| Table of Contents |
|---|
Key Points
...
| Table of Contents |
|---|
Key Points
- public and private markets are regulated differently
- markets, securities, trading and settlement are subject to the regulations for the related jurisdictions those activities occur in
- all parties should "lean into" regulations, not away from them > work with regulators to make it easy, transparent, accurate, useful, timely
Key Items
References
...
https://www.dtcc.com/settlement-and-asset-services/issuer-services/how-issuers-work-with-dtc
Securities Markets & Trading
- many jurisdictions, markets, marketplaces, exchanges, participants
- assets both real and tokenized
- payments in many different formats
- many networks connect to enable markets, trading, clearing, settlement, custody and more
Securities Clearing and Settlement
...
wholesale and retail markets
A Prefunded Account is a collateralised trading account where the trading limit is equivalent to the amount of funds deposited into the account. It lets you enjoy lower online brokerage rates for SGX and other markets.
Prefunded Load
...
- Buyer and Seller have accounts with a decentralized exchange ( DEX )
- Buyer and Seller have software or hardware wallets and applications to access their DEX platform
- the DEX platforms can access ALL related assets for sale on ALL DEX s to get the best prices ( not true in crypto now )
- the DEX platforms are backed by custodian banks with insurance on assets from bank failure ( not true in many cases now )
- the DEX trading fees are low ( not as low as CeFi - Classic Finance platforms now )
- the DEX purchase fees for purchases of products ( eg debit cards ) are low ( similar or higher than existing bank debit cards )
- the DEX withdrawal fees for withdrawal of fiat for crypto are zero ( no they are very high today )
- the DEX provides fully compliant KYC, AML and OFAC verifications on all account holders and asset transfers ( usually not true )
- the management of accounts, funds and trades at a DEX involves no security risks or identity theft risks ( not true )
process for escrow settlement of a trade
...
Through Daml, issuers and end investors gain better, timelier access to information and greater control and confidence in their securities processing. After a successful prototype, ASX announced that Daml-driven distributed ledger technology (DLT) would replace CHESS. Its ability to support the stable, orderly function of this high volume market was confirmed by third party security reviews
ASX has also recently launched Synfini, a “DLT as a Service” platform that allows customers to build their own enterprise DLT applications and solutions on the same VMware Blockchain and Daml technology that the ASX is using for its CHESS Replacement project.
The “DLT as a Service” solution includes three elements:
...