DLT Is Gaining Popularity Among Participants And The Infrastructure Of The Financial System
According to Citi’s second Securities Services Evolution whitepaper, distributed ledger technology (DLT) is becoming more widely accepted by financial market infrastructures and international market participants.
88% of respondents questioned responded to Citi’s poll by saying that their companies are either actively involved in or researching digital assets or DLT. A higher percentage, 92%, claimed that market liquidity and the range of tradable assets are benefited by tokenization.
More than half indicated distributed ledger technology-based market infrastructure may lower post-trade processing expenses by 10% to 30%. In addition, atomic settlement may be possible in less than 10 years, according to 79% of respondents.
Distributed ledger technology (DLT)
“We are seeing a greater sense of momentum and purpose in all developments across the industry, in particular the determination to move to a T+1 settlement cycle,” Okan Pekin, global head of securities services at Citi, said in an email. “Delivering these changes will be no small feat but in due course offer the prospect of very substantial cost savings and efficiencies.”
The whitepaper includes quantitative and qualitative data from 12 financial market infrastructures and almost 300 market participants from banks, broker-dealers, asset managers, custodians and institutional investors.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Annie
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DLT Is Gaining Popularity Among Participants And The Infrastructure Of The Financial System
According to Citi’s second Securities Services Evolution whitepaper, distributed ledger technology (DLT) is becoming more widely accepted by financial market infrastructures and international market participants.
88% of respondents questioned responded to Citi’s poll by saying that their companies are either actively involved in or researching digital assets or DLT. A higher percentage, 92%, claimed that market liquidity and the range of tradable assets are benefited by tokenization.
More than half indicated distributed ledger technology-based market infrastructure may lower post-trade processing expenses by 10% to 30%. In addition, atomic settlement may be possible in less than 10 years, according to 79% of respondents.
Distributed ledger technology (DLT)
“We are seeing a greater sense of momentum and purpose in all developments across the industry, in particular the determination to move to a T+1 settlement cycle,” Okan Pekin, global head of securities services at Citi, said in an email. “Delivering these changes will be no small feat but in due course offer the prospect of very substantial cost savings and efficiencies.”
The whitepaper includes quantitative and qualitative data from 12 financial market infrastructures and almost 300 market participants from banks, broker-dealers, asset managers, custodians and institutional investors.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
CoinCu News
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