CSDs band together to explore tokenisation at ISSA meeting
Meeting of market infrastructures, custodians and CSDs in Paris sets up further exploration into crypto assets and tokenisation leading up to Sibos.
Meeting of market infrastructures, custodians and CSDs in Paris sets up further exploration into crypto assets and tokenisation leading up to Sibos.
A number of blockchain harmonisation initiatives are currently in play at SWIFT, and some version of standards could be agreed upon soon.
Many of the established custodians are remaining on the sidelines to see what exchanges and other market infrastructures will offer for tokenised securities.
Topics discussed at the forum included achieving buy-side operational efficiencies, new front-to-back service models, blockchain, ESG and tokenisation.
A DTCC white paper outlines the post-trade responsibilities that should be undertaken to enhance security for token platforms.
Six banks have confirmed they have started the onboarding process and will join the platform at launch date, expected to be in the first half of 2019.
The Monetary Authority of Singapore and Singapore Exchange developed two Delivery versus Payment capabilities for the settlement of tokenised assets across different blockchain platforms.
A fully integrated trading, settlement and custody infrastructure for digital assets is set to launch in 2019.