Pyctor, a project led by ING Bank in collaboration with ABN AMRO, BNP Paribas Securities Services, Citibank, Invesco, Société Générale – Forge, State Street, UBS and others, is a digital assets post-trade market infrastructure for global custodians, institutional issuers and other capital market actors. We empower you to securely issue, access and manage digital assets in a regulatory compliant manner.
Pyctor is part of the Cohort 6 of the FCA Regulatory sandbox.
Institutional adoption of digital assets has been challenging. Our partners and clients have shared their main challenges:
Risk of loss of Digital Assets due to hacks or misuse of their private keys when managing their tokens
Limited bank-grade infrastructure for Digital Assets that fits with existing market systems, counterparty risks and workflows as seen with traditional asset classes
Lack of clear Compliance, Risk, Legal and Regulatory framework for financial institutions to transact and safeguard digital assets like any other traditional asset classes
Decentralized assets need a decentralized solution. Instead of going for a solution built in a silo architecture at one institution, Pyctor offers a unique proposition leveraging a global decentralized network of trusted financial institutions.
Collectively via a private DLT, Pyctor is solving the challenges of trust, transparency, efficiency and operability.
Wallet management for custodians
Smart contract management for issuers
Pyxis registration module
Hervé has some 20 years of experience in financial markets as a quant, structurer and trader in New York, Tokyo, Hong Kong, Paris and Amsterdam at Société Générale, Natixis and ING. He joined ING Labs / Blockchain team in 2016 where he has led several initiatives, including HQLAx and Pyctor while being ING point of contact for Digital Assets both internally (for digital assets strategy) and externally (press).
Recognized thought leader on the blockchain scene where he participates in various workgroups with regulators (EBF, EBA, EU Blockchain forum, World Economic Forum), he is a regular speaker at various conferences on blockchain. He is also co-chair for the custody stream of Global Digital Finance (GDF) where he contributes to build the ecosystem.
He holds a Master’s Degree in Computer Science, a Master of Science in Finance and he is an executive MBA candidate class of 2020-2022 at HEC - Paris.
Nicolas has 15 years of experience as a credit derivatives and options trader at Credit Suisse, Barclays and RBS in London (8 years) then as a co-founder and managing partner of a multi-million revenue e-commerce in Brazil (6 years), which he exited successfully as well as an advisor to the CEO of a security & defense startup (4 years).
He joined ING Labs - Pyctor in March 2019 where his involvement spanned across different areas (tech development, business, strategy and funding).
He holds a Master’s degree in Computer Science from EISTI - Cergy, France and a MSc in Mathematical Trading and Finance from Cass Business School - London, UK.
Antoine has 11 years of experience as a software engineer across different industries. He worked for Philips, ASML and a startup company before joining ING in 2015, where he first worked on the IBC payment channel.
He later joined the ING Blockchain/DLT program and contributed to the development of the HQLAx project, a DLT based securities lending application. He started as the CTO of Pyctor since the inception of the project.
He holds a Master’s degree in Computer Science from ENIB engineering school.
Petar has 4 years of professional experience in the field of international financial and corporate law with multinational client-entities. Has led and represented his employer at a DLT-based KYC/AML system project for shareholder registers among the 5 largest global “Trust Company” providers. He has been involved in custody licensing requirements and advising funds on AIFMD.
He Holds an LLB from the Hague University and is to receive his LLM in Corporate and Commercial law from Maastricht University, pending on thesis submission.
Andrei is a corporate innovation professional with 4 years of experience. He has started his career as a blockchain program manager in ING’s DLT program. As a beyond banking strategic partnership lead in ING Labs Singapore he executed on ING’s Trade platform strategy. Currently he is customer lead for Pyctor managing the network of partner financial institutions.
He holds a Master’s degree in management, with a specialization in strategic management from the University of Geneva, GSEM.
Amit has 13 years of experience in the financial markets and has worked in Mumbai, Singapore and currently based in Amsterdam. He started his career as a software engineer with Tata Consultancy Services, and joined ING in 2009 as a business analyst. Over the years he has held various roles as a scrum master, team lead, migration lead. Amit specializes in fixed income products, settlements, liquidity management, collateral, and payments. He has been part of the core team in implementing MIFID2 and EMIR in ING. Amit has been part of Pyctor since 2018.
He holds a Master’s degree in Computer Applications from BIT Mesra, India.
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