Shared ledger technology refers to a distributed database system where multiple participants maintain and verify a common record of transactions. All authorized parties have access to an identical, immutable version of the ledger. This architecture promotes transparency, reduces the need for reconciliation, and enhances data integrity. It underpins many blockchain and distributed ledger applications.
Context
The adoption of shared ledger technology is a key area of focus for modernizing financial market infrastructure, particularly for interbank payments and securities settlement. Its ability to streamline processes and reduce operational costs offers significant efficiency gains. Regulators are assessing its implications for data privacy, security, and systemic risk management.
This consortium-led stablecoin initiative strategically captures European digital value creation, optimizing capital efficiency and ensuring regulatory compliance for cross-border payments.
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