存, 清泉案, and Euroclear released a new white paper to the industry - Advancing the Digital Asset Era, 在一起, which calls for increased collaboration to progress an ecosystem that currently includes fragmented standards, 不同的监管措施, limited integrations with institutional-grade payment rails and siloed liquidity – all limiting factors to the further digitalization of global financial markets.
在过去的几年里, the industry’s efforts around the use of new technologies have accelerated learning and helped market participants to identify the benefits of and constraints related to DLT on a smaller scale. Firms have documented the early operational and liquidity benefits of DLT and digital assets (often at an experimental level) and have begun to evidence their ability to radically reshape securities issuance, accelerate settlements and empower data transparency.
今天, these potential benefits are becoming increasingly achievable for market participants, leading to an increase in technical maturity, regulatory evolution and market adoption. 证明了什么是可能的, the focus of many industry 平台 and players is now on deepening the functional capabilities of their 平台 and integrating them into existing processes, while adding new counterparties to their DLT networks to drive instrument liquidity and production scale.
While the last several years have seen a growing number of initiatives seeking to establish digital asset-based solutions, the paper suggests that industry-wide transformation will likely slow, unless these challenges are addressed. The paper highlights two constraints – scale and interoperability – that must be addressed as priorities.
作为fmi, 存, 清泉案 and Euroclear bring their expertise in innovation and driving industry transformation to address these challenges. They view their role as helping to drive digital transformation in the industry by facilitating scale, ecosystem connectivity and industry-wide consistency through collaborate with the industry, ultimately reducing the costs of connectivity and enabling consistent operating standards across processes, 平台, 数字资产本身.
Working in collaboration with industry players, the three firms aim is to connect the industry and to break down barriers to digital asset security adoption (with a focus on real-money assets) by facilitating:
- Reduced costs of connectivity and entry for existing and new market entrants.
- Standardization of processes across the digital asset lifecycle — and hence, reduced operating risk and costs.
- Consistent operating standards for 平台, assets and smart contracts within a well-regulated framework.
- Increased optionality and choice of 平台, facilitating connectivity through greater industry consensus on integration and standards.
- Improved interoperability between traditional securities and payment infrastructures, supporting ongoing automation across the asset lifecycle.
“We are at an inflection point as an industry when it comes to DLT and digital assets,” said 詹妮弗Peve, 存 Managing Director, Global Head of Strategy & 存的创新. “With digital assets forecasted to grow in value to around $16 trillion over the next 15 years, now is the time to assess what is needed to propel advancement.
“While we have all accelerated our learnings and identified the benefits of and constraints related to DLT on a smaller scale in recent years, there is broad recognition of the growing need for well-regulated, neutral players to provide trust, resilience and standardized connectivity in their respective ecosystems – the role FMIs like 存 have played for decades – to drive digital asset adoption,她补充道。.