Northern Trust Teams Up with CSC to Explore Digital Assets

Northern Trust and Commonwealth Superannuation Corporation (CSC) are teaming up to explore digital assets projects.

The collaboration, announced through a Memorandum of Understanding (MoU), aims to develop a digital investment infrastructure.

This framework will focus on new technologies, including tokenisation, digital assets, and digital cash.

Northern Trust's Justin Chapman, group head of strategic partnerships, digital assets, and financial markets, said: 'The evolution of digital assets, tokenisation, and digital money presents significant opportunities to modernise investment infrastructure and create more connected financial ecosystems.'

The two organisations were previously involved in Project Acacia, an initiative led by the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre.