US blockchain, securitisation industry groups join forces

Monday, 6 March 2017 00:02 - - {{hitsCtrl.values.hits}}

Reuters: The lobby group for Wall Street’s structured finance companies has partnered with the trade association for the blockchain industry to explore ways blockchain technology can streamline the $1.9 trillion US securitisation market.

The partnership, set to be announced on Monday, will see the Chamber of Digital Commerce and the Structured Finance Industry Group work together on research and other projects, the groups said.

The effort kicked off with the publication of a study looking at how distributed ledger technology can be deployed to simplify the securitisation market, which despite its size, remains highly manual and opaque.

According to the study by Deloitte, blockchain could help increase the certainty of securitisation transactions and improve market transparency, which in turn would lead to better liquidity.

Blockchain is an immutable shared ledger of transactions that is maintained by a network of computers, rather than a centralised authority. As it creates a shared golden source of data, it can reduce errors and the need for reconciliation. Financial institutions have been ramping up their investments in blockchain in the hopes that it can help make some of their processes more efficient and cheaper to manage.

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