Enhancing Securities Settlement Systems

The Application of Distributed Ledger Technology in Hong Kong

This report presents a blockchain solution to the time-consuming and costly securities clearing and settlement processes currently employed in Hong Kong. The re-engineering of the conventional clearing and settlement  systems using distributed ledger technology presents an exciting opportunity for the capital markets industry to reduce the cost and time it takes to clear and settle the exchange of financial assets, while at the same time reducing the number of possible single points of failure in the system architecture.