Extend Existing Standards to Crypto Before Sector Threatens Stability, Not After, Urges BOE’s Cunliffe

Cunliffe highlighted the opportunities of using DLT technology for trade and post-trade settlements, which encapsulates all the processes that follow a trade. For instance, DLT allows both equities and debt instruments to be combined in a single ledger and facilitate instant trades. Smart contracts, which are programmable to execute different functions, offer “the potential to add layers of additional functionality and features,” Cunliffe said.