Northern Trust, NUS School of Computing and NUS Asian Institute of Digital Finance Join Forces to Support Blockchain Development for Institutional Use
The strategic partnership between Northern Trust, NUS Computing, and NUS AIDF includes:
- A joint research project on “Custody in the age of digital assets.” The project investigates 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. The research is part of the Singapore Blockchain Innovation Programme (SBIP), a national-level partnership anchored at NUS Computing to explore institutional use of blockchain and the translation of new technology for the banking industry.
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A memorandum of understanding (MoU) with NUS AIDF, a university-level institute in NUS. The MoU 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. Leveraging our expertise in blockchain, Northern Trust is helping them to refine their product-market fit and go-to-market strategies. -
An agreement between Northern Trust and NUS Computing to provide an industry-linked internship opportunity to a student in the Master of Digital Fintech program. The five-month program will expose the intern to critical market advocacy and digital development work that Northern Trust is spearheading in the
Asia-Pacific region .
Justin Chapman, global head of Digital Assets and Financial Markets, Northern Trust, 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 organizations.”
Professor Ooi Beng Chin, Lee Kong Chian Centennial Professor and faculty member at NUS Computing, and Programme Lead of SBIP, said: “The multifaceted approach taken by Northern Trust and NUS Computing demonstrates the potential for business and academic institutions to join forces and drive the development of new digital marketplaces and blockchain solutions for the industry.”
Northern Trust’s Digital Assets and Financial Markets is the bank’s single group unifying digital and traditional market functions focused on helping clients navigate the fast-developing digital markets and challenges of investing in digital assets alongside allocations to more traditional asset classes. This global group helps provide access to market-leading expertise, industry insights and continued innovations, and keeps Northern Trust clients at the forefront of change.
Northern Trust has offices across
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
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Camilla Greene
+44 (0) 20 7982 2176
Camilla_Greene@ntrs.com
Marcel Klebba
+44 (0) 20 7982 1994
Marcel_Klebba@ntrs.com
US &
John O’Connell
+1 312 444 2388
John_O'Connell@ntrs.com
Source: Northern Trust Corporation
