Market Infrastructure Giants to Tap DLT for Collateral Management
A group of central securities depositories (CSDs) is working with stock exchange operator Deutsche Börse on a new blockchain-based solution aimed to improve collateral management. CSDs from Canada, Luxembourg, Norway and South Africa – all members of the Liquidity Alliance – are working with the stock exchange firm to create what they have dubbed the “LA Ledger”. The initiative is currently in the prototyping phase, using the code underlying the Hyperledger project as its basis. The firms involved are looking to seek approval for the solution from regulators later this year, according to....
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Nasdaq broke a lengthy public silence on its blockchain work last week to discuss the technology's applications in capital markets. Speaking at the Marketforce blockchain conference in London, Fredrik Ekström, president of Nasdaq Clearing, gave a presentation on what the US stock exchange giant sees as a low-hanging-fruit use case for collateral management, or the process by which credit risk is reduced in unsecured financial transactions. Discussing the challenges faced by the collateral management processes, Ekström told an audience of financial professionals that he believes this area....
The world’s largest cryptocurrency asset manager Grayscale Investments has announced the first partnership with a National Football League (NFL) team. Grayscale will be the official digital currency asset management partner for the New York Giants and will sponsor a number of events. Grayscale Investments Partners With the New York Giants Following a number of NBA teams getting in on crypto-asset acceptance and partnering with crypto companies, Grayscale Investments has revealed a partnership with the NFL team the New York Giants. Grayscale, a crypto asset manager with over $46....
Cryptocurrency exchanges and asset management firms continue to find their way into traditional stick and ball sport sponsorships. Grayscale Investments announced today that they are the next name in crypto to partner with a major league sports team. Grayscale signed an exclusive partnership deal with the New York Giants, marking the first time an NFL […]
Post-trade infrastructure operator SIX Securities Services has announced a partnership with blockchain provider Digital Asset Holdings. The two firms plan to develop a blockchain-based proof-of-concept, demonstrating its commercial viability. SIX Securities and Digital Asset Bring Blockchain to the Swiss Financial Landscape. SIX Securities is one of....
Infrastructure is increasingly aging worldwide as societies across the world face challenges of deterioration and inefficient management. In developed countries such as the U.S., it is estimated that as much as 2 trillion dollars (USD) will need to be spent on infrastructure over the next five years.1 In European Union, numbers are similarly high as […]