"QFS CONVERSATION WITH GOLDILOCKS" , 13 MARCH

 GOLDILOCKS

"Global banks participate in large-scale blockchain pilot test" 

No one can deny the fact that we are moving into a global digital economy at this point. When you have "...155 participants from 45 major organizations have settled real-world assets across 22 blockchains," you have a consensus model. 

Major financial institutions such as Goldman Sachs, BNY Mellon and Cboe Global Markets completed a large-scale pilot test using blockchain technology. Yes, this included the Forex Market on the CBOE Exchange. 

"Institutional investors executed over 350 simulated transactions via distributed ledger technology in areas such as tokenized assets, fund registry, digital cash, repo, securities lending and margin management on the Canton network."

The pilot test included:

* 15 asset managers

* 13 banks

* four custodians

* three exchanges 

* and the Stablecoin issuer Paxos Trust.

“With the Canton Network, a digital bond and a digital payment can be composed across two separate applications into a single atomic transaction, guaranteeing simultaneous exchange without operational risk,” according to a press release from Canton. It added, “Likewise, a digital asset could be used in a collateralized financial transaction via connection to a repo or leveraged loan application.”

The Canton Network includes:

* Deloitte 

* Deutsche Börse 

* Microsoft 

* Moody’s 

* and S&P Global.  

Folks, we have an operational Digital Global Monetary System. It has been tested and awaiting final touches on the digital payment system (stablecoins), messaging system, and crypto regulations to move through the legislative process. 

If you have been doubting that the new Financial System is "digital," it's time to wake up.

© Goldilocks