Home Finance Distributed ledger know-how may save TradFi $100 billion a 12 months: foyer group

Distributed ledger know-how may save TradFi $100 billion a 12 months: foyer group

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Distributed ledger know-how may save TradFi $100 billion a 12 months: foyer group

About $100 billion a 12 months or extra might be saved if distributed ledger know-how (DLT) was utilized in conventional markets, in accordance with a brand new report from the World Monetary Markets Affiliation (GFMA).

In a Could 16 reportthe mainstream monetary business foyer group, together with worldwide consultancy Boston Consulting Group (BCG) and others, have referred to as on regulators and mainstream monetary establishments to look extra significantly at the advantages of the know-how.

Influence of DLT on numerous market components. Supply: GFMA

Proceed studying on Coin Telegraph

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