The Swiss Capital Markets Association has issued a general standard for storage of Digital assets

The Swiss Capital Markets Association has issued a general standard for storage of Digital assets

The Swiss Association sees a number of advantages in the use of distributed ledger (DLT) technology within the financial markets.

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30 Apr 2020 , 11:34 @ Matey Salt

The Swiss Capital Markets Association has issued a general standard for storage of Digital assets

The purpose of this Regulation is to determine the difference between the storage of cryptocurrencies and traditional assets, basic security and operational requirements.

Fedor Poskriakov, Secretary General of the CMTA, said that this step could significantly support the digital development of capital market infrastructure, and that the development of overall digital financing is essential.

The CMTA emphasizes that the storage of digital assets is significantly different from traditional assets, traditional assets are a centralized system, while digital assets are based on encryption mechanisms.

The Swiss Association sees a number of advantages in the use of distributed ledger (DLT) technology within the financial markets. The CMTA points out, in particular, that the DLT simplifies the process of financing small and medium-sized enterprises.

In this style, Blockchain will enable small and medium-sized enterprises to issue and trade securities on distributed platforms, and can compete with large companies in the market thanks to their digital infrastructure.

About CMTA

“The CMTA aims to facilitate the use of distributed ledger technology (DLT) in the field of capital markets. The CMTA was created with the idea that DLT – and more particularly blockchain technology – has the potential to simplify the financing of companies and democratize their access to financial markets, which is for the time being, essentially reserved for large companies.”

Source: CMTA

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    Matey Salt

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