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NTRS
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Northern Trust Appointed as Global Custodian and Cash Manager by Haycen

1. NTRS selected by Haycen for global custody and money market fund services. 2. Haycen provides stablecoin-based trade finance solutions, enhancing digital USD availability.

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FAQ

Why Bullish?

The partnership with Haycen could increase NTRS's market reach and revenue. Historical partnerships in fintech have positively impacted custody service firms' stock prices.

How important is it?

This partnership aligns with industry trends towards digitization in finance, enhancing NTRS's service offerings and potentially its market position.

Why Long Term?

As digital finance grows, NTRS's services with Haycen position it competitively. Long-term trends towards digital currencies suggest extended benefits.

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CMEBACGS
LONDON--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today that it has been selected by Haycen Bermuda Ltd. (Haycen) – a trade finance digital payments provider, with operations in the UK and Europe – to deliver global custody and money market fund services. Haycen delivers wholesale stablecoin-based solutions for non-bank lenders in global trade. Haycen offers global trade participants increased availability to USD in a digital format alongside an instant settlement capability, red.

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