Central Banks: Blockchain Will Overhaul Securities Settlements

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The European Central Bank and the Bank of Japan have released a joint report claiming that distributed ledger technology (DLT) can generate new securities settlement mechanisms, such as “cross-chain atomic swaps” among unconnected ledgers. The 52-page report is titled, “Securities settlement systems: delivery-versus-payment in a distributed ledger environment.” DLT’s Impact On Securities Delivery Project Stella,

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