Tag "Distributed Ledger Technology (DLT)"
Regulatory Clarity and Digital Innovation Enable Digital Bond Growth in Switzerland
The Distributed Ledger Technology (DLT) Act of Switzerland has placed the country among the global leaders in digital asset regulations and enabled the development of a rich and diverse ecosystem centered around DLT-based applications and systems. The regulatory clarity provided
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Application of DLT in Capital Markets Could Help Save Billions of Dollars in Operational Costs
Distributed ledger technology (DLT) has the potential to deliver transformative benefits for capital markets, helping deliver billions of dollars in cost savings through improved operational efficiency, broader market access and opportunities for value creation, a new report by the Global
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Swiss Banks Unlikely to Migrate to Blockchain, DLT Systems, Says SNB Advisor
While some banks have started experimenting with blockchain and distributed ledger technology (DLT), widespread migration to these systems are unlikely to occur due to a number of roadblocks, including regulatory and compliance challenges, the high costs of the endeavor, as
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Swiss Central Bank Payment Vision Outlining Focus on DLT, Tokenization and Instant Payments
The Swiss National Bank (SNB) has shared how it intends to “future-proof” the domestic payment ecosystem, outlining its ambition to leverage technologies and processes including tokenization and distributed ledger technology (DLT) to establish an “efficient, reliable and secure ecosystem” that’s
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Swiss Bankers Association Makes Case for Digital Swiss Franc
In Switzerland, the introduction of a digital Swiss franc could further boost the local digital asset industry, foster innovation in the domestic market and support the Swiss franc as a means of payment, the Swiss Bankers Association (SBA), the country’s
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The City of Lugano Issues Its First Native Digital Bond on SDX With ZKB
The city of Lugano, Switzerland, launched a 6-year CHF senior unsecured bond with a total issue volume of CHF 100 million and a maturity in 2029. By issuing the first native digital bond, the city of Lugano is pioneering this
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Market Participants See Potential in DLT and Tokenization to Shorten Settlement Cycle
The clearing and settlement landscape is on the brick of a major transformation, driven by the accelerated pace of technology development and adoption. In the coming years, market participants expect the settlement timeframe to substantially shorten as technology continue to
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What You Need to Know About EU’s Crypto Framework
The European Union (EU) brings crypto-assets, crypto-asset issuers and crypto-asset service providers under a regulatory framework for the first time. The Council presidency and the European Parliament reached a provisional agreement on the markets in crypto-assets (MiCA) proposal which covers
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Project Helvetia Successfully Integrates DLT-Backed Wholesale CBDC Into Existing Core Banking Systems
In Switzerland, Phase II of Project Helvetia has been completed, successfully demonstrating that it is possible to integrate a wholesale CBDC (wCBDC) running on a distributed ledger technology (DLT) platforms into existing core banking systems. Kickstarted in 2020, Project Helvetia
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What are Stablecoins and What Risks and Opportunities Do They Bring?
Stablecoins, or digital tokens with values tied to fiat currencies or other assets, have surged in popularity over the past year on the back of booming cryptocurrency transaction activity, the emergence of decentralized finance (DeFi), and a large rise in
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