Northern Trust and CSC MoU to explore tokenised investment infrastructure
Northern Trust and CSC, a major Australian superannuation fund, signed an MoU to explore digital investment infrastructure, including tokenised deposits and other settlement and payment mechanisms for institutional markets. The effort connects to Project Acacia, where the Reserve Bank of Australia and DFCRC selected 24 use cases and later published a final report covering pilots and tokenisation of settlement assets. CSC serves 750,000 members and manages A$80bn, while Northern Trust reports US$20tn in custody and US$2tn in AUM.