With the securities industry experimenting with blockchain across the post-trade market, Morgan Stanley analysts anticipate that blockchain presents a threat / opportunity to the $77 billion post-trade market. Daniel P. Toohey and team point out in their June 2 research piece titled “Global Insight: Blockchain- Is ASX set to shape a brave new world?” that within the equities value chain, central securities depositories (CSDs) seem best placed to drive innovation as they maintain a record of ownership.
ASX is pioneering a blockchain proof of concept
Toohey and colleagues point out that though the securities industry is experimenting with the ledger across the post-trade market, within equities, the most progressed is the ASX-planned replacement of the CSD with a blockchain solution.
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