Trade Finance Forum › Forums › Trade Finance › Basics › I’ve heard a lot about blockchain technology and how it’s disrupting various industries. How is it affecting the stock market, and what are some of the companies that are using blockchain to innovate in this space? › Reply To: I’ve heard a lot about blockchain technology and how it’s disrupting various industries. How is it affecting the stock market, and what are some of the companies that are using blockchain to innovate in this space?
Blockchain revolutionizes the stock market with faster settlement, lower costs, and increased transparency. Blockchain’s potential to enhance efficiency and accessibility is gaining attention from market participants and regulators.
Real-time securities settlement reduces risk and boosts liquidity. By eliminating intermediaries, blockchain reduces trading and investment fees. Decentralization and immutability enhance transparency and security through shared ledgers and smart contracts. Automated post-trade processes streamline clearing and settlement, eliminating errors and intermediaries. Asset tokenization enables fractional ownership and improved liquidity.
Here are some companies using blockchain on the stock market:
Blockchain Foundry is a blockchain development company whose products include a blockchain-based trading platform and a blockchain-based clearing and settlement system.
Digital Asset Holdings provides blockchain-based solutions for the financial industry. Its products include a blockchain-powered exchange and a blockchain-based custody solution.
Ripple is a company that provides blockchain-based solutions for cross-border payments. Its products include a blockchain-based payment network and a liquidity pool.
Overstock is an online retailer that uses blockchain to track ownership of its inventory.
CME Group is a derivatives exchange that is exploring blockchain to trade securities.