Explore the future of the Equity Market as it transitions to all-hours trading. Discover how the Equity Market never sleeps and impacts global traders.

A Future of Finance interview with Martin Hargreaves, Chief Product Officer at Quant Network. A Future of Finance interview with Quant Networks’ Chief Product Officer Martin Hargreaves. Quant is applying programmable payments to modernise payments processes and workflows, embedding programmability at customer account level rather than into the payments infrastructure. Speaking to Bob Currie, Contributing Editor at Future of Finance, Hargreaves describes how this model can imp

​Quant, a global leader in fintech and innovation, today announces the rollout of Quant Flow, an industry-first programmable money and banking infrastructure now available via a white-label solution to banks, institutions and corporates across Europe, the Middle East, and APAC. Quant Flow was developed in response to the growing demand for smarter forms of commercial bank money and the need to modernise financial infrastructure, driven by rising regulatory pressure and compet

Euronext Clearing has invited Clearstream to act as a tri-party collateral management agent for users of its repo clearing services As tri-party agent, Clearstream will custody, select, value, settle and substitute the collateral counterparties post to Euronext Clearing Euronext Clearing has embarked on a two-year plan to expand the scope and scale of its repo clearing services Clearstream will become a tri-party agent for users of Euronext Clearing, the central counterpart

A Future of Finance interview with Rob Krugman, Chief Digital Officer at Broadridge. Rob Krugman, Chief Digital Officer at Broadridge,...

Why have digital asset exchanges found it difficult to disrupt traditional exchanges? Many domestic exchanges are monopolies, so they are intrinsically hard to disrupt. A blockchain-based order book does not offer a sufficient improvement over a traditional order book. Exchanges are also often owned by their users, which want lower prices at least as much as fatter dividends. In such cases, digital asset exchanges are better advised to focus on post-trade services, with a vie

Discover how blockchain is transforming Securities Financing and Collateral Management. Uncover its impact on Securities Financing today!

Are digital asset exchanges offering peer-to-peer trading? The cryptocurrency markets have proved that peer-to-peer trading is technologically possible. This is not surprising. The original vision of blockchain technology was to replace trust in centralised intermediaries with trust in decentralised technology. The collapse of the centralised FTX exchange reinforced, rather than undermined, the validity of that claim. Which places centralised digital asset exchanges hosting t

Are institutional investors looking for a higher level of regulatory certainty before they invest in digital assets? Institutional investors care primarily about their investments, the speed with which they can be executed, the transparency of information about them and how safely they are kept. So, for them, a sound regulatory environment is a requirement that must be met before they will invest. Are institutional investors looking for a higher level of regulatory certainty

Are tokenisers focusing on privately managed assets because they are the easy option? This was not the view of the audience. Only minorities thought that tokenising privately managed assets is an easier option than attacking the public markets, and hardly anybody thought issuers are more readily found there. Broader distribution of privately managed asset classes, making privately managed assets more tradeable, and building an infrastructure to support them, are the prioritie

Are traditional exchanges doing nothing about tokenisation? Anecdotal evidence suggests all major exchanges have large teams exploring digital assets, some of which have moved beyond Proofs of Concept (PoCs) and pilot tests and are now close to launching products, but little of their work has seeped into the public domain. This is less because of intellectual property considerations, or lack of buy-in by senior management, than the fact exchanges tend to be regulated and ofte

A Future of Finance interview with Milo Guastamacchia, Founder and CEO or Yooro. Technology-driven securitisation platform Yooro aims to...

Are specialist intermediaries such as market-makers necessary to generate liquidity in tokenised asset markets? Traditional markets prove that liquidity does not arise naturally from the interaction of issuers and investors, and cannot be sustained by their activities either, but must instead be created by market-makers and sell- and buy-side firms using collateralised credit and asset borrowings to take positions and increase the value of their trades (see Chart 1). So liqui

A Future of Finance interview with Richard Brown, Chief Technology and Product Officer at R3. R3 celebrates its tenth anniversary this year. Richard G. Brown, R3’s Chief Technology and Product Officer, speaks to Bob Currie about the drivers for Corda’s design, how these are changing, and how far the company has fulfilled the targets that it envisaged at formation.   The discussion explores the potential for convergence of private and public blockchain ecosystems, thereby pot

Blockchain-based cross-border payments technology company Ripple has bought prime broker Hidden Road for US$1.25 billion The Ripple Stablecoin RLUSD will facilitate cross-margining between digital assets and traditional markets for Hidden Road customers Hidden Road will migrate its post-trade activity to the XRP Ledger (XRPL), the Ripple blockchain Ripple, the technology company that uses blockchain to speed up and lower the cost of cross-border payments, has acquired non-ban

A Future of Finance interview with Ciarán McGonagle, Chief Legal & Product Officer at Tokenovate. Tokenovate delivers post-trade...

Will Tokenisation be the nemesis of exchanges or the re-making of them? Date: March 13, 2025 Venue: Reed Smith Offices at 1 Blossom Street, London E1 6RS 1-Day Event: 8.30 am to 8.00 pm Audience: Traditional Exchanges; Digital Exchanges; CCPs; CSDs; Issuers (non-financial and financial); Asset Managers; Wealth Managers; Banks and Broker/Dealers; Technology Companies; Regulators and Public Policy Makers Topics Are tokenisers making a mistake in choosing to ignore the conventi

Digital asset custody: What can possibly go wrong?

How do the risks of digital asset custody differ from the risks of traditional custody? Digital assets are not the same as conventional financial assets, so custodians must master familiar risks in unfamiliar guises, and entirely new risks. The fact that ownership of a digital asset depends on possession of private keys is an obvious difference from registered securities or funds. The keys are routinely sharded into multiple parts which must not only be reassembled as needed

How is the digital asset custody industry evolving? The origins of digital asset custody lie in the initial cryptocurrency boom of 2015-2017. Retail investors needed digital wallets to hold the private keys to their coins, and the cryptocurrency exchanges provided them. Independent digital asset custodians, and vendors of independent digital asset custody technologies, proliferated in 2017 and especially 2018, as the first cryptocurrency bubble inflated and then deflated.  At