Ripple Integration With ISDA Ushers In $1.2 Quadrillion Market, Can XRP Breach $100?

XRP, the native token of Ripple, is poised to take part in a $1.2 quadrillion derivatives market following Ripple’s integration into the ranks of the ISDA ushers.  XRP To Enter The $1.2 Quadrillion Derivatives Market Earlier in August 2023, Ripple, a crypto payments solution, announced its membership with the International Swaps and Derivatives Association (ISDA). The strategic move came as a pleasant surprise to XRP community members, as it positioned XRP to fully partake in the massive $1.2 quadrillion derivatives market.  Ripple’s entry into this prestigious club is seen as…

ISDA releases standard definitions for digital asset derivatives

The International Swaps and Derivatives Association (ISDA) is working on two papers to address fundamental legal risks in the crypto markets, such as the insolvency of crypto exchange firms, according to a statement released on Jan. 26.  The initiative was motivated by the collapse of crypto exchange FTX and previous bankruptcy cases that “prompted a cascade of liquidity and solvency concerns across the crypto ecosystem.” Along with other things, the papers will offer guidance for market participants regarding crypto ownership and the role of intermediates in the event of bankruptcy.…

Chairmen from the SEC and CFTC talk crypto regulation at ISDA meeting

The annual meeting of the International Swaps and Derivatives Association (ISDA) began Wednesday in Madrid. United States Securities and Exchange Commission (SEC) chairman Gary Gensler and U.S. Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam were both featured as keynote speakers at the event, with Behnam speaking at the morning session, and Gensler in the afternoon.   Behnam spoke at length about “a request for an amended order of registration as a derivatives clearing organization (DCO) by an entity seeking to offer non-intermediated clearing of margined products to retail participants,”…

Derivatives Trade Association ISDA to Develop Common Standards for Crypto Assets

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Blockchain Firm Digital Asset and ISDA Eye Smart Contract Use in Derivatives Trading

Distributed ledger technology (DLT) provider Digital Asset is collaborating with the International Swaps and Derivatives Association (ISDA) to develop a new tool that can support the use of smart contracts for derivatives trading. The news was revealed in an ISDA press release on April 9. The two parties’ collaboration focuses on creating interoperable technical solutions that advance standardization. According to the press release, this will allow for greater automation of derivatives trade management via the use of Digital Asset’s proprietary smart contract modelling language. Specifically, they will work together to…