Ashurst advises global financial trade associations on landmark Digital Money in Capital Markets Report
Global law firm Ashurst has advised global financial trade associations GFMA, ASIFMA, SIFMA and AFME on their comprehensive digital money report, "The Role of Digital Money in Capital Markets".
Commenting on the landmark report, Etay Katz, partner and Head of Digital Assets at Ashurst said, “As the adoption of distributed ledger technology (DLT) in global financial markets accelerates, digital money is a crucial component of the ecosystem. The report examines novel forms of digital money - tokenized deposits, deposit tokens, wholesale central bank digital currencies and stablecoins - and how they are being deployed in capital markets use cases today. GFMA members are responsible for the vast majority of global capital markets activity and the money movements that fuel them. The report reflects the practical experience of institutions at the forefront of building and deploying digital money solutions to set foundations for capital markets of the future."
"The report identifies hurdles to overcome for global institutions to scale adoption of digital money use cases, with recommendations for policy makers, regulators and industry. That is why we are proud to have supported leading trade associations on this global initiative," Etay added. "It is yet another example of how Ashurst is driving seismic global change through embedding blockchain technology in financial markets infrastructure."
Ashurst’s global and multi-disciplinary team provided advice on both existing and forthcoming DLT financial and regulatory law, covering UK, the European Union, Hong Kong and Singapore. The team was led by partner and Head of Digital Assets Etay Katz (London), with support from partner Hubert Blanc-Jouvan and senior associate Francesco Assi (Paris), partner Ben Hammond and associate Anson Chan (Hong Kong), partner Patrick Phua and senior associate Sheena Teng (Singapore), counsel Simon Williams and associates Khadija Patel and Roni Fass (London). They were assisted by a cross-jurisdictional group from across the firm's global network.
The Ashurst team worked alongside Arktouros pllc (Jai Massari), who advised on US law and led on the report's preparation.
