While some banks have started experimenting with blockchain and distributed ledger technology (DLT), widespread migration to these systems are unlikely to occur due to a number of roadblocks, including regulatory and compliance challenges, the high costs of the endeavor, as well as uncertainties about the long-term benefits and potential disruption of the technology on existing business models, Benjamin Müller, an advisor on banking operations for the Swiss National Bank (SNB), said during an industry event last month.
At the Digital Monetary Institute symposium, held on May 10 and 11 in London, Müller took part in a panel discussion that brought together top executives representing Banque de France, Goldman Sachs, Clifford Change and SNB. The panel discussed asset tokenization, the
2023-06-02