DTCC, Euroclear, and Clearstreem Collaborate to Develop Blueprint for Global Digital Asset Ecosystem

According to Odaily, DTCC, Euroclear, and Clearstreem have announced their collaboration with Boston Consulting Group to develop a blueprint for the global digital asset ecosystem. The document, titled 'Jointly Advancing the Digital Asset Era', reportedly involves a review of approximately 100 regulations and white papers across multiple jurisdictions, as well as over 20 interviews with various market participants and technology providers. Nadine Chakar, the Global Head and Managing Director of Digital Assets at DTCC, stated that while many companies recognize the potential of blockchain technology, including lower risks and costs, the financial services industry still needs to shift towards distributed ledger technology. The blueprint includes six principles: legal certainty, regulatory compliance, resilience and security, protection of customer assets, connectivity and interoperability, and operational scalability.