The tokenization of securities is taking off, and securities firms are moving fast to take advantage of what could be a long-promised leap forward via distributed ledger technology (DLT), otherwise known as blockchains. For securities, tokenization is the ownership of a traditional financial asset but expressed as digital tokens tied to a distributed ledger that… Read More >>
DTCC Wants U.S. Equities to Shorten Settlement Again
In the wake of the move to a shorter T+2 settlement cycle last year, the DTCC is putting forward new proposals to optimize and hasten the time to settlement for U.S. equities markets. Specifically, the DTCC wants to “move settlement of eligible equity trades at its subsidiary, National Securities Clearing Corp. (NSCC), from the afternoon… Read More >>
