20 August 2017
Find out more

CSDs aim to build distributed ledger for mobilising scarce collateral

18 January 2017  |  5476 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  |  7809 views  |  0 comments | 20 tweets | 17 linkedin
CSDs look to harness distributed ledger technology

CSDs look to harness distributed ledger technology

27 September 2016  |  4683 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  |  5527 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  |  7557 views  |  0 comments | 10 tweets | 13 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.niceactimize.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9016 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7854 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7257 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6468 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6339 views comments | 11 tweets | 9 linkedin