Today Delta Capita, the capital markets service provider, announced the launch of its new Distributed Ledger Services venture and the acquisition of the capital markets division of blockchain firm SETL. Its first project is to work on a blockchain-based central securities depository (CSD) for Montis, a subsidiary of digital asset exchange Archax, which is backed by abrdn. Montis is also taking a minority stake in the Delta Capita venture.
During the transition from legacy to tokenized infrastructures, CSDs are a critical interoperability point between new and old infrastructures and different blockchains. The Montis CSD is targeting a Q4 2023 launch and aims to support multiple permissioned blockchains to settle debt and equity digital securities.
“The tokenisation of digital securities is at an inflection point and Montis embraces this new paradigm shift in capital markets,” said Montis CEO Martin Watkins. “Montis is establishing the DLT-based infrastructure required to support the settlement of MiFID-compliant native and non-native digital securities tokens alongside conventional securities.”
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