The Global Financial Markets Association says regulators “shouldn’t ignore” the potential for distributed ledger tech to drive growth and innovation in traditional markets.
Around $100 billion a year or more could be saved if distributed ledger technology was used in traditional markets, claims a new report from the Global Financial Markets Association ., the traditional finance sector lobby group, along with international consulting firm Boston Consulting Group and others, asked both regulators and traditional financial institutions to take a more serious look at the upsides of the technology.
According to the report, using distributed ledgers to streamline collateral processes in derivatives and lending markets could see an additional $100 billion saved.
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