Earlier today the DTCC, Clearstream and Euroclear argued that they should play a major role in institutional digital assets. Currently, there are too many small tokenization initiatives that lack standards. Liquidity is fragmented and many solutions are not scalable. The three financial market infrastructures (FMIs) believe they can help.
Both the DTCC and Clearstream have participated in major DLT initiatives since the early days. They certainly have the knowledge and know-how to play leading roles. Like they say, they have the ability to coordinate amongst industry players and to help set standards.
So why wouldn’t the industry want them to take a leading role?
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