DTCC’s Peve at Sibos: digital assets offer an interesting area of opportunity for innovation

At the Sibos 2021 virtual conference this week, Jennifer Peve, head of Strategy and Business Development at DTCC, participated in session titled “Assets of the Future”.

Key points covered in the discussion included:

  • The safe processing of digital assets is highly topical given that as an asset class they are continuing to gain traction across the industry.
  • When considering how best to support digital assets, infrastructure providers need to draw on their experience of existing operational processes, identify white space opportunities and provide solutions that are accessible for all.
  • “The evolving digital asset space and how post-trade infrastructure could accommodate the safe processing of digital assets is highly topical given that as an asset class they are continuing to gain traction across the industry,” she said.

Peve said: “A key step that infrastructure providers should take when considering how best to support the processing of digital assets is to use their experience of well-established technology and operational processes across the financial system and consider how to apply these proven governance models to support this evolving asset class. At the same time, infrastructure providers must continue to innovate, and digital assets offer an interesting area of opportunity, introducing optimization and efficiency capabilities that can enable further digital transformation.”

She added: “To move the industry forward, the implementation of any change in post-trade infrastructure to support digital assets must be inclusive and accessible to all. Today, not all financial market participants have the same capability levels when it comes to the adoption of new and evolving technology, and as a post-trade provider, it is essential that the entire community is served. This means that any innovation plans and the associated rollout to support digital assets may have to be adapted to accommodate industry variations in technological sophistication, while ensuring the new capability delivers value.”

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