Clearstream, DTCC, and Euroclear Release Digital Asset Securities Interoperability Framework to Promote Unified Standards for DLT Markets

Odaily News Clearstream, DTCC, and Euroclear, in collaboration with Boston Consulting Group (BCG), have released a new industry report proposing a set of interoperability frameworks for the digital asset securities market. The aim is to promote interconnectivity between Distributed Ledger Technology (DLT) markets and ensure the smooth transfer of digital securities across different platforms and infrastructures. The framework outlines five core elements required for the cross-network operation of digital asset securities, including standards for asset and liability representation, ownership identification mechanisms, asset lifecycle and transfer protocols, ledger structure coordination, as well as legal and regulatory compliance. The authors believe that unifying these key elements will help maintain consistent ownership records, operational processes, and compliance standards across different distributed ledger infrastructures. (FinanceFeeds)