New Swiss Industry Body To Promote Blockchain Use In Capital Markets
- The Swiss industry created a new independent body called the Capital Markets and Technology Association (CMTA) to promote the use of new technologies such as blockchain in the capital markets.
- The CMTA, with its registered office in Geneva, would provide a platform to create open industry standards around issuing, distributing and trading securities in the form of digital tokens using distributed ledger technologies.
The real members in CMTA are law office Lenz and Staehelin, online financier Swissquote Bank Ltd., keeping money programming firm Temenos. James Larus, Dean of Swiss specialized college EPFL’s School of Computer and Communication Sciences, will likewise be joining the board.
“The blockchain innovation can possibly decrease the unpredictability of the capital markets framework and lower the boundary of section for new companies. The present absence of legitimate assurance is abating – and conceivably trading off – its advancement in this field,” says Jacques Iffland, CMTA’s seat, and accomplice at Lenz and Staehelin.
The CMTA will work as a not-for-benefit, non-legislative relationship to encourage new or built up organizations, organizations and new businesses to utilize new advancements, for example, blockchain and use digitalization to encourage get to subsidizing and raise capital safely and proficiently.
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