Distributed Ledger Technology In Securities Clearing And Settlement: Some Issues


This paper explores the potential role of DLT in securities markets, using the equity market as an example. The paper discusses potential benefits and costs, drawing out limitations and challenges in the adoption of the new technology, as well as regulatory considerations. Despite the heightened interest in DLT, the paper concludes that the likely path is incremental adoption of the technology rather than wholesale replacement of the existing infrastructure.


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