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The likes of BNY Mellon and State Street
have given a number of the senior staff
freedom to discuss and explore the con-
cept, with both highlighting the potential
of tokenisation in particular. When it
comes to actually servicing or holding the
assets though, their activity is tempered
while regulations are still forming around
the phenomenon. Therefore, many of
those wanting to play a part in the story
46
Global Custodian
Spring 2020
of cryptocurrency from the outset have
sought employment elsewhere.
Alexandre Kech had worked in secu-
rities services for over 20 years before
he created Onchain Custodian, a custo-
dy service for institutional clients and
accredited investors to manage digital
assets. He had worked at BNY Mellon
for four years before joining SWIFT and
spearheading the organisation's securities
standards and markets operations for 17
years in Asia-Pacific.
“Once you have ‘seen the light’ - and
securities service experts get it faster than
many other experts - it is difficult to resist
the envy to participate in the building
of the future,” he explains. “If, on top of
that, your bank is not able to quickly and
adequately assess the potential that you
are yourself seeing, it is easy to under-