All assets held in the Euroclear account with the National Settlement Depository are frozen.
Carbonplace will provide settlement infrastructure by the end of 2022.
The regulator wants to shorten the settlement cycle to T+1.
Licence in Oslo marks final step to align with European regulatory framework.
Institutional adoption of digital assets is hindered by lack of infrastructure to fit their needs.
Real-time settlement is the key benefit of blockchain-based processes.
Participants can increase straight-through-processing for voluntary corporate action instructions.
It may take 10-15 years for DeFi to be broadly accepted across financial markets.
State Street was previously the sole servicer.