Aberdeen Investments, Lloyds Banking Group and Archax have partnered with their trading businesses to boost the use of blockchain by way of tokenised real-world assets as collateral.
In a UK-first move, tokenised units of Aberdeen's money market fund and tokenised UK gilts were used as collateral for foreign exchange trades between Aberdeen and Lloyds. Bitcoin surges past $120k mark with ETF boost These digital tokens were issued, transferred and securely held by Archax, a digital asset exchange regulated by the Financial Conduct Authority. As a result, the move demonstrated that regulated digital assets can serve as collateral in the market. They can also be programmed to automatically follow the rules of trading agreements, streamlining the process and reduci...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
