We have recently partnered with the Asia Securities Industry & Financial Markets Association (ASIFMA) on its new industry white paper titled, “Tokenised Securities – A Roadmap for Market Participants and Regulators.”

The report analyses how the new value chain will impact market participants, including incumbent financial institutions (FIs) and issuers, and looks at areas they need to consider in the various stages of the value chain.

It aims to achieve three key objectives:

  1. to act as a roadmap for incumbent FIs who wish to understand tokenised securities;
  2. to educate issuers on key issues that will be relevant to their stakeholders (including incumbent FIs and buy-side firms); and
  3. to articulate what is needed from a regulatory and technology perspective to build a strong and enabling environment.

The report also focuses on the key aspects of the tokenised security lifecycle end-to-end, i.e. structuring, issuance, distribution, primary listing, secondary trading, custody, portfolio management, advisory and market making and how this compares to traditional securities.

The full report is available here.