Amid the rapid evolution in distributed ledger technology (DLT) and digital asset securities, three of the world’s largest financial market infrastructures – DTCC, Clearstream, and Euroclear, in collaboration with Boston Consulting Group, unveiled a new blueprint to build a digital asset ecosystem for the industry in a new white paper, Building the Digital Asset Securities Ecosystem.
Key takeaways:
- By 2030, the tokenization of global illiquid assets is projected to be a $16 trillion business opportunity yet progress on institutional adoption has reached an inflection point as firms fail to progress or prioritize broad ecosystem development.
- New white paper from DTCC, Clearstream and Euroclear outlines the Digital Asset Securities Control Principles (DASCP), serving as a guide to navigate the current challenges and foster operational excellence in financial markets driven by DLT.
- These six DASCP principles aim to promote the successful adoption of tokenization and digital asset securities (excluding cryptocurrencies) and details a comprehensive set of risk management controls to underpin the future of digital markets.
Click here to download the white paper, Building the Digital Asset Securities Ecosystem.