Today the International Securities Services Association (ISSA) published its latest DLT in the Real World survey. It shows that institutions rate DLT as increasingly important from a strategic perspective, particularly exchanges, CSDs, wealth management firms and custodians. Asset managers were the group that considered it least important.
The quantity of projects in progress is roughly the same as last year across all stages, ranging from proofs of concepts to production. Only 8% of live projects generated more than $500 million in annual turnover, with 68% having $10 million or less. Digital bonds are the most active segment, followed by payments, crypto and securities financing/collateral.
Cost savings are increasingly the top motivation for DLT projects, followed by new revenues, although this declined as a motivation compared to last year. There’s an increasing appetite in DLT for treasury liquidity, which makes sense in a high interest rate environment.
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