What are the main challenges facing Tokenised Securities?
For our next instalment of Coinscrum_markets, in partnership with Blockchain.com, we take a closer look at a topic that’s garnered much attention over the past year or two.
On the surface, using blockchain/DLT to simplify and disrupt what some might say are outdated Clearing & Settlement systems that underlay existing equities markets makes a lot of sense.
However, technology is just one facet of these highly regulated markets and the likes of the SEC and FCA have wasted no time in pointing out that their existing regulations are going nowhere fast – and will still apply whatever colour your shiny new blockchain might be.
Nevertheless, a number of companies and projects have started to emerge (unfazed) to start tackling these issues head on but, as we know, technologies tend to evolve at light speed whilst regulations often move at a somewhat glacial pace.
With all this in mind, our guests will be looking at both sides of this particular coin to discuss the impact of each on the other.
Questions such as:
- What shackles do existing regulations place on Tokenised Securities and at what cost?
- How are blockchain/DLT solutions confronting these issue?
- How do we prevent innovation being stifled by regulations that aren’t custom designed for this use-case?
- How will regulators need to co-ordinate if they’re to allow the innovation that they often claim to support to occur?
Joining us to share their insights and vast experience on these matters will be Graham Rodford & Kathleen Tyson.
Almost no one developing new solutions or technologies today envisions their use in only one country, so one of the challenges to development is ensuring that solutions or technology can globalise against a patchwork of diverse legal and regulatory systems. Kathleen will provide Coinscrum with an overview of initiatives to clarify legal principles applying to distributed ledger technologies, define the perimeter of UK digital asset regulation, harmonise the global regulatory framework across major jurisdictions, and extend the reach of Financial Action Task Force regulations to embrace emerging digital business models.
Graham and his team have been at the forefront in engaging with, and educating the UK’s regulatory bodies as they work towards a framework that can enable this technology to reach its undoubted potential. He will share his experiences so far, his thoughts on the various platforms available in the market and his opinions on where the sector is heading.
Graham is Founder & CEO at Archax, a London-based startup aiming to be the first Securitised Token Exchange to be regulated by the FCA. A qualified accountant with over 18 years’ experience in financial services, prior to starting work on Archax, Graham was COO, CCO and Partner of Omni Partners, a $1.4billion hedge fund based in London, where he was responsible for all operational activities and compliance.
Kathleen Tyson is chief executive of Granularity, a specialist consultancy in financial infrastructure. She is a former central banker and markets supervisor with a long track record of successful financial innovation in wholesale multilateral infrastructure. Her contributions include tri-party repo, the first global real-time margin and collateral system, CLS Bank for global FX settlements, modernisation of central banks and clearinghouses, and much of the initial markets framework for Dubai International Financial Centre (now ranked 8th in the world among global financial centres after just 15 years).
She has a passion for using technology to improve markets and drive global growth. She promotes integrating law and regulation early into solution design to ensure backward compatibility and future resiliency. Her contributions to blockchain thought leadership include white papers DVP on DLT: Linking cash and securities for delivery vs payment settlement in distributed ledger arrangements and To Be, To Have, To Know: Smart ledgers and identity authentication
Doors open at 6pm
Presentations begin at 6:30pm
Followed by networking
Thanks to Blockchain.com
Blockchain.com is connecting the world to the future of finance. We are one of the most trusted and fastest growing digital assets company, helping millions across the globe – from individuals to the largest institutions – get easy and safe access to digital assets. Blockchain has raised over $70 million in funding from leading investors including Lightspeed Venture Partners, Google Ventures and Richard Branson.
With almost 40 million sign ups, the Blockchain.com wallet helps more people than any other company send, receive, secure and exchange crypto all on chain.
Big love to Coinscrum_presents sponsors, KR1
KR1 is a leading publicly listed investment company focused on blockchain and decentralised technologies. KR1 invests in early stage projects and blockchain-based digital assets that power the decentralised platforms and protocols that form the emerging Web3 infrastructure.
More info at www.kr1.io
A special thanks to Craft Coin Company for providing the beer!
Craft Coin Company’s mission is to support artisanal producers through alternative methods of financing. Craft Beer Coin is the first example of this mission.
Users of the Craft Beer Coin purchase digital tokens that allow them to order beer from participating venues via an app; service is quicker, payment easier, and app users benefit from other rewards and offers. Each coin is underwritten by at least one pint of craft beer, a measure that harks back to beer’s role as one of the world’s oldest currencies.
The owners of the coins receive voting rights and equity in the breweries, and the chance to exchange them for fresh beer.
More info at www.craftcoin.company/
That boring legal stuff
Please note: We welcome all of our innovative founders to share their ideas at Coinscrum and also love our sponsors to bits.
However, their presentations or services provided do not infer any kind of endorsement by Coinscrum, its organisers or Scrumline Ltd of any possible investment opportunity via their products and services or in any related ICO (Initial Coin Offering).
Crypto-tokens are a high risk investment and you should always carry out your own thorough research and due diligence before deciding whether or not to invest yourself.
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