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Although asset managers initially explored Bitcoin as a new investment opportunity, it is digital securities settlement infrastructure inspired by Bitcoin’s underlying technology, blockchain, that may have a greater impact on buy-side firms.
Central counterparties (CCPs) are currently the chosen mechanism for reducing settlement risk in cash equities markets. They provide risk mutualization through novation and balance sheet efficiencies through netting, resulting in tangible benefits for individual clearing members and financial...
In early-May, Paxos CEO Charles Cascarilla joined a panel of industry experts from Nasdaq, CME Group and Digital Asset Holdings at Consensus 2016 to discuss how blockchain technology can impact securities clearing and settlement.