Distributed ledger technology (DLT) and digital assets are becoming the preferred way to meet cash and liquidity requirements for digital securities settlements, according to a report from Citi Securities Services. However, the Bank for International Settlements (BIS) is cautioning that banks using permissionless a.k.a public blockchains face “risks related to operations and security, governance, legal,… Read More >>
DTCC & Chainlink Explore Mutual Fund Tokenization
The DTCC and Chainlink have been busy with something they are calling the “Smart NAV pilot,” which was an attempt to apply the digital asset capabilities of both organizations to mutual fund tokenization. (NAV is “net asset value,” or an investment firm’s total assets once all liabilities have been subtracted.) In mid-May, both players went… Read More >>
DLT Move Will Be Harder Than T+1: DTCC
A wholesale move to distributed ledger technology (DLT) for the securities industry would be “a massive undertaking” that would be far more difficult than the move to shorter T+1 settlement, says Nadine Chakar, managing director and global head of DTCC Digital Assets. Chakar also pointed out that the DTCC as a financial market infrastructure (FMI)… Read More >>
Digital Asset Open Sources Its Smart Contract Language
Distributed ledger pioneer Digital Asset is open sourcing its smart contract language, the Digital Asset Modeling Language (DAML), to facilitate the rapid adoption of distributed ledger technology (DLT) applications regardless of the platform. The source code for the DAML language, runtime, and Software Development Kit (SDK) will be freely available under an Apache 2.0 open… Read More >>
