In 2022, we undertook a deep exploration of the benefits of digitization across post-trade, starting with the ability of digital ledger to transform a set of largely, sequential, highly manual set of activities.
After years of talking about what could happen, we are now seeing change take place in real time… and momentum is accelerating. The launch of individual applications from Broadridge, Goldman Sachs, HSBC, HKEX, Nasdaq, Tradeweb, Versana and more formed the foundation for improved capital markets. They delivered significant benefits, from better, faster issuance and syndication to accelerated settlement, more efficient repo, and more.
The introduction of the Canton Network in May 2023 reflected the growing understanding that no one provider could ‘go it alone’. Rather than creating isolated digital solutions, Canton was designed for interoperability—ensuring that financial applications could connect seamlessly while also enabling application owners to control access to their application. More than $16 Bn of assets (including $8Bn in bonds) have been issued over the last 5 years, and more than half of those bonds were issued on Canton-connected applications.
In addition to interoperability, transparency and synchronization, Canton is the only L1 blockchain with privacy – and privacy is key to unlocking the full benefits of blockchain technology across post trade and capital markets.
Each chapter of this ebook is a deep dive into a particular post-trade activity. We discuss the challenges inherent in traditional markets and how DLT can create efficiency, reduce risk and increase transparency.
What's inside: