The Blockchain Could Make Existing Securities Industry Players Redundant, Says BNP Paribas Analyst
Writing onQuintessence, the financial magazine of BNP Paribas, financial securities research analyst Johann Palychata analyzes the possible impact and future implications of the blockchain for securities markets. He believes that Bitcoin is really an innovation and a disruptive open-source technology for the financial world. "Its core is the first....
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Blockchain technology will bring either doom or opportunity to securities services firms, according to European banking giant BNP Paribas. Writing in the bank's magazine, Quintessence, research analyst Johann Palychata said the bank forecasts two scenarios: "total disruption" or new, improved services for the institutions who handle the world's trades. He added: "In its purest form, a distributed blockchain system allows all market participants direct access to the DSD (Decentralised Securities Depositary), to the exchange and to the post-trade infrastructure (clearing & settlement). If....
The bitcoin block chain could potentially upend the existing post-trade infrastructure and make financial companies redundant, according to an analyst at BNP Paribas Security Services, an international bank. Johann Palychata, a research analyst at the company, makes this observation in the current issue of bank's publication, Quintessence. This article marks the first time a major bank has acknowledged bitcoin's disruptive potential of the existing post-trade infrastructure, according to financial observers. Palychata's article constitutes a "huge admission for one of the world's biggest....
Bitcoin continues to push deeper into mainstream currency trading with BNP Paribas, France's largest bank. The bank is testing bitcoin for one of its currency funds, according to International Business Times UK. A source at BNP Paribas told IBTimes UK the bank has been "beta testing" crypotocurrency with one of the bank's currency funds in Paris and will make an announcement about it shortly. Spokesperson Cites Block Chain Technology. "We are looking at blockchain technology and how it can be applied to post trade processes to make things faster and potentially cheaper but it's all very....
BNP Paribas, one of the largest banks in the world, has released a new report in which the bank details two scenarios for the integration of blockchain technology in our financial system, while arguing that bitcoin, "the first successful attempt for a secure and decentralized register," should be considered as a major disruptive invention "like the steam or combustion engine." In a report published in Quintessence Magazine, an information portal in which the bank shares market analysis and commentary from industry experts and BNP Paribas specialists, Johann Palychata, research analyst at....
A subsidiary of BNP Paribas Group has announced a partnership that will find it leveraging blockchain technology to enable private companies to issue securities. Revealed today, the partnership finds BNP Paribas Securities Services, its asset services division, working with investment platform SmartAngels on a pilot the firms said would be launched in the second half of 2016, pending regulatory approval. In statements, BNP lauded the effort as a "major step" in advancing crowdfunding. The project will see BNP Paribas developing and managing a registry for shares in....