Global rules needed to spur blockchain trading of assets, report says

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Global rules needed to spur blockchain trading of assets, report says

- Trading stocks and bonds on blockchains at scale will remain a dream unless a global standard for cross-border activity is established that allows assets to move seamlessly across blockchains, according to a report published on Thursday.

Client and compliance requirements vary too widely across the globe for a single, fixed solution to meet everyone's needs, said Georgios Vlachos, co-founder of blockchain interoperability firm Axelar, which co-produced the report. Deutsche Bank said in the report that it was essential to have industry-accepted approaches for risk assessments needed to facilitate adoption.

 

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