[ R O U N D T A B L E | S E C U R I T I E S F I N A N C E ]
“ With pace , we are fundamentally rewiring how things have worked . . . but I think there really is an opportunity here to scale quickly because you have a number of players really pushing the needle quite quickly .”
AMAR AMLANI , HEAD OF EMEA DIGITAL ASSETS , GOLDMAN SACHS
“ From where we sit in the distributed ledger space , what we are trying to do is bring a lot of operational efficiencies into what is a clunky , cumbersome settlement environment .”
PAUL CHIAPPETTA , PRODUCT MANAGEMENT AND BUSINESS DEVELOPMENT , BROADRIDGE
pinning down the radical changes the panel expect within the industry and whether they spring optimism . Given the combined industry experience , there was almost a collective sense of relief that some of the barriers holding the space back from entering a new phase were being removed , and that after many decades , we could truly be entering a new era . “ What I ' d really like to see is that we move to a model where settlement risk is no longer a factor ,” said Mathieson . “ Just imagine the market where transactions are not defined by when or how we settle and that risk has actually been eliminated . I don ' t just mean in time , but the ability for two parties to be able to settle , knowing that with a high degree , if not certainty , that the trade will settle successfully . The market model is going to shift as a consequence of the most boring element of what we ' re talking about – settlement risk – going away .” DeGiglio concluded : “ When you sit in my seat , it ’ s a fun journey to be on . When Kelly alludes to how we ' re three use cases that are using Daml and Canton , I think all three of our companies sit in Digital Asset ’ s client advisory council and when you sit in those meetings and you see the constituents around the table from big market infrastructure players down to some small start-ups , it ' s very , very clear that this train has left the station . “ I think all of us need to be on board and not fight it because we need to embrace the change , because those that don ' t are going to die a very slow death .” Quite the Tarantino ending too .
Sibos Special 2023 globalcustodian . com 25