Earlier this week, the International Swaps and Derivatives Association (ISDA) published papers about the legal issues surrounding derivatives and distributed ledger technology (DLT).
For several years ISDA has been exploring how DLT could be used to reduce costs for market participants. This includes creating the Common Domain Model (CDM), a digital standard that covers events and processes involved in processing derivative transactions, although it’s not limited to blockchain.
But in addition to a technical roadmap, there’s a need to clarify potential legal uncertainties.
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