OAKS, PA & LONDON — SEI® (NASDAQ: SEIC) has announced its participation in the Bank of England’s Digital Securities Sandbox (DSS) through a partnership with Ctrl Alt, a tokenization platform. The initiative aims to advance financial innovation by testing blockchain and distributed ledger technology within a controlled environment, ensuring market stability and integrity.
The DSS will assess the role of digital securities in traditional financial systems, exploring their potential to streamline post-trade processes. SEI will contribute by providing assets for tokenization during the second phase of the initiative and may manage custody and crypto-asset activity if the phase progresses successfully. Commenting on the partnership, Sneha Shah, Head of New Business Ventures at SEI, said, “Tokenized solutions have the potential to enhance security, transparency, and efficiency to drive significant improvements across financial services.”
Ctrl Alt, supported by a strategic investment from SEI Ventures, builds infrastructure for tokenized assets, creating cost-effective and legally compliant solutions for financial institutions. “We’re confident our strategic partnership will help push the industry forward and power the future of wealth,” said Matt Ong, CEO and Founder of Ctrl Alt.
With 10% of global GDP projected to be tokenized by 2027, this collaboration underscores SEI’s commitment to leveraging blockchain technology to innovate and enhance efficiency across the financial services ecosystem. Alex Cochand, Director of SEI Venture Studio, noted, “We believe the combination of our 57 years of industry knowledge with Ctrl Alt’s expertise and nimbleness will help drive innovation and growth.”
SEI’s participation in the DSS, along with its investment in Ctrl Alt, positions the company at the forefront of financial transformation, paving the way for a secure and technologically advanced future in the industry.
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