Central Securities Depositories’ Liquidity Alliance Tests Blockchain
Posted: Tue Jan 17, 2017 1:03 pm
An international group of central securities depositories (CSDs), called the ‘Liquidity Alliance’ (LA), are cooperating with Deutsche Börse on developing blockchain technology to ease cross-border mobilisation of security collateral. These include the Canadian Depository for Securities Limited (CDS), Luxembourg-based Clearstream, South Africa’s Strate and the Norwegian VPS.
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The ‘LA Ledger’ prototype aims to enable a centralised, faster and more efficient allocation of fragmented security positions to cover financial obligations of market participants in multiple jurisdictions under the frameworks of Dodd-Frank in the US and EMIR in the EU. It will initially be ... (read more)