According to a report by CoinDesk from Foresight News, Northern Trust, a custodian bank, will provide custody and cash management services for Haycen, a stablecoin issuer focused on trade finance. The asset services division of Northern Trust will be responsible for providing global custody services for Haycen's clients' fiat deposits, while Northern Trust's asset management division will provide cash management services. Haycen has received funding support from the UK government for developing an institutional-level stablecoin.
Northern Trust to Provide Custody and Cash Management Services to Stablecoin Issuer Haycen
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