The Global Financial Markets Association says regulators “shouldn’t ignore” the potential for distributed ledger tech to drive growth and innovation in traditional markets.
Around $100 billion a year or more could be saved if distributed ledger technology was used in traditional markets, claims a new report from the Global Financial Markets Association ., the traditional finance sector lobby group, along with international consulting firm Boston Consulting Group and others, asked both regulators and traditional financial institutions to take a more serious look at the upsides of the technology.
According to the report, using distributed ledgers to streamline collateral processes in derivatives and lending markets could see an additional $100 billion saved.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Economy | CNN BusinessKate Spade’s $500 “sheepdog” bag is an example of how companies keep raising prices -- and consumers keep paying them.
Read more »
DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study SaysThe Global Financial Markets Association called for regulators to be more open to the tech underpinning cryptocurrency.
Read more »
BoC Financial System Survey: Confidence in financial system was at multi-year highs before US crisisThe Bank of Canada (BoC) Financial System Survey (FSS), conducted between February 21 and March 10, showed that confidence in the resilience of the Ca
Read more »
California-based woman buys 3 crumbling houses in Italy for $3.30A California-based woman bought 3 abandoned houses in a Sicilian village for $3.30, cashing in on Italy's desperation to repopulate its fast-emptying ghost towns
Read more »
The $1,400, TikTok-famous shoes that make you walk fasterA viral TikTok video of a strap-on shoe that helps you walk faster has gotten 25 million views. The founder says it's designed for everyone — even though it costs $1,400.
Read more »
Morning Bid: Debt impasse dominates in big day for politicsA look at the day ahead in European and global markets from Kevin Buckland.
Read more »