Building the Digital Assets Ecosystem
Amid the rapid evolution in distributed ledger technology (DLT) and Digital Asset Securities, three of the world’s largest Financial Market Infrastructures — DTCC, Clearstream and Euroclear, in collaboration with Boston Consulting Group unveiled a new blueprint to build a digital asset ecosystem for the industry in a new white paper, Building the Digital Asset Ecosystem.
Key Takeaways
• By 2030, the tokenization of global illiquid assets is projected to be a $16 trillion business opportunity yet progress on institutional adoption has reached an inflection point as firms fail to progress or prioritize broad ecosystem development.
• New white paper from DTCC, Clearstream and Euroclear outlines the Digital Asset Securities Control Principles (DASCP), serving as a guide to navigate the current challenges and foster operational excellence in financial markets driven by DLT.
• These six DASCP principles aim to promote the successful adoption of tokenization and digital asset securities (excluding cryptocurrencies) and details a comprehensive set of risk management controls to underpin the future of digital markets.
