Timing is everything. In the dog days of summer, R3 released a report by the Digital Asset Working Group, more affectionately known as the DAWG. This followed the hotly anticipated release of the Corda Token SDK.
Now, it turns out that dog days have nothing to do with dogs or digital assets; dog days are the time of year when Sirius rises before the sun, foreshadowing heat and disaster(!).¹ …
Today, SIX Digital Exchange (SDX) and R3 announced that Corda will power SDX’s digital securities exchange. SDX is a fully integrated trading, settlement, and custody infrastructure for digital assets. It has been a pleasure to work with such an innovative, capable team, and we at R3 are thrilled to support a digital value exchange, the Swiss way.
In this post we’ll talk about the announcement itself. What is Corda actually doing for SDX? In future posts, we’ll address the bigger trend at work here: the unbundling and reconstruction of services in the capital markets value chain.
We received a few questions after we published the cash issuer reference guide. The questions ranged from, “So I can just use this to settle on Corda now?” to “Are you going to issue a stablecoin on Corda?”
It turns out that providing a settlement venue or cash-like asset on any platform is a regulated activity. So… no, you can’t just plug this in and “abracadabra, settlement!”
But this is the beginning (yes, still the beginning) of an exciting time in blockchain-enabled finance. …
This is an invitation to the teams building digital asset and token solutions on Corda: jump start your partnership with R3 by spending your next month co-located with our incredible teams in our London and New York offices.
The opportunity in the digital asset space on Corda is immense. Financial market participants and global corporates are eager to issue new forms of securities and tokens with powerful incentives. Startups and fintechs are looking to launch compliant forms of digital assets that can reach a deep market of institutional investors.
We recently published two posts on digital assets and the opportunities…
Co-Founder & CEO at LedgerEdge