Cunliffe highlighted the opportunities of using DLT technology for trade and post-trade settlements, which encapsulates all the processes that follow a trade. For instance, DLT allows both equities and debt instruments to be combined in a single ledger and facilitate instant trades. Smart contracts, which are programmable to execute different functions, offer “the potential to add layers of additional functionality and features,” Cunliffe said.
Extend Existing Standards to Crypto Before Sector Threatens Stability, Not After, Urges BOE’s Cunliffe
