Imagine, the year is 2030. The majority of the world's $400tn of financial securities safely sits on digital registers and is processed via services connected to distributed ledger-based networks. While all networks started in a permissioned form with strong governance controls, they were then gradually opened for direct investor and issuer access.

Most financial services providers have upgraded and digitized their offerings. Some still use legacy systems dating back to the early 2000's or before.

All of them have found a way to connect their service offerings to these new networks. Clearly, this is now the most efficient way to conduct securities services business.

Any firm connected to a network enjoys on-demand financial services from the best providers with overhead cost mutualised. Inflexible, opaque, and expensive service bundles with single provider risk are passé. Transactional costs have come down by 26-48%, versatile transaction types are the new

Imagine, the year is 2030. The majority of the world's $400tn of financial securities safely sits on digital registers and is processed via services connected to distributed ledger-based networks. While all networks started in a permissioned form with strong governance controls, they were then gradually opened for direct investor and issuer access.

Most financial services providers have upgraded and digitized their offerings. Some still use legacy systems dating back to the early 2000's or before. All of them have found a way to connect their service offerings to these new networks. Clearly, this is now the most efficient way to conduct securities services business.

Any firm connected to a network enjoys on-demand financial services from the best providers with overhead cost mutualised. Inflexible, opaque, and expensive service bundles with single provider risk are passé. Transactional costs have come down by 26-48%, versatile transaction types are the new standard, and counterparty risk has been reduced by a 25%.

Many have completely underestimated how much can change within a decade. Those who recognised the potential early are the big winners today.

We are glad you are amongst them.