Blockchain tech for derivatives CCPs – friend or foe?

Distributed ledgers can benefit – and won't replace – CCPs, says Nasdaq Clearing president

Network solution: distributed ledger technology could enhance the clearing process

Fredrik Ekstrӧm is president at Nasdaq Clearing

The race is on to deploy blockchain technology – or, more generally, distributed ledger technology (DLT) – in the financial industry. But before clearing houses get too far down the track, they need to focus on where DLT can make a difference.

As a new method of recording, storing and sharing transaction data, DLT has the potential to be applied in a wide variety of cases, such as peer-to-peer lending, proxy voting, property records and ownership