Finextra VideoPablo Cavia, Director of Business Transformation, Axis Corporate talks to Finextra TV about Transforming the European post -trade landscape.

Blockchain and T2S: A potential disruptor

Financial market infrastructures across Europe have evolved in diverse ways due to the various national structures and regulations within which they have been developed.

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Pablo discusses the Target2Securities (T2S) project, which aims to standardise European cross-border trade settlement by integrating securities and cash accounts onto a single IT platform. Blockchain could play a material role in T2S, or even replace it.

Blockchain’s benefits, such as real-time settlement capability, reducing counterparty risk and enhanced automation, could certainly disrupt T2S.   Santander estimates that using blockchain to streamline cross-border payments, securities trading and regulatory could generate cost savings of between USD15 billion and USD20 billion by 2022.

Tags related

• Business Transformation
• post trade