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Financial Market Infrastructures Cite Progress, Concerns with Blockchain Technology

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Financial Market Infrastructures Cite Progress, Concerns with Blockchain Technology

Introduction

This article was posted on Tuesday, 16:24, UTC.

Financial Market Infrastructures (FMIs), which include exchanges, central clearing houses and central securities depositories, are focusing on blockchain or distributed ledger technology (DLT) applications that create cost savings and efficiencies primarily, but some are also pursuing new opportunities, according to a World Federation of Exchanges (WFE) report. FMIs, due to the youth of DLT technology, are not certain how fully the technology will fulfill what it promises. They also recognize risks including maintaining security standards across legal and regulatory uncertainty. FMIs Favor Collaboration FMIs currently favor collaborative engagement with regulators as the technology’s applicability to capital markets evolves. WFE teamed with…

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Lester Coleman

Lester Coleman

Lester Coleman is a veteran business journalist based in the United States. He has covered the payments industry for several years and is available for writing assignments.

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