CMTA

This is a significant announcement from Taurus SA and Temenos for the development of infrastructure for digital securities. The integration of Taurus's custody solution with Temenos core banking aims at allowing banks to manage wallets and transfer digital assets directly from their core banking system. The purpose of the integration is also to automate workflows, such as the creation of tokenized securities. Full press release here: https://lnkd.in/esBSzcFa Professional custody solutions are a key factor for adoption of digital securities. It is important for investors and entrepreneurs alike to store digital shares securely and be able to manage them in the same way as conventional shares or other securities. The digitalization of securities – equity, debt and structured products - opens up possibilities that go beyond replicating existing capital market infrastructures: on-chain and faster settlement, digital share registers, automation of equity plans or operations of shareholder agreements. We look forward to what comes next.

Earlier this week CMTA’s Ariel Ben Hattar participated in the Project Guardian Fixed Income roundtable discussing standards for tokenised debt securities and presenting how #CMTAT has been used in commercial use cases alongside Laurens Schepens, UBS. Thanks to the moderators (Matthias Obrecht and Ryosuke Ushida), roundtable participants and organisers for the interesting discussion. The roundtable took place during the #InsightsForum organised by GFTN as part of the Singapore FinTech Festival.

Project Guardian’s latest announcements: CMTA’s tokenisation standards part of the vision for the future of asset tokenisation. https://lnkd.in/e_rAP72P

CMTA Token Framework (CMTAT) supported as an international standard for tokenisation of financial assets by Project Guardian. The Monetary Authority of Singapore (MAS) today released the Guardian Fixed Income Framework (GFIF), which identifies the CMTAT smart contract framework as a suitable standard for tokenisation by financial institutions internationally.  The GFIF makes the case for the establishment and acceptance of industry standards and recognises CMTA's Token Standards, along with ICMA's BDT and GFMA's Design Principles for Tokenised Securities as a foundation for further adoption of asset tokenization globally. Some highlights: - Smart contract design: GFIF suggests a modular contract design approach, like CMTAT's methodology - Standardized Principles: GFIF proposes 10 technology and jurisdiction agnostic smart contract principles, which reflect our forthcoming debt digitalization standard - Implementation Guide: describes how the CMTAT smart contract framework can integrate the BDT to enhance interoperability - Practical Implementation Examples: showcases how CMTAT was used in UBS' Project Trident to ensure good smart contract governance and interoperability across 3 jurisdictions The GFIF is a joint report developed by the Guardian Fixed Income Industry Group and led by GFMA, ICMA - International Capital Market Association and UBS AG. 👉 Download the report: https://lnkd.in/e4-r3UWB 👉 Read the full press release from MAS here: MAS Announces Plans to Support Commercialisation of Asset Tokenisation

Singapore FinTech Festival takes place next week and there will be at least two opportunities to find out about CMTA Standards and the CMTAT:   1.      Ariel Ben Hattar (Lenz & Staehelin, CMTA) will be speaking on the "Project Guardian: Fixed Income Roundtable" at the Insights Forum on Tue, 5 Nov, 1.00 PM – 2.30 PM: https://lnkd.in/gBTZDf-A 2.      Laurens Schepens (UBS), Jürgen Hofbauer (Taurus SA) and Ariel will discuss "Smart contract standard for tokenization of financial instruments" at the Monetary Authority of Singapore (MAS)'s Future of Finance booth: 7 Nov, 4.30 – 5.00PM   CMTA's representatives at the festival will also include Jacques Iffland and Rosie Ovan.   Meet us there!   #SFF2024 #SFF

What makes CMTAT a good choice of smart contract for tokenization of financial instruments on Ethereum and EVM blockchains?     A recent analysis by Taurus SA of 4 different implementations highlights the following reasons for choosing CMTAT:  - CMTAT’s implementation follows a framework carefully designed and written by the CMTA's members, including law firms and representatives from "traditional" finance. - The architecture in modules allows for easy modifications or additions of features. CMTAT solidity is only tied to the ERC-20 standard for interoperability and the standard proposition ERC-1404, which is very light since it defines only two supplementary functions. - CMTAT smart contracts have been used by several different companies (Obligate, UBS, amun and daura) which have modified smart contracts to correspond to their needs. - CMTAT is regularly audited.   The helpful comparison can be viewed in full on the Taurus blog: https://lnkd.in/eC5HWzRk CMTAT reference implementation for Ethereum available here: https://lnkd.in/e9v-ePtx

We are pleased to release a new and updated version of CMTA's Digital Assets – AML Standards: https://lnkd.in/e-tGdQ59 The AML Standards provide guidance for financial intermediaries and issuers of digital assets on a risk-based approach, for compliance with Swiss AML regulations.   This update reflects developments since 2018, particularly around the travel rule. The Standards are now comprised of two documents addressing separately:   👉 AML Standards for Issuers: https://lnkd.in/eAD3bGeu   👉 AML Standards for Financial Intermediaries: https://lnkd.in/e3auY7F8   By providing an example risk-based approach, the AML Standards aim to offer a practical toolkit on which issuers and financial intermediaries may base their own AML/CFT procedures. Thanks to everyone who helped contribute to the update, whether in the drafting, review or consultation stages. In particular CMTA would like to thank the members of the working group Jeremy Bacharach, Ken Bernheim, Magdalena Boškić, Fabian Courtine, Biba Homsy, Pavel Kulikov and Fedor Poskriakov. #aml #digitalassets #cft

We are pleased to welcome Fireblocks as a member of the CMTA! Fireblocks, an easy-to-use platform to create blockchain-based products and manage day-to-day digital asset operations, joins the Association's collaborative efforts to develop standards for the use of DLT in traditional capital markets. We also welcome Francois Schonken, Fireblocks' Senior Director for Tokenization, to the CMTA Technical Committee which is responsible for overseeing all technological aspects of our standardization projects, in particular the CMTA Token (CMTAT) - a standard framework to design digital tokens for the digitalization of financial assets (more info here: https://lnkd.in/dRuUqveA).   Read more about the announcement: https://lnkd.in/gSYfGWPx Ana Santillan Nieto Varun Paul Tim Way

Yesterday we explored some of the key questions around the adoption of digital assets in financial markets at CMTA's annual general meeting and seminar. The topics ranged from regulated secondary markets, to the pros and cons of using open or permissioned blockchains, wrapping up with a live demo of forensic analysis of digital assets. A big thank you to our speakers for the great insights they shared, all the attendees for the interesting questions and discussions, and to unlimitrust for the flawless welcome in their exceptional space. Matthias Müller, Ronald Kogens, Andreas Ruflin, Roger Darin, Nicola Plain, Dirk Kruwinnus, Sébastien Dessimoz, Björn Flückiger, Jacques Iffland, Dr. iur. Anna-Naomi Bandi-Lang, Susana Esteban, Fedor Poskriakov, Magdalena Boškić, Pascal Marmier (孟思恺), Nathalie Leduc

CMTA is delighted to announce that Matthias Müller (BX Swiss, BX Digital) will deliver the Keynote Address at the CMTA's annual meeting and seminar. Join us on Thursday June 13 to hear Matthias' thoughts on "Regulated Secondary Markets for Digital Assets: Elevating Blockchain Adoption to the Next Level" Full programme and registration: https://lnkd.in/ecAp-vUt