Wide-scale adoption of DLT and tokenisation expected from asset managers, finds BNY Mellon study
Survey shows that 84% and 72% of respondents plan to develop blockchain and asset tokenisation solutions respectively.
Survey shows that 84% and 72% of respondents plan to develop blockchain and asset tokenisation solutions respectively.
The platform will allow asset managers to benefit from full straight-through processing and process automation, as well as real-time cash reconciliation.
The major technology overhaul could mirror projects underway at the ASX and HKEX, and is part of a medium-term strategy from owner Deutsche Boerse to develop a digitised CSD.
The new platform utilises smart contracts and distributed ledger technology, a move that could potentially transform the repo market.
Digitalisation, new technologies and cyber threats are atop the list of challenges and opportunities for network managers who are facing a major turning point in the their roles.
The latest update to the platform adds connectivity to existing industry tools and technologies.
Overwhelming percentage believe digital assets will become dominant over time, while 63% of over 200 survey participants have already begun developing a strategy.
Jens Hachmeister, head of issuer services and new digital markets at Clearstream, outlines the group's plans to be a core market infrastructure for digital securities.
Departing deputy CEO leaves ASX to pursue interests in FinTech and blockchain technology.
Deutsche Bank and STACS were able to remodel and optimise the workflows involved to create a ‘bond in a box’ DLT platform.