How Blockchain can be used to connect Custody, Asset & Securities Services?

How-Blockchain-can-be-used-to-connect-Custody-Asset-Securities-Services
Introduction:

Blockchain offers a unique opportunity to connect different aspects of the custody, asset, and securities services industry. Blockchain technology allows these businesses to work together more efficiently and securely while reducing costs. This can streamline paying trades, transferring assets, and keeping track of ownership.

Blockchain helps to create digital tokens that represent assets or securities. These tokens can be traded on blockchain-based exchanges or used to raise capital through initial coin offerings (ICOs). By connecting custody, support, and securities services with blockchain technology, we can create a more efficient and secure ecosystem for all participants. This article will explore how blockchain can connect custody, asset, and securities services.

Custody:

Blockchain can be used to streamline the process of custody. By using blockchain-based smart contracts, businesses can automate the storage and transfer of assets. This can reduce the need for manual processing and minimize errors.

Asset management:

Blockchain can also be used to manage assets more efficiently. By tracking ownership on a blockchain ledger, businesses can streamline the process of buying, selling, and transferring assets. This can reduce costs and make it easier to keep track of compliance. Blockchain can also simplify the process of KYC and AML compliance for securities. 

What are the top benefits of connecting Custody, assets & Securities Services through blockchain?

1. Increased Efficiency: By automating the custody process, blockchain can help businesses reduce the need for manual processing and minimize errors.

2. Reduced Costs: By tracking ownership on a blockchain ledger, businesses can streamline the process of buying, selling, and transferring assets. This can reduce costs associated with compliance and middlemen.

3. Greater Security: Blockchain provides a shared, tamper-proof ledger. This helps to track and settle transactions between different parties. This can help to reduce fraud and increase security.

4. Better KYC & AML Compliance: Blockchain can streamline the KYC and AML compliance process for securities.

5. Streamlined Asset Transfers: Blockchain can streamline the transfer process between different parties. This can reduce the need for manual processing and minimize errors.

6. Improved Contractual Agreements: By using blockchain-based smart contracts, businesses can automate the storage and transfer of assets. This can help to improve contractual agreements and reduce disputes.

Conclusion:

Blockchain offers a unique opportunity to connect the industries of custody, asset, and securities services.