Digital Asset Set for ‘Year of Execution
Talal Ahmad Ch
Helping Founders, Brands, and Companies To Empower Their Businesses | Certified Shopify Developer and Consultant | Serial Entrepreneur | CEO & Founder | Driving Web Development Excellence
https://www.marketsmedia.com/digital-asset-set-for-year-of-execution/
2023 is the 'Year of Execution' for?Digital Asset.
Digital Asset's customers are generating real tangible value by enhancing existing businesses/systems with DLT. Customers like regulated exchanges, systemically important banks and data distributors have applications in production that are creating new revenue opportunities and reducing historical costs and risks.
This article highlights some of our customers' recent milestones and achievements.
??Goldman Sachs?Digital Asset Platform issued a €100m digital bond, the first fully digitally native bond with same-day settlement and also the first syndicated digital bond issued by a public institution to be admitted on the?Luxembourg Stock Exchange's Securities Official List.
? GS reduced settlement times from T+5 to T+60 seconds.
??Broadridge?Distributed Ledger Repo is now processing $1TN repo monthly volume, with the goal of reaching $1TN daily volume, equal to 25% of the US repo market.
?Synchronizing multiparty workflows throughout the lifecycle of a transaction enables shorter settlements and improved capital efficiency.
? Enabling customers to implement T+1 or T+0 settlements to comply with the SEC's ruling that goes into effect May 2024.