Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. DTCC testifies to Congress on opportunities to advance financial markets
Industry news

DTCC testifies to Congress on opportunities to advance financial markets


06 June 2024 US
Reporter: Klea Neza

Generic business image for news article
Image: Chor muang/stock.adobe.com
Nadine Chakar, managing director and global head of DTCC Digital Assets, has testified before the House Financial Services Subcommittee on Digital Assets.

Chakar talked about the potential for tokenisation to transform today’s financial markets through further automation, increased efficiency and lower costs.

In the hearing, titled ‘Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets, Chakar testified to benefits that could be offered by employing digital ledger technology in transaction processing and lifecycle management of real-world financial assets, such as tokenised securities in the US markets.

The challenges inherent in developing an integrated digital assets platform for the industry were also discussed, noting that “technology on its own will not change the markets — it will require collaboration and coordination among all stakeholders, and it needs to be measured and thoughtful.”
← Previous industry article

FINBOURNE expands partnership with Taskize
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →