DTCC, Clearstream and Euroclear develop digital asset framework
30 May 2024 UK
Image: stock.adobe.com/Rudzhan
The three financial market infrastructures have collaborated with Boston Consulting Group to develop a digital asset framework.
DTCC, Clearstream, and Euroclear’s blueprint for an industry-wide digital asset ecosystem aims to further push the acceptance of tokenised assets.
In a white paper, the companies highlight six key principles to lead the evolution. These include legal certainty, regulatory compliance, resilience and security, safeguarding customer assets, connectivity and interoperability, and operational scalability
Philippe Laurensy, managing director and head of product, strategy and innovation at Euroclear, says: “Our objective is to create innovative solutions that will address the evolving needs of our customers and drive industry advancements, which includes clients having the flexibility to create space on their balance sheets through tokenisation.”
Jens Hachmeister, managing director, head of issuer services and new digital markets at Clearstream, adds: “To make this evolution a sustainable one, we need industry-wide collaboration and unified standards to overcome current challenges and drive the seamless integration of digital assets in the global financial ecosystem.”
Nadine Chakar, managing director, global head of DTCC Digital Assets, comments: “We have a unique opportunity to transform the financial system, but it will require collaboration across a wide cross section of firms to build the infrastructure, standards, controls, and governance to underpin digital markets.”
DTCC, Clearstream, and Euroclear’s blueprint for an industry-wide digital asset ecosystem aims to further push the acceptance of tokenised assets.
In a white paper, the companies highlight six key principles to lead the evolution. These include legal certainty, regulatory compliance, resilience and security, safeguarding customer assets, connectivity and interoperability, and operational scalability
Philippe Laurensy, managing director and head of product, strategy and innovation at Euroclear, says: “Our objective is to create innovative solutions that will address the evolving needs of our customers and drive industry advancements, which includes clients having the flexibility to create space on their balance sheets through tokenisation.”
Jens Hachmeister, managing director, head of issuer services and new digital markets at Clearstream, adds: “To make this evolution a sustainable one, we need industry-wide collaboration and unified standards to overcome current challenges and drive the seamless integration of digital assets in the global financial ecosystem.”
Nadine Chakar, managing director, global head of DTCC Digital Assets, comments: “We have a unique opportunity to transform the financial system, but it will require collaboration across a wide cross section of firms to build the infrastructure, standards, controls, and governance to underpin digital markets.”
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