This week, the International Securities Services Association (ISSA)
published a report on implementing blockchain-based digital assets. Authored by members of the Association’s Distributed Ledger Technology (DLT) working group, it outlines practical steps in issuance, settlement, custody, and servicing of crypto-assets.
The group focuses on industry-wide DLT acceptance and has explored blockchain since 2017 when it published reports on
proxy voting. In 2018, it began its research on crypto-assets, releasing a paper on infrastructure; the precursor of this week’s publication:
Crypto-Assets: Moving from Theory to Practice.
Over 30 authors are credited, including working group leaders from
Euroclear,
SIX, and Russia’s National Securities Depository (NSD). In fact, NSD Russia hinted at its relationship with ISSA
last month, and included an asset risk chart in its report which also appears in this paper. Other contributors hail from the Abu Dhabi Securities Exchange (ADX),
ASX,
Standard Chartered, SWIFT,
Citibank, and
Nivaura.
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