Digital Asset and Eureclear Start First Project Phase to increase the mobility of collateral assets in the Kantonnetz

Digital assetA leading innovator in blockchain technology, and Eureclear, the leading provider of post-trade services in the financial sector, announced today the introduction of the first phase of the tokenized Collateral Mobility Initiative for the Canton Global Collateral Network (GCN). This first phase, which is carried out with a leading consulting company, aims to define how the decades -long collateral management expertise from Eureclear could be applied to the rapidly growing digital and crypto markets using the Canton network. The Canton Network is a blockchain that was developed with the configurable privacy, scalability and interoperability for systemically important financial markets. The aim of the ultimate project is to enable a seamless and regulated exchange of digital assets and cash as security.

EuroClear and Digital Asset observe a growing market interest in robust on-chain security and margin management solutions. Financial institutions are actively looking for efficient ways to act and mobilize their assets in order to meet the capital obligations in global markets, and at the same time comply with data protection and control requirements.

In phase 1, industry participants are involved and a strategic roadmap accelerated, including:

• How the mobility of collateral collateral can improve efficiency in global markets

• How crypto derivatives collateral and margin management services could correspond to the interest of the 24/7 trade and the settlement

This initiative corresponds to the efforts of Eureclear to support the introduction of digital assets. “EUROCLEAR has long been a trustworthy partner in the global security ecosystem and delivers efficient and resilient post-trade services.” Said Marije Hirts, Head of the Product Strategy and Development Pension Management and Securation loans at Eureclear. “We are now actively investigating how our specialist knowledge can be extended in tokenized assets and digital security solutions.”

“We are pleased to work with Eureclear in this initiative to examine the future of digital security mobility.” said Kelly Mathieson, Chief Business Development Officer at Digital Asset. “The global security network has the potential to revolutionize security management by enables the asset to be real-time, compliant and interoperable mobility in both traditional financial and digital markets. This is an important step to exploit the full potential of tokenization on new crypto capital markets. “

Since the Canton network as a blockchain with configurable privacy for regulated, systemically important markets gains dynamics, this cooperation underlines the growing institutional introduction in the field of digital asset.