The Impact of Distributed Ledger Technology in Capital Markets

The report illustrates how tokenization and DLT are reshaping securities issuance, collateral management and fund
operations, with live use cases demonstrating significant efficiency gains, enhanced transparency and improved
risk management. Importantly, the report describes how the overall size and significance of the cryptoasset
market have increased, rendering many of the premises underlying the Basel standard outdated and requiring
important adjustments.