Tokenized Collateral: What Nasdaq’s Own Data Says About the Savings
Photo: ETHNews
Nasdaq chief Adena Friedman says tokenized collateral could release tens of billions of dollars locked inside the financial system. Nasdaq’s own survey shows most firms hit settlement problems daily and hold extra collateral to compensate. The IMF and the Financial Stability Board warn that faster collateral can bring faster liquidity stress and higher leverage. Nasdaq sells the infrastructure its chief executive is promoting, so the savings need independent measurement. Nasdaq chair and chief executive Adena Friedman used an interview at TOKEN2049 in Singapore, held on October 7 and 8, to argue that moving Treasuries, equities, money market funds and cash…
Source: ETHNews
