Blockchain has ushered in a new era in the finance world – when financial or real assets are digitised on the blockchain, costs are lowered, intermediaries are removed and counterparty risk is reduced.
Following on from the likes of Fidelity and Nomura providing custody for these types of assets, Globacap CEO Myles Milston believes that several large exchanges or banks will have deployed blockchain technology by the end of 2020 to replace at least some of their existing processes. The greater awareness this brings is likely to kickstart a longer-term transformation in the capital markets industry.
View the full story on Asset Servicing Times to discover Myles’ – and other experts’ – views on the changing attitudes towards digital assets across institutional investors.
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