London-based technology company Nivaura is working with Singapore’s DBS Bank on a blockchain-based bond platform with the ability to provide “one-click issuance,” the companies said on Monday.
It goes well together: Nivaura has taken a deep dive into the tokenization of securities and works closely with partners such as the London Stock Exchange Group (LSEG). DBS, with the support of the Monetary Authority of Singapore (MAS), leads the way when it comes to institutional exposure to cryptocurrency and digital assets.
In the early days of blockchain exploration, evangelists for the technology questioned the need for infrastructures like central securities depositories (CSDs) as a decentralized future came into focus.
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Nivaura has since taken the view that the point is not to replace things like CSDs, but to automate securitization workflows with the ability to connect to any clearing system – the …