The European Securities and Markets Authority (ESMA) has issued a report on Distributed Ledger Technology (DLT). The report sets out ESMA’s view on DLT, its possible applications, benefits, risks and how it maps to existing EU regulation. ESMA’s position is that regulatory action is premature at this stage, considering that the technology is still at…
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Deutsche Börse Group has developed a concept for riskless transfer of commercial bank money via an infrastructure based on distributed ledger technology (DLT). By combining blockchain technology with its post-trade infrastructure, Deutsche Börse aims to achieve efficiencies while at the same time investigating possible new business opportunities enabled by this technology. DLT is often perceived…
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The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, just announced that it has selected IBM, in partnership with Axoni and R3, to provide a distributed ledger technology (DLT) framework to drive further improvements in derivatives post-trade lifecycle events. The firms will work collaboratively to re-platform DTCC’s…
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The European Central Bank and Bank of Japan are embarking on a research project looking into the use of distributed ledger technologies for market infrastructure. In a speech this week, ECB executive board member Yves Mersch stressed that the bank cannot "at this stage" consider basing its market infrastructure on DLT because the technology is…
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