The Case for a CSD for Digital Assets: Chapter 2 – The Future of Finality
While blockchain technology offers operational assurances and the promise of immutable ledgers, true settlement finality is a legal concept, not a feature of code. Without enforceable legal frameworks, digital asset transactions remain vulnerable to reversal, dispute, and systemic risk.
Horizontal Clearing and the Next Phase of Digital Asset Markets
This article examines the crossroads facing digital asset market structure and how it mirrors the challenges once faced in traditional finance. Focusing on the equities options market, we explore how the inefficiencies caused by vertical exchange silos and fragmented liquidity were solved through a horizontal clearing layer, and why digital assets require the same architectural evolution to scale today.
The Fuse Podcast: The future of digital assets
The discussion dives into the infrastructure, regulatory frameworks, and market forces shaping the future of tokenization and digital finance. The panel look at issues including the role of financial market infrastructures, challenges to the adoption of digital assets, opportunities for inclusion and innovation, and the regulatory landscape in the U.K. and beyond.