State Street Corporation announced that its Fund Connect ETF portal – a division of State Street Digital and its leading global, primary market ETF portal with access to more than 960 exchange traded fund (ETFs) from leading issuers – is officially live in Singapore with its first product in the region. The firm had previously provided back-office services for ETFs including custody and fund administration. The growth into Singapore is an important milestone with Asia-Pacific being the third large region for ETFs, following North America and Europe.

Fund Connect has also received jurisdictional approval in Australia1, one of the fast growing ETF markets in Asia-Pacific, with a roll out strategy forthcoming. The Fund Connect portal has long served as a conduit between Authorized Participants (APs) and issuers, and Fund Connect ETF is looking to increase the number of market participants globally utilizing the technology, from both an issuer and participating dealer point of view. Fund Connect ETF, an integral portal within State Street's award winning GlobalLink product suite, is a global online fund portal for the creation and redemption of ETFs, designed as a single point of access to many sponsors.

For nearly twenty years, the portal's automated order placement solution and comprehensive integration to order management systems has supplied a direct link between market makers, APs, distributors, transfer agents, sub-advisors and sponsors, along with direct access to ETFs in multiple currencies. This connectivity helps support increased efficiency, reduced operational risk and enhanced communication between all parties. Fund Connect ETF at a glance: Provides global ETF coverage and serves 43 issuers and more than 25 end-to-end integrations, 83 Authorized Participants (APs), More than 960 ETFs available including semi-transparent active and digital ETFs, Managed over $2.7t notional volume in 2021.