Schroders has launched a global digital assets centre of excellence (CoE) in Singapore, as part of the firm’s plans to accelerate innovation in digital assets technology.
The CoE will have a dedicated team of digital asset specialists, which will focus on three strategic priorities, says Marita McGinley, global head of digital asset strategy at Schroders, in a statement on July 4.
The first priority is to innovate digital components through the application of tokenisation of use-cases of the firm’s core business to deliver greater client value and operational efficiencies.
Second is to capitalise on new opportunities arising from tokenisation that complement active asset management. These include tokenised funds, collateral management and treasury solutions.
Third is to build a scalable future operating model by creating a simplified, future-ready framework using reusable digital components.
The statement adds that the CoE will engage and participate in initiatives with key stakeholders in the financial ecosystem.
The launch of the CoE aligns with Singapore’s ambitions to be a global leader in financial technology and digital asset innovation, says Gopi Mirchandani, head of client group for Asia at Schroders.
“As Asia continues to accelerate its leadership in digital asset innovation, Singapore’s dynamic fintech ecosystem provides the ideal platform for us to reimagine how digital assets can unlock personalised, agile investment solutions at scale,” she says.
“Through close collaboration with key industry partners and regulators, we are not only shaping a composable finance ecosystem but also ensuring our clients can access a wider range of investment opportunities, manage their portfolios more efficiently, and adapt swiftly to evolving market conditions,” she adds.
