While priorities will vary by firm, regulated firms are currently tending to focus on three areas.1
A. Enabling stablecoins to support tokenised securities or fund tokenisation strategies
Stablecoins are likely to be an important enabler of tokenised securities and funds. Near-instant settlement, 24/7 transferability and automated payment flows all generally depend on having a DLT-based means of payment available alongside the security. Where clients need or want to hold, buy or sell stablecoins as part of that proposition, firms may require crypto permissions. For example, intermediary permissions will be relevant where the firm facilitates customer purchases or sales, while custody or arranging custody permissions may…
