DTCC, Clearstream, and Euroclear have co-authored a new white paper urging for digital ledger interoperability to address fragmentation risks in the decentralized finance (DeFi) ecosystem as it scales. This 43-page document highlights the challenges arising from isolated Distributed Ledger Technology (DLT) networks, which lead to high operational costs and fragmented liquidity. The authors emphasize that without achieving interoperability through data standardization and process harmonization, the potential benefits of digital asset securities will remain unfulfilled. This paper builds on previous work from 2024 that introduced the Digital Asset Securities Control Principles, designed to create legal and operational standards for tokenized assets.
DTCC, Clearstream, Euroclear push for digital ledger interoperability
