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SWIFT and CSDs join forces to advance blockchain for post-trade

Jaclyn Jaeger | January 29, 2018

SWIFT, a global member-owned cooperative and a provider of secure financial messaging services, and seven central securities depositories have signed a Memorandum of Understanding to work together to demonstrate how distributed ledger technology could be implemented in post-trade scenarios, such as corporate actions processing, including voting and proxy-voting.  The group will investigate the types of new products that can be built using it and how existing standards such as ISO 20022 can support it.

Among the central securities depositories (CSDs) participating in the distributed ledger technology (DLT) project with SWIFT are Abu Dhabi Securities Exchange, Caja de Valores, Depósito Central de Valores, Nasdaq Market Technology AB, National Settlement Depository, SIX Securities Services, and Strate. Additional CSDs are expected to join.

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