15 December 2017
visit www.avoka.com

CSDs aim to build distributed ledger for mobilising scarce collateral

18 January 2017  |  5844 views  |  0 Risk on chalkboard

A coalition of four central securities depositories is collaborating with Deutsche Börse on an initiative to use blockchain technology to ease cross-border mobilisation of security collateral.

The members of the so-called 'Liquidity Alliance - The Canadian Depository for Securities Limited (CDS), Clearstream (Luxembourg), Strate (South Africa) and VPS (Norway) - say they want to overcome existing hurdles when moving collateral across various jurisdictions, making the transfer faster and more efficient.

The Alliance's ‘LA Ledger’ will initially be implemented as a prototype based on the Hyperledger Fabric. Validation by regulatory authorities and market participants will start in the second quarter of 2017.

“We look forward to engaging with regulators and market participants to validate the proposed solution”, says Monica Singer, CEO Strate. “We are convinced that integrating this new technology into a permissioned environment of neutral regulated entities is the right way forward.”
KeywordsDEPOSITORIES

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

DTCC to build post-trade distributed ledger framework for derivatives

DTCC to build post-trade distributed ledger framework for derivatives

09 January 2017  |  8303 views  |  0 comments | 20 tweets | 17 linkedin
CSDs look to harness distributed ledger technology

CSDs look to harness distributed ledger technology

27 September 2016  |  4921 views  |  0 comments | 1 tweets | 8 linkedin
DTCC trials distributed ledger tech for repo market

DTCC trials distributed ledger tech for repo market

29 March 2016  |  5918 views  |  0 comments | 10 tweets | 7 linkedin
DTCC calls for industry coordination on distributed ledger tech

DTCC calls for industry coordination on distributed ledger tech

25 January 2016  |  7856 views  |  0 comments | 10 tweets | 13 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.solutions.lexisnexis.comvisit www.atos.net

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10180 views comments | 16 tweets | 25 linkedin
satelliteRipple completes XRP Lockup
9256 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8894 views comments | 17 tweets | 36 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7582 views comments | 20 tweets | 11 linkedin
Australian Government amends AML rules to cover digital currenciesAustralian Government amends AML rules to...
7206 views comments | 15 tweets | 24 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job