Today
Reuters reported that ING is working on a digital asset custody technology solution. The details were sparse apart from referring to native security tokens as well as asset-backed securities.
We reached out to ING for comment and the response sort of confirmed the story. It read: “ING, as an innovation leader on blockchain/DLT, sees increasing opportunities with regard to Digital Assets on both asset backed and native security tokens. ING is particularly active to further develop the technology behind digital assets to empower its clients with a compliant access to this emerging ecosystem.”
ING is one of the most active banks in blockchain, possibly even the most active. While many banks focus on top-level solutions, the Dutch bank has addressed blockchain at many levels. For applications, its emphasis is in two areas, commodities and trade finance, and particularly where the two overlap.
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