Tokenization, Connectivity with Control, and Daml 2.8 Released!
In this edition of Interconnected, learn what it takes to tokenize assets within regulatory guardrails, watch the public vs. private chain debate from CFC St Moritz, and discover what is driving institutional adoption in public permissioned networks. As we build to Canton MainNet, many exciting developments are in the pipeline, so stay tuned. Let’s go…
Ecosystem News
Bank of International Settlements (BIS) SC60 Rule - Assess your Risk
The new BIS rule SC60 assigns a different balance sheet treatment (Risk Weighted Assets) based on a series of conditions, and can lead to certain crypto-assets requiring 1250% in Risk Weighted Assets for banks. The nature of your network has a major role to play in this distinction. All "cryptoassets (including tokenised assets) that use permissionless blockchains'' automatically trigger a risk weighting of up to 1250%.
45 Organizations Complete Canton Network Pilot
Leaders from across capital markets came together for the Canton Network Pilot in Q4 2023, including 15 asset managers, 13 banks, 4 custodians, and a number of FMIs, exchanges and tech providers. Participants used 20 decentralized applications on the Canton Network TestNet to atomically exchange tokenized assets, digital cash, and money market funds; and use these assets to cover margin calls and enter in repos agreements - with the privacy, security, control demanded for regulated finance. Full findings will be published soon, but for a demo of the intraday margin management use case, or to find out more, please get in touch .
Insights
Beyond Bitcoin: Unlocking Blockchain’s Potential
Recommended by LinkedIn
Yuval Rooz recently sat down with Shane Tews of the American Enterprise Institute to discuss how blockchain technology is transforming the financial services industry. Yuval shared his views on the cryptocurrency asset class, the importance of building privacy into blockchain transactions for the financial services space, and how public permissioned blockchain technology is driving institutional adoption in regulated industries. Explore the full conversation >
Layer 1 Superpowers: Consensus at Scale
CfC St. Moritz kicked off with an insightful conversation featuring Yuval Rooz of Digital Asset, alongside John Woods of Algorand Foundation , Leemon Baird of Swirlds Labs and Hedera , Emin Gun Sirer of Ava Labs , and David A. Johnston of Smart Agent Protocol. Among the many topics covered in the discussion were how blockchain technology is moving towards becoming a mainstream technology for financial services markets, and the exciting progress being made by the Canton Network .
Just Released
Daml 2.8 is here!
New for the Daml platform is the ability to perform complex contract queries with SQL, and support for new instrument types with Daml Finance and token standards for the Canton Network. Check out the details, including the latest enterprise-grade security and performance enhancements, and new online training in the release notes .
IntellectEU releases Catalyst Blockchain Manager for Canton v1.3
Latest enhancements to the Catalyst Blockchain Manager for Canton further help to streamline and automate the management of solutions being built with Daml, and connected on Canton.