Share this article
Post-Trade Distributed Ledger Group Grows to 37 Members
The Post-Trade Distributed Ledger Group has taken steps to formalize its operations and add clarity to its structure.
By Pete Rizzo
Updated Sep 11, 2021, 12:15 p.m. Published May 3, 2016, 2:18 p.m.
Make us preferred on Google
The Post-Trade Distributed Ledger (PTDL) Group, an initiative launched last year by banks, clearing houses and exchanges, has taken steps to formalize its operations and make clear its memberships and organization.
Announced today, the PTDL Group now has 37 financial institutions as members, with its organization committee being composed of CME Group, Euroclear, HSBC, the London Stock Exchange and UniCredit. Although the full list of members was not revealed, LCH.Clearnet, Société Générale and UBS are among others that have been said to be participating.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Also revealed is that Ernst & Young will serve as a consultancy to PTDL Group members, while Norton Rose Fulbright will provide legal and regulatory guidance.
In statements, Sandra Ro, executive director and digitization lead at CME Group, said the goal is to determine how distributed ledger technology could best benefit the post-trade industry.
Still, Ro cautioned that expectations for the group’s work should not escalate too quickly, following the announcement, stating:
"The potential impact of blockchain and distributed ledger technology on the post-trade industry is huge, and as with all pioneering developments, there is great excitement but also uncertainty."
The comments echoed remarks delivered yesterday as part of a post-trade panel held at Consensus 2016, CoinDesk’s ongoing three-day conference in New York.
Trade image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Gold in 'extreme greed' sentiment as it adds entire bitcoin market cap in one day
Bullion ripped past $5,500 and sentiment gauges hit “extreme greed,” while bitcoin stayed pinned below $90K — a split that’s getting harder to ignore.
What to know:
- Gold’s surge above $5,500 an ounce has taken on the feel of a crowded trade, with its notional value jumping about $1.6 trillion in a single day.
- Sentiment gauges such as JM Bullion’s Gold Fear & Greed Index are signaling extreme bullishness in precious metals, even as similar crypto indicators remain stuck in fear.
- Bitcoin is lagging despite the “hard assets” narrative, trading like a high-beta risk asset while investors seeking a store of value are favoring physical gold and silver over digital tokens.
Top Stories
