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The roles of CSDs in a blockchain environment
Journal of Securities Operations & Custody,
12
(2),
167-174
(2020)
Abstract
Blockchain is expected to revolutionise the securities post-trade world. This technology would radically change how securities are maintained and stored by custodians and central securities depositories (CSDs) presently. This could mean that a number of intermediaries in the post-trade area may become obsolete. CSDs, however, are increasingly considering blockchain as enabler of more efficient processing of existing and new services in which they could play a role. In this paper, it will be explained how this blockchain technology will impact the post-trade environment and what (new) roles CSDs are expected to play in the new blockchain environment.
Keywords: blockchain; central securities depositories; post-trade; settlement; tokenisation
The full article is available to subscribers to the journal.
Author's Biography
Carlo R. W. De Meijer is Economist and Senior Researcher for Market Engagement at Royal Bank of Scotland. He has a Master’s degree in International Economics from the University of Tilburg (1977). During his career, Carlo has held various positions, both as a senior economist and private investment advisor. He has published many papers on various economic and financial topics, especially related to international financial markets and to European financial and monetary integration.
