Monday 6 March 2017

DVP Securities Settlement on DLT White Paper

Granularity has been pleased to collaborate with RISE Financial Technologies to compose a white paper on DVP on DLT: Linking Cash and Securities for Delivery vs Payment Settlement in Distributed Ledger Arrangements.  RISE won the SIBOS 2016 SWIFT Innotribe Challenge to bring the blockchain to securities post-trade processing and is now proceeding with a proof of concept of its DVP on DLT solution for SWIFT and potential customers.

The link for the DVP on DLT paper is:  https://docsend.com/view/c9uand3.

The aim of the white paper is to show the current feasibility of integrating DVP on DLT with legacy centralised settlement operations for better near real-time settlements, operations and security, and to signpost some of the challenges of DLT integration and migration.  We expect a phased progression to DLT settlements respecting existing settlement system operations and the CPMI-IOSCO Principles for Financial Market Infrastructures.

Please feel free to forward and share this white paper with colleagues or others you believe will find it of interest.

We would welcome your feedback or questions as we recognise that this is an area where technology is moving at a rapid pace and legal and regulatory models are still evolving to meet the challenges.

If you have questions, comments or would like more information on RISE solution feasibility, please feel free to contact me.