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DTCC, Clearstream, and Euroclear Propose Digital Ledger Interoperability Framework

According to a joint report with Boston Consulting Group, DTCC, Clearstream, and Euroclear outline a five-element framework to improve cross-network operations and compliance for digital asset securities across distributed ledger infrastructures.

Summary

Clearstream, DTCC, and Euroclear, in collaboration with Boston Consulting Group, released an industry report proposing an interoperability framework for digital asset securities markets. The framework defines five key elements intended to streamline cross-network operations and regulatory compliance across distributed ledger technology (DLT) infrastructures.

Terms & Concepts
  • Interoperability: The capability for distinct blockchain or DLT networks to exchange data and assets seamlessly, enabling coordinated operations across platforms.
  • Digital asset securities: Blockchain-based representations of regulated financial instruments such as equities or bonds, designed to operate within existing securities laws.
  • Distributed Ledger Technology (DLT): A decentralized record-keeping system across multiple nodes; here, it underpins post-trade infrastructures linking tokenized securities platforms.