FCMs take wait-and-see approach to digital collateral
“It takes a very brave person to be the first mover,” says David Martin at GH Financial
Tokenised collateral is unlikely to see widespread adoption any time soon, according to clearing banks, despite a series of recent tests proving its viability.
Proponents of distributed ledger technology have long argued that tokenisation can make it easier for futures commission merchants (FCMs) and other clearing providers to quickly mobilise collateral to meet margin calls from clearing houses
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