Definition ∞ Blockchain in Finance describes the application of distributed ledger technology within financial services. This technology provides a secure, transparent, and immutable record-keeping system for various financial transactions. It facilitates new models for asset management, payment systems, and capital markets operations. The use of blockchain can streamline processes, reduce intermediaries, and enhance security across the financial sector.
Context ∞ The role of blockchain in finance is a significant topic in current economic news, with discussions often focusing on its potential to revolutionize traditional banking and investment. Financial institutions are actively exploring blockchain for cross-border payments, trade finance, and digital asset issuance. Regulatory bodies worldwide are also considering frameworks to govern these emerging applications, balancing innovation with risk mitigation.
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