Building the path towards digital asset securities interoperability
Unlocking interoperability for digital assets
Euroclear, together with DTCC and Clearstream, in collaboration with Boston Consulting Group, releases the whitepaper, Building the Path Towards Digital Asset Securities Interoperability. The paper identifies the current challenges of achieving interoperability within the decentralized finance (DeFi) ecosystem. It also explores the different objects of interoperability across the value chain, and proposes a path forward for the industry to collaborate on data standardization, process harmonisation and roles consistency.
The framework builds on the joint publication from 2024, Building the Digital Asset Ecosystem, which introduced the Digital Asset Securities Control Principles (DASCPs) to serve as standards for a global digital asset ecosystem.
“Interoperability will be essential for DLT markets to scale successfully in the coming years. To deliver meaningful results for clients, the industry must ensure assets are treated consistently across infrastructures while enhancing the liquidity of digital assets and enabling open access to all market infrastructures. Through shared collaboration and deep market expertise, we can provide the intelligence and practical solutions needed to unlock real value, accelerate adoption of DLT rails, and support seamless, global participation at scale.
Isabelle Delorme, Head of Product Strategy and Innovation, Euroclear group
Interoperability across the decentralised finance (DeFi) ecosystem remains a major challenge to scaling digital asset markets.
Interoperability is essential to realise the full potential of digital asset securities as it:
- simplifies use cases
- unlocks new models
- preserves the mobility, liquidity, security and fungibility of assets
The proposed framework outlines 5 core capital market foundations.
- Assets and liabilities.
- Ownership recognition.
- Asset lifecycle and movement protocols.
- Ledgers.
- Legal and regulatory compliance.
We invite all industry participants to leverage the framework and incorporate it into their strategy roadmaps to ensure the best results for issuers and investors while upholding the safeguards that underpin trust in global financial services.
