Alan Lim’s Post

#SocGen Forge joins #JPM, #Citi, #BNY, #MUFG in Global Layer 1 #DLT initiative The Monetary Authority of Singapore (#MAS) has successfully completed the first phase of its Global Layer One (#GL1) initiative, a public permissioned distributed ledger technology (DLT) network aimed at tokenization within the financial industry. This initiative, which now includes Societe Generale Forge, Citi, JP Morgan, BNY Mellon, and MUFG, seeks to modernize legacy systems by facilitating interoperability, enhancing asset mobility, and fostering new business models. The successful completion of GL1’s first phase signifies a crucial step toward establishing an open standard for financial technology. https://lnkd.in/enVTCQHK

Have you already read our newest paper on #digitalassets in collaboration with The Depository Trust & Clearing Corporation (DTCC) and Euroclear? If not, this is your chance! Get your copy here ➡ https://lnkd.in/en4DP93W And learn about the six principles developed by three of the world’s largest financial market infrastructures together with Boston Consulting Group (BCG) to promote the successful adoption of tokenisation and digital asset securities. They should serve as a roadmap for the industry to come together and develop comprehensive standards for the digital asset marketplace.     

In her fireside chat “Market infrastructure providers discussion on Digital Bonds”, Fabianna Del Canto, Co-Head of EMEA Capital Markets, MUFG Securities spoke with Alexandre Kech, Head Digital Securities, SIX Digital Exchange and Jørgen Ouaknine, Group Head of Innovation and Digital Assets, Euroclear.  The discussion was wide-ranging, covering the rise of AI and its potential impact upon the issuance and trading of digital bonds, as well as the concerns of the investment community in allocating to digital bonds. #fintech #digitalassets #dlt #digitalisation #capitalmarkets

🤝🏻 Collaborating for the future of #DigitalAsset securities! The #tokenisation of global illiquid assets is projected to be a USD 16 trillion business opportunity by 2030. However, progress on institutional adoption has reached an inflection point as firms continue innovating in silos, with small-scale initiatives that fail to progress or prioritise broad ecosystem development. In this context, Financial Market Infrastructures (#FMIs) have a crucial role to play. At Euroclear, we have partnered with The Depository Trust & Clearing Corporation (DTCC) and Clearstream, with the support of Boston Consulting Group (BCG), to lay out a blueprint for establishing an industry-wide digital asset ecosystem to drive acceptance of #TokenisedAssets in our whitepaper '𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁 𝗘𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺'. The #whitepaper introduces principles for managing #DigitalAssets, focusing on legal clarity, regulatory adherence, security, and operational efficiency. This framework is designed to ensure robust, compliant, and scalable solutions in the evolving landscape of #tokenization. Visit #Euroclear website to learn more about 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 𝗖𝗼𝗻𝘁𝗿𝗼𝗹 𝗣𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲𝘀 (#DASCP): 👉 https://lnkd.in/ghzwsf7x

Delighted to participate in #DAW23 “The Electronic Trade Documents Act clearly demonstrates how the UK can effectively legislate for the opportunities of our new technologies. We can develop this approach with the draft Digital Assets Bill, similarly drafted by Professor Green and her excellent team at The Law Commission.” “This incremental, pacey approach to technology neutral, technology future proofed legislation will enable citizens, companies, cities and our country to gain optimum advantage from the UK’s unique combination of financial services ecosystem, new technologies business’ and our great good fortune of English common law.” #financialservices #digitalassets #digitalization #tokenization

🚀 The road to $16trn in tokenized illiquid assets Financial market infrastructure serves a critical role in establishing an industry-wide digital asset ecosystem to drive acceptance of tokenised currencies and assets. The Depository Trust & Clearing Corporation (DTCC), Clearstream, and Euroclear – in collaboration with Boston Consulting Group (BCG) BCG X , outline key essential principles in ensuring legal certainty, encouraging regulatory compliance, developing resilient and secure infrastructure, safeguarding customer assets, facilitating connectivity and interoperability, and striving for operational scalability. Whitepaper: https://lnkd.in/eBxYFHhv #digitalassets #digitalcurrencies #illiquidassets #riskmanagement #interoperability #scalability

Good summary by Lawrence here from Digital Assets Week on the scale up of tokenisation and potential for digital assets in the wholesale financial space.

Tokenisation of Real World Assets. The new narrative is only beginning. Be prepared for the future where every physical asset will be Tokenised. Contact Galileo Protocol Today to get your journey started! Your one stop shop to create digital twins of your goods and transfer them seamlessly to the Galileo Protocol marketplace where they can be traded globally on an interoperabile platform. #luxurybrands #tokenisation #RWA #blockchain #metaverse #artificialintelligence #machinelearning #marketplace #salesandmarketing