The Future of Financial Markets Infrastructure

By James Wall

The past few months post passing into legislation of the EU DLT Pilot Regime there have been some innovative and interesting developments in financial markets infrastructure. 

The Goldman Digital Asset Platform, a private blockchain, launched and was utilised by EIB for the issuance of a Digital Bond that was also settled (T-0) using CBDC issued by the Banque of France and Banque centrale du Luxembourg.  The bond is listed on the Luxembourg Stock Exchange.  

ABN AMRO registered a Digital Bond on a public blockchain using the Fireblocks Platform.  An important development in proving out the use of public infrastructure in the development of the future of financial services infrastructure. While both initiatives are important steps in the evolution of the market they remain nascent in the development of an industry solution.

Atom has spent the past few months working with Bain Consulting to examine the future of Financial Market Infrastructure and how the underlying technical layers may evolve to provide an interconnected scalable solution for the future of financial services. 

The industry feedback highlights a number of themes: it is unlikely that there will be a single solution; the outcomes will be use case driven; likely to evolve as a network of networks with Private, Hybrid and Public solutions co-existing; Standards and Interconnectivity will be key.

The white paper is due to be released in the coming weeks. If you would like to receive a copy, please register your interest at:

atom@atom-consulting.org