Press release
Northern Trust, NUS School of Computing and NUS Asian Institute of Digital Finance Join Forces to Support Blockchain Development for Institutional Use
SINGAPORE--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS), the National University of Singapore’s School of Computing (NUS Computing) and Asian Institute of
About this update from Northern Trust Corporation
[{"type":"text","content":" SINGAPORE--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS), the National University of Singapore’s School of Computing (NUS Computing) and Asian Institute of Digital Finance (NUS AIDF) today announced a series of research and industry development initiatives that will advance efforts to define the future of blockchain for institutional investors.\n\n\nThe strategic partnership between Northern Trust, NUS Computing, and NUS AIDF includes:\n\n\n\nA 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.\n\n\n\nA 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.\n\n\n\nAn 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.\n\n\n\nJustin 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.”\n\n\nProfessor Ooi Beng Chin, Lee Kong Chian Centenn...