Distributed Ledger Technology will make redundant the very need for trade matching and verification. The data representing the trade is generated once on the network by the bond creator and this serves as the single source of truth for all required participants, including the buyer of the bond and the regulator. DLT enables a more data-centric approach rather than a process-driven approach to bond issuance, lifecycle management and settlement.

In 2005, I was an associate on the rates derivatives sales and trading desk at Lehman Brothers. A daily task was to refresh a spreadsheet at day’s close and send the results (a static file with thousands of derivatives prices) by email to the traders at Freddie Mac and Fannie Mae who would use this data to mark the hedges on their multi-billion-dollar mortgage portfolio.

Since then, a lot of the processes in derivatives markets have been automated. However, the ability to monitor and mitigate risks in the market has not been developed to the extent needed.

Distributed Ledger Technology…


While market experts weigh in on the likelihood and impact of the next recession, here are my thoughts on the impact Blockchain and Distributed Ledger Technologies will have on Capital Markets in the short to medium term.

2019 has been called the year of Security Token Offerings (STOs). The benefits of Security tokens becoming the store of value for things like real estate, private companies, startup cohorts and other illiquid assets are undoubtedly immense. STOs offer frictionless entry and exit of holdings, real time compliance, cap table management and superior corporate governance.Let’s …


While market experts weigh in on the likelihood and impact of the next recession, here are my thoughts on the impact Blockchain and Distributed Ledger Technologies will have on Capital Markets in the short to medium term.

2019 has been called the year of Security Token Offerings (STOs). The benefits of Security tokens becoming the store of value for things like real estate, private companies, startup cohorts and other illiquid assets are undoubtedly immense. STOs offer frictionless entry and exit of holdings, real time compliance, cap table management and superior corporate governance. …

Elizabeth Mathew

Head of Product, Capital Markets @Securitize, ex JPM, ColumbiaBizSchool’19, IIMA’05. Lived in India, NY, Singapore, Dubai & current NYC resident.

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