Streamline Tokenised Asset Settlement

UK fintech Tokenovate has launched the Novat, a new programmable settlement protocol for tokenised assets. The solution is designed to streamline post-trade operations, unlock liquidity, and reduce systemic risk in global capital markets. It addresses the fragmentation and reconciliation delays common in legacy workflows, which are under increasing pressure from the shift to T+1 settlement timelines.

The Novat Protocol tokenises the act of settlement itself, enabling the synchronised movement of assets and cash with automation and legal finality. By combining programmability with standardisation, the protocol aligns data, logic, and the legal record within one layer. This facilitates instant, atomic, and legally final settlement without altering existing custodial arrangements or market infrastructure.

The protocol is powered by the FINOS Common Domain Model (CDM), an industry data standard. This ensures that all on-chain actions reflect clearly defined contractual obligations, transforming market standards into executable logic for deterministic and transparent settlement.

GDF Report Assesses Legal Certainty of Tokenised Money Market Funds in UK, Ireland, and Luxembourg

Global Digital Finance (GDF) has announced findings from a working group report assessing the legal certainty and collateral mobility of Tokenised Money Market Funds (TMMFs) in Luxembourg, Ireland, and the UK. These jurisdictions are critical as Ireland and Luxembourg host over 80% of Europe’s MMFs. The working group included over 70 firms, such as JP Morgan, Blackrock, Lloyds Banking Group, and LSEG.

The report found relative legal certainty for TMMFs in Luxembourg due to existing statutory frameworks. The UK also demonstrated a low degree of legal uncertainty regarding the ownership and rights of digitally native TMMFs, with further clarity anticipated from the Property (Digital Assets etc.) Bill.

In contrast, Ireland currently lacks express statutory authority for tokenised shares. The report concluded that while Irish courts would likely treat TMMFs similarly to traditional shares by analogy, this certainty is not yet directly established in law. As part of the work, 30 firms also participated in the GDF Industry Sandbox, powered by Ownera, to prove the production use case for TMMF collateral mobility.

Exegy Expands Axiom Market Data Platform to Include TMX Canadian Equity Feeds

Exegy has expanded its Axiom market data-as-a-service solution to include real-time, low-latency Canadian equity data. This data is sourced via the TMX Information Processor (TMX IP). The integration allows global clients to access key Canadian feeds, such as the Canadian Best Bid and Offer (CBBO), Consolidated Data Feed (CDF), and Consolidated Last Sale (CLS).

Clients can access the TMX feeds through their existing cross-connects to Exegy’s New York point of presence. This removes the need for firms to build or maintain separate, dedicated infrastructure or co-location facilities in Canada. The expansion is intended to streamline operations, reduce data centre footprints, and accelerate time-to-market for trading firms.

Driven by client demand, the service allows firms to subscribe to one, two, or all three of the available feeds. This expansion follows the June 2025 launch of Exegy Nexus, a separate FPGA-powered market data platform.

Linedata Extends Global Services Offering to UK Market

Linedata, the global provider of asset management and credit technology, has extended its Global Services offering to the UK. A new business unit is being established at the group’s London branch to manage the launch, which builds on Linedata’s existing software expertise and two-decade presence in the UK. The move addresses rising demand for outsourcing in the UK, driven by economic pressures, a need for increased returns, and talent shortages in key operational areas.

The new services are designed to help organisations scale efficiently using flexible delivery models, including nearshore, offshore, or on-site options. The offering includes AI-driven investment process automation through its Cognitive Investment Data Management (CIDM) solution, middle and back-office outsourcing with AI-enabled reconciliation, and advisory services on digital transformation and AI.

Linedata provides clients with access to experienced talent and standardised processes through a globally integrated operating model. The services can be deployed on an organisation’s own software platform or that of a third-party supplier. The offering is available to UK firms immediately.

BitGo Becomes First U.S. Qualified Custodian for Canton Network’s Canton Coin (CC)

Digital asset infrastructure company BitGo has announced custody support for Canton Coin (CC), the native token of the Canton Network. The Canton Network is designed for regulated financial markets, enabling participants to build interoperable applications connecting real-world assets and payments. This integration marks the first time institutions can hold CC with a U.S-based qualified custodian.

BitGo’s institutional clients gain access to qualified, cold-storage custody, $250 million in insurance protection, and multi-signature security. The service also provides self-custody wallets for treasury operations and streamlined reporting and audit tools to meet regulatory compliance standards.

The Canton Network has seen growing adoption for its privacy-preserving infrastructure, processing trillions in tokenized assets. BitGo is expanding its support for the full range of Canton Network assets, including future integration for withdrawals, stablecoins, and trading access.

New Exegy Whitepaper Quantifies High Cost of In-House FPGA Market Data Infrastructure

Exegy has released the second part of its whitepaper detailing the true cost of market data infrastructure. The report quantifies the high expense for firms building and maintaining their own FPGA-based market data feed handlers. Key findings show a firm’s first in-house handler costs approximately $5.35 million, with full North American equities coverage (18 markets) totalling nearly $9.8 million. This is over five times more expensive than Exegy’s equivalent service. Annual maintenance for an in-house system is estimated at $4.59 million, more than double Exegy’s managed service costs.

The report also highlights the significant time investment, estimating 3.5 years for the first handler and 6.5 years for full coverage, compared to 6 months and 20 months respectively with Exegy. This diverts valuable engineering resources from core strategies. Exegy’s new Nexus platform is presented as a solution, using FPGA hardware to deliver ultra-low latency and 36% lower operational costs. It provides the performance benefits of an in-house build without the associated cost, time, and maintenance burden.

LSEG Expands Partnership with BlackRock to Enhance Private Markets Intelligence

LSEG has expanded its partnership with BlackRock, focused on strengthening its private markets intelligence offering. Through a new advanced data integration, LSEG customers will gain access to Preqin private markets data via the LSEG Workspace platform and its Data & Feeds products.

In parallel, LSEG and BlackRock have deepened their data integrations in two other areas. LSEG has renewed its multi-year partnership to provide its Pricing and Reference Services data to BlackRock’s Aladdin platform to support investment decisions.

Furthermore, BlackRock has extended its partnership with FTSE Russell, part of LSEG. This extension allows BlackRock to continue to license the index provider’s benchmarks to create investment vehicles for its clients.

Edaa and Clearstream Partner to Enhance Saudi Capital Market Post-Trade Infrastructure

The Securities Depository Center Company (Edaa), a subsidiary of the Saudi Tadawul Group, has signed a Memorandum of Understanding (MoU) with Clearstream, Deutsche Börse Group’s international central securities depository. The partnership aims to jointly introduce new post-trade services to enhance the efficiency and attractiveness of the Saudi capital market for domestic and international investors.

This collaboration builds on Clearstream’s 2021 initiative providing its clients access to the Saudi market via Edaa. Leveraging its global expertise, Clearstream will work with Edaa to advance the local post-trade infrastructure and introduce new services, including collateral management, securities lending and borrowing, fund services, and digital securities.

A key initial focus for the partnership is the joint development and launch of the Saudi Collateral Management Service (SCMS). This centralised, automated triparty collateral management system will be tailored to the Saudi market. It is designed to optimise financing activities for local financial institutions, increase market liquidity, and provide easier connectivity to international markets.