Distributed ledgers, blockchains and smart contracts are posed to have a transformational effect in business, government and society, but also in the structured products market.
Financial institutions are exploring and testing the potential of distributed ledger technology (DLT) to streamline and automate many of the functions and processes as well as offer new products and services. Cryptocurrencies such as bitcoin and open source blockchains are the two most high-profile applications of distributed ledger technology. The digital assets market is still in its infancy and despite the recent focus on the ‘crypto winter’ and the fall of the market cap from US$3 trillion