Banking and Blockchain
The repo market is often described as the beating heart of modern finance, a vast, intricate network that keeps liquidity circulating through the arteries of the global financial system. Every day, trillions of dollars of securities are exchanged for cash, with agreements to reverse the transaction at a later date.
Banking and Blockchain
In the previous articles "Can new Settlement Structure save our financial system?", "Collateral + Blockchain = Stability" and "Changing the structural integrity of global interbank finance" we explored the systemic frictions in the settlement layer of the repo market, its critical weak point - rehypothecation, and
Banking and Blockchain
In the previous articles "Can new Settlement Structure save our financial system?" and "Collateral + Blockchain = Stability" we explored the systemic frictions in the settlement layer of the repo market and its critical weak point - rehypothecation. In this last article we will explore the problem of
Banking and Blockchain
In the previous article "Can new Settlement Structure save our financial system?" we explored the systemic frictions in the settlement layer of the repo market and how these can be addressed through integration of blockchain and tokenization solutions. In this article I will touch on another critical weak
Banking and Blockchain
Settlement in the repo market, despite its critical role in global liquidity, operates on aging infrastructure built around T+1 or T+2 conventions, meaning actual delivery of cash and securities occurs up to two days after trade agreement. This latency isn’t merely operational—it constitutes embedded credit exposure.
Banking and Blockchain
The global monetary system remains one of the least understood yet most consequential structures shaping modern economic life. Despite its centrality to financial stability, international trade, and monetary policy, the mechanisms through which money is created, distributed, and recycled across borders remain obscured by institutional complexity and academic neglect. This
Banking and Blockchain
The global trading system stands at a crossroads, as outlined in Stephen Miran’s study, A User’s Guide to Restructuring the Global Trading System. The study suggests that the persistent overvaluation of the U.S. dollar, driven by the inelastic demand for reserve assets, is at the heart of
Banking and Blockchain
The repurchase agreement (repo) market is a fundamental component of the global financial system, serving as a crucial mechanism for short-term funding and liquidity management. By allowing financial institutions to engage in collateralized borrowing and lending, the repo market facilitates efficient capital allocation, enhances market liquidity, and supports the functioning
Banking and Blockchain
The recent post by Andreessen Horowitz’s a16z on the transformative potential of stablecoins in the payments ecosystem highlights a revolutionary shift in how value can be transferred globally, with stablecoins positioned at the heart of this transition. The article outlines several key points: stablecoins, leveraging blockchain technology, promise faster
Banking and Blockchain
The collaboration between the Digital Dollar Project (DDP) and the Depository Trust & Clearing Corporation (DTCC) represents a groundbreaking step toward modernizing post-trade securities settlement using Central Bank Digital Currency (CBDC). The project explored how tokenized securities and a simulated CBDC can reshape the settlement landscape, enhancing efficiency, reducing risks,
Banking and Blockchain
The dawn of the sixth technological wave heralds a profound transformation across all facets of human activity, from manufacturing and science to commerce and governance. This new era is defined not by discrete technological advancements but by the seamless integration of breakthroughs such as artificial intelligence, additive manufacturing, photonics, virtual