🚀 The road to $16trn in tokenized illiquid assets Financial market infrastructure serves a critical role in establishing an industry-wide digital asset ecosystem to drive acceptance of tokenised currencies and assets. The Depository Trust & Clearing Corporation (DTCC), Clearstream, and Euroclear – in collaboration with Boston Consulting Group (BCG) BCG X , outline key essential principles in ensuring legal certainty, encouraging regulatory compliance, developing resilient and secure infrastructure, safeguarding customer assets, facilitating connectivity and interoperability, and striving for operational scalability. Whitepaper: https://lnkd.in/eBxYFHhv #digitalassets #digitalcurrencies #illiquidassets #riskmanagement #interoperability #scalability

Have you already read our newest paper on #digitalassets in collaboration with The Depository Trust & Clearing Corporation (DTCC) and Euroclear? If not, this is your chance! Get your copy here ➡ https://lnkd.in/en4DP93W And learn about the six principles developed by three of the world’s largest financial market infrastructures together with Boston Consulting Group (BCG) to promote the successful adoption of tokenisation and digital asset securities. They should serve as a roadmap for the industry to come together and develop comprehensive standards for the digital asset marketplace.     

The only game in town when it comes to the evolution of digital assets/tokenisation - Collaboration! Collaboration between competitors is not just beneficial—it's essential. 🚀 #settingstandards #buildingtrust #buildinginfrastructure #protectingconsumers

🤝🏻 Collaborating for the future of #DigitalAsset securities! The #tokenisation of global illiquid assets is projected to be a USD 16 trillion business opportunity by 2030. However, progress on institutional adoption has reached an inflection point as firms continue innovating in silos, with small-scale initiatives that fail to progress or prioritise broad ecosystem development. In this context, Financial Market Infrastructures (#FMIs) have a crucial role to play. At Euroclear, we have partnered with The Depository Trust & Clearing Corporation (DTCC) and Clearstream, with the support of Boston Consulting Group (BCG), to lay out a blueprint for establishing an industry-wide digital asset ecosystem to drive acceptance of #TokenisedAssets in our whitepaper '𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁 𝗘𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺'. The #whitepaper introduces principles for managing #DigitalAssets, focusing on legal clarity, regulatory adherence, security, and operational efficiency. This framework is designed to ensure robust, compliant, and scalable solutions in the evolving landscape of #tokenization. Visit #Euroclear website to learn more about 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 𝗖𝗼𝗻𝘁𝗿𝗼𝗹 𝗣𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲𝘀 (#DASCP): 👉 https://lnkd.in/ghzwsf7x

What are the 𝘀𝗶𝘅 𝗽𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲𝘀 𝗳𝗼𝗿 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗮𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗼𝗸𝗲𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗮𝘀𝘀𝗲𝘁 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀? Together with The Depository Trust & Clearing Corporation (DTCC) and Clearstream, at Euroclear we have identified the following: ✔ 𝗟𝗲𝗴𝗮𝗹 𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆 ✔ 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 ✔ 𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲 𝗮𝗻𝗱 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 ✔ 𝗦𝗮𝗳𝗲𝗴𝘂𝗮𝗿𝗱𝗶𝗻𝗴 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗮𝘀𝘀𝗲𝘁𝘀 ✔ 𝗖𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗮𝗻𝗱 𝗶𝗻𝘁𝗲𝗿𝗼𝗽𝗲𝗿𝗮𝗯𝗶𝗹𝗶𝘁𝘆 ✔ 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝘀𝗰𝗮𝗹𝗮𝗯𝗶𝗹𝗶𝘁𝘆 The six principles above are intended to serve as a roadmap for the industry to come together and develop comprehensive standards for the #DigitalAssets marketplace. 📖 Download the whitepaper '𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁 𝗘𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺' from #Euroclear website to learn more about #DASCP

Great initiative to foster open, inclusive, efficient, and resilient #clearing and #settlement platforms amid the fast changing technology landscape. One of the key challenges for a successful and scalable adoption of digital assets securities would be to develop robust and comprehensive industry standards. And the six principles set out in this #DASCP blueprint can be a starting point. 👏 Kudos to the #FMIs involved in this very important initiative, The Depository Trust & Clearing Corporation (DTCC), Clearstream and Euroclear. #tokenisation, #atomic, #settlement, #PFMI

TradFi giants are working to together to form digital asset ecosystems centred on Digital Asset Securities Control Principles (DASCP) 📌 Who? The Depository Trust & Clearing Corporation (DTCC), Clearstream, Deutsche Börse, Euroclear and Boston Consulting Group (BCG) have published this, their second whitepapaper 📌 What? - The beginning of their collaboration was marked by their first white paper, “Advancing the Digital Asset Era, Together.” - This is their second whitepaper focused on “Digital Asset Securities Control Principles” (DASCP) 📌 Key Takeaways 1️⃣ Comprehensive Framework Development  2️⃣ Foundational Principles for Industry Standardization 3️⃣ Identifying Risks and Establishing Controls 4️⃣ Encouraging Active Industry Participation  5️⃣ Future-Proofing Financial Markets  6️⃣ Transition to Industry-Wide Engagement Regulation bring standards, standards bring adoption #ecosystems

When organizations totaling ~US$147 trillion (yes, trillion) of assets under custody talk about "Building the Digital Asset Securities #Ecosystem", you know its serious business 🤑🤑🤑 📌 Implications and impact 📌 1️⃣ I wrote about DTCC, Euroclear, and Clearstream's first triparty #collaboration in 2023, and likened it to Woodstock 2.0 -- a once in a lifetime, legendary partnership by industry giants 2️⃣ Agreed that the global financial markets have typically "leaned on financial market infrastructures (FMIs) to drive change"... 3️⃣ ...as realistically, it is almost impossible to adopt new financial technologies and #innovation (at scale) without the blessing or participation of major incumbent FMIs 4️⃣ This latest industry paper, in partnership with Boston Consulting Group (BCG), showcases a series of '#DigitalAsset Securities Control Principles' (DASCP), a framework outlining i) overarching principles, ii) risks, and iii) controls 5️⃣ DASCP aims to provide the industry with a proposal on how digital assets can be managed, regulated, and scaled, via industry-wide alignment... 6️⃣ ...and to this end, has identified a 'pragmatic' 36 unique risks and 57 unique controls 7️⃣ Overall, think this is a good step towards fostering broader digital asset adoption -- at least the industry is trying to triangulate on a common language 👏 8️⃣ Unsurprisingly, migrating or augmenting legacy infrastructure with literal quadrillions of transaction volumes is no easy feat (see below: ASX case study) 9️⃣ Think that 'killer Web2.5 apps' such as the DTCC's Smart NAV and Euroclear / Clearstream's e-Global Note will pave the way by gradually evolving existing workflows and user behavior 🔟 Indeed, Nadine Chakar said it best, where: "Constant dialogue in working through the issues at a very granular level eventually leads to success... but it does take collaboration and cooperation from both ends" 🤝 The Depository Trust & Clearing Corporation (DTCC) Euroclear Clearstream Frank La Salla Sam Riley Valérie Urbain Renee Berman Doug Meyers Robert Lanni Thilo Derenbach Vic Arulchandran Jørgen Ouaknine Stephanie Lheureux Frédéric Brugère Dr. Bernhard Kronfellner Robert Baksa Alexandre Lefoulon