Financial Market Modernization

Definition ∞ Financial market modernization refers to the continuous process of upgrading and improving the infrastructure, technology, and regulatory frameworks of global financial markets. This includes adopting new digital tools, automating processes, and adapting to emerging asset classes and trading mechanisms. The goal is to enhance the efficiency, security, accessibility, and resilience of the financial system.
Context ∞ Financial market modernization is a prominent theme in discussions surrounding the integration of blockchain technology and digital assets into traditional finance. Initiatives include exploring central bank digital currencies, tokenized securities, and new settlement systems that utilize distributed ledger technology. News often highlights regulatory efforts and technological advancements aimed at updating existing market structures for the digital era.