Circle’s US dollar-denominated stablecoin can be used by Marex clients as initial margin collateral, designed to assist in implementing digital asset portfolios while benefiting from blockchain-native rails
Clients will be able to execute institutional-grade bilateral digital asset lending workflows, with BitGo providing regulated custody and offchain, real-time settlement through the Go Network, its institutional settlement infrastructure
Citi facilitated the issuance acting as sole dealer and issuing and paying agent, and BIL, DekaBank, DZ BANK, Eurex Clearing, Union Investment, and Volksbank Mittlerer Schwarzwald participated as primary investors in the tokenised commercial paper
Under the engagement, the company will provide ongoing collateral monitoring and reporting services with respect to a portfolio of professionally managed alternative assets pledged as collateral for a credit facility
The request for comment aims to assist the agencies in evaluating whether greater coordination or alignment in portfolio margining requirements may improve risk management
The domestic link will provide institutional investors with access to the local market through a unique omnibus account structure, supporting Kenyan government bonds, and treasury bills.
Under this mandate, Securities Services at BNP Paribas provides BCC Risparmio & Previdenza with services including custody, fund accounting, and OTC collateral management