During yesterday’s Digital Securities and Tokenization event in Frankfurt, several banks including BNY Mellon and HSBC discussed what they learned from digital securities issuances. One of the key takeaways was the need for interoperability, particularly with legacy systems.
While digital securities and tokenization offer huge potential efficiencies as well as new business models, there’s still a way to go to make that happen.
The European Investment Bank (EIB) is the most prolific digital bond issuer and they previously spoke about the need for more custodians that support DLT natively. Failing that the DLT platform needs to support Swift.
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