Today’s global financial markets are underpinned by a complex network of internal systems and service providers that support the 处理 of hundreds of millions of financial transactions each day. 这种混合 内部和外部系统可能出现混乱, 但是经过多年的艰苦努力, 他们有 已集成，使资产的无缝和高效的流动, 跨市场的信息和数据 地区. While the current system was not created through intentional architecture and design, 它提供了 必要的稳定性, 确保全球市场高效运转的可靠性和确定性, 透明且具有成本效益.

The distributed ledger technology (DLT) landscape is filled with fragmentary standards and guidance with respect to DLT-specific security considerations. Although numerous standard setting bodies have published industry-leading security standards and guidance for traditional IT environments the adoption of DLT across the financial services industry remains in its infancy. Organizations are still in the process of navigating the DLT landscape in order to develop standards and guidance for DLT-specific security.

Markets for the trading of security tokens – tokenized representations of securities that are used to raise capital for various projects and initiatives – and of other “crypto assets” are growing rapidly in the U.S. 并在全球范围内, creating a need for safe, secure and reliable post-trade 处理 of these transactions.

Over the past several years, we have seen tremendous innovation in the development of distributed ledger technology (DLT), along with a dizzying number of use cases that reflect the excitement of banks and other firms to leverage this technology to 改变全球金融市场的运作方式.

美国.S. financial industry’s clearance and settlement model has evolved to be among the most cost-effective and 高效的世界. 自50年前成立以来，存托信托基金的使命 & 清算 Corporation (存) has been to help the industry mitigate risk and reduce cost in clearing and settlement by 消除运营和资本效率低下的问题.

The financial industry is in a constant state of change and the speed and pace of this evolution continues to 加速. Advancements made in software, communications and encryption technology provide opportunities to construct the single best solution to satisfy an unmet customer need. 这种技术 evolution enables more efficient workflow and communication, in addition to faster and more secure 处理.

2019年，存开始研究美国.S. 评估现代化机会的私人市场 未满足的客户需求, new technology and 存’s ability to provide robust and resilient market infrastructure.

Capital market infrastructure providers around the world are looking to new technologies to 使遗留系统现代化，并为行业提供对新vnsr威尼斯城官网登入的访问. 市场参与者是 looking for solutions to simplify compliance requirements and ease rising capital allocations and 流动性成本. There is evidence that DLT based infrastructures could save the industry billions of dollars a year by simplifying trade confirmations, reconciliation, cash management, asset 优化和其他基于异常的业务逻辑流程. 此外，CBDC可以提供 a new and alternative payment model that may provide benefits to cash settlement processes in the 美国. To further understand the promise and implication of CBDC, 存 and DDP launched 一个专注于交付与付款(DvP)结算的试点计划.

Financial market infrastructures (FMIs) have been supporting the transformation of the world’s capital markets for decades. 由于实物证券的非物质化始于1990年 1970s, the world’s FMIs have underpinned the evolution of the financial markets by providing scalable, 弹性和可信赖的基础设施，行业可以建立.

在整个旅程中，存托信托 & 结算公司(存), Clearstream and Euroclear have played a pivotal role in helping the world’s capital markets adopt and benefit from transformational technologies. 虽然我们在不同的地区开展业务, 在不同的规管制度下, 利用技术提高效率的目标, 流动性, maintain high degrees of resilience and ensure the safe continuity of financial markets is central to our strategies.