Shanny Basar

Rochester

Freelance Journalist and Reporter at Freelance

Freelance Journalist at Markets Media

Freelance journalist for @MarketsMedia. Returned to England in 2013 after 8 years in NY as US Correspondent for Financial News: shanny.basar@gmail. com

Articles

Kinexys by J.P. Morgan Shows Potential of Deposit Tokens

1 week ago | marketsmedia.com | Shanny Basar

Kinexys by J.P. Morgan, the bank’s blockchain business unit, has launcheda permissioned US dollar deposit token, another form of digital money that could become the “new institutional default.”Jason Barraza, chief operating officer at Security Token Market, said in a newsletter that Kinexys filed for a trademark application for a JPMD, a tokenized deposit token on the Base blockchain.
ESMA Begins Selection of Shares, ETF Tape Provider

1 week ago | marketsmedia.com | Shanny Basar

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is launching the first selection procedure for the Consolidated Tape Provider (CTP) for shares and exchange-traded funds (ETFs). Entities interested to apply are encouraged to register and submit their requests to participate in the selection procedure by 25 July 2025.
Crossover Markets Expands to U.S. to Meet Institutional Demand

1 week ago | marketsmedia.com | Shanny Basar

U.S.-domiciled institutions can now access Crossover’s low-latency, anonymous ECN, CROSSx, available in NY4 Co-Founder and Chief Commercial Officer Anthony Mazzarese relocates to the U.S. to support expansion Marks a major milestone in bridging traditional finance with the digital asset ecosystem Crossover Markets, the institutional digital asset trading technology firm, announced that it has expanded its global footprint to support U.S.-domiciled institutions, enabling them to trade select...
FTSE Canada Bank Credit Index Futures to Launch

1 week ago | marketsmedia.com | Shanny Basar

A first-of-its kind credit derivatives product that allows market participants to manage specific Canadian credit risk The Montréal Exchange (MX), Canada’s derivatives exchange, announced its intention to introduce the FTSE Canada Bank Credit Index Futures (CBC)*, a first-of-its kind credit derivatives product designed to meet the evolving needs of market participants, slated for a Q1 2026 launch.
3iQ Lists First XRP ETF in North America

1 week ago | marketsmedia.com | Shanny Basar

A landmark rollout further reinforces 3iQ’s track record as a trusted innovator in delivering regulated, first-to-market digital asset investment solutions.‍Ripple, the leader in enterprise blockchain and crypto solutions, is an early investor in the fund. The 3iQ XRP ETF (TSX: XRPQ, XRPQ.U), which launches with a 0% management fee for the first six months, provides exposure to a digital asset that has grown by 10,800% since January 2015.
Clearstream Brings Digital Private Market Fund Processing

1 week ago | marketsmedia.com | Shanny Basar

Improves transparency with detailed reporting, offering anonymized, granular views into investor portfoliosConsolidates multiple investor portfolios under a single Clearstream accountSupports complex product features, such as capital call execution and lock up tracking at investor levelClearstream, Deutsche Börse Group’s post-trade services provider, is launching a digital solution to transform private market fund processing.
DTCC Surpasses $100tr in Assets Under Custody

1 week ago | marketsmedia.com | Shanny Basar

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, announced that its central securities depository subsidiary, The Depository Trust Company (DTC), has surpassed a record-setting $100 trillion in assets under custody as overall U.S. market capitalization continues to rise.
Coinbase Derivatives Aims to Use USDC as Collateral

1 week ago | marketsmedia.com | Shanny Basar

Coinbase Derivatives and Nodal Clear are partnering to integrate USDC as collateral for US futures trading, working with the CFTC to bring this to market. This is expected to be the first regulated use case of USDC as collateral and will leverage Coinbase Custody Trust as the custodian. As part of a multi-year renewal agreement, Coinbase Derivatives, a CFTC-regulated designated contract market, and Nodal Clear are partnering to integrate USDC as eligible collateral for futures targeting next year.
Euroclear to Launch Next Gen AI Platform

1 week ago | marketsmedia.com | Shanny Basar

Euroclear, in line with its strategy of reducing industry fragmentation and delivering services that optimise market wide connectivity, has today announced a strategic collaboration with software providers Meritsoft, a Cognizant business, and Taskize to launch the next generation of its EasyFocus service.
EU Council and Parliament Agree on T+1

1 week ago | marketsmedia.com | Shanny Basar

The Council and the European Parliament reached a provisional agreement on new rules to make transactions in transferable securities more efficient. The goal is to shorten the settlement cycle on securities trades, such as transactions in shares or bonds, executed on EU trading venues, from no later than two business days (the so-called ‘T+2’) to no later than one business day after the trade date (‘T+1’).