Crypto-assets were a key topic at least week’s AGM for derivatives trade association ISDA. Key topics covered include ISDA’s work on standards for crypto-assets and regulation of both crypto firms and traditional financial (TradFi) institutions getting involved in the sector.
Numerous cryptocurrency firms are now ISDA members, including Algorand, B2C2, Coinbase, ConsenSys, Elwood Technologies, FTX US, and OK Coin.
Since last year ISDA has been working on contractual standards for cash-settled forwards and options for Bitcoin and Ether. Talking about TradFi institutions, Nicola White, president of B2C2 USA said, “they are looking to get into the space primarily through derivatives as their first foray – they’re not necessarily ready for exposure to the blockchain. They want to get into something they’re comfortable with, they’re used to and their systems support.” Goldman Sachs and Nomura recently said they offer OTC options to clients.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
