Granularity: DVP Securities Settlement on DLT White Paper

06 March 2017

Granularity has collaborated with RISE Financial Technologies to compose a white paper on Delivery Vs Payment on Distributed Ledger Technology: Linking Cash and Securities for Delivery vs Payment Settlement in Distributed Ledger Arrangements.

The aim of the white paper is to show the current feasibility of integrating DVP on DLT with legacy centralised settlement operations for better near real-time settlements, operations and security, and to signpost some of the challenges of DLT integration and migration.  We expect a phased progression to DLT settlements respecting existing settlement system operations and the CPMI-IOSCO Principles for Financial Market Infrastructures.

Full DVP on DLT paper

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