Many new technological advancements are made now and then in the field of cryptocurrency and digital assets, there is an increased amount of interest in this particular sector as we can see that many businesses are trying to get themselves involved in it, as well as the government of different countries, are getting themselves involved in a task well in terms of getting a regulatory Framework which is going to decide how the sector is going to operate as well as other things that are going to be defining it too.
Apart from that over the years, we have seen that there have been many breakthrough Technology things that have been done in this particular field initially, it was something which was just digital assets that started with only Bitcoin after that there was a payment network that was built which was known as lightning Network and after that a lot of the things like blockchain technology was being looked up on and it was worked upon and we saw a lot of things that are being done today happen.
And now that there is a lot of interest towards this particular sector as well as there is a lot of support towards it and the user base is also growing at a really fast pace there is a lot that is happening in this field and recently there has been something which is quite Revolutionary and is one of a kind, especially for this particular sector.
The United States has been a long debated as well as a very confusing state that is a cryptocurrency similar to securities used in the financial market and that has called a lot of law sources Among many businesses as well with the authorities due to the same uncertainty. But now in another part of the world, there has been something that is the same as there has been a digital native security insurance that has been done on the blockchain itself.
Euroclear which is a bank based out of Belgium has now launched the first ever digital native security on the stock exchange of Luxembourg which is also been collaborated by the World Bank itself for this project and it is a really big digital Bond. The digital bond is worth over 100 million Euros and it is known as the digitally native notes or den which is going to be insured by the World Bank itself and is going to be having a lot of things that include settlements of digital financial assets through a lot of ledgers as well as the company that is going to be involved in the same project as well.
The insurance of these assets is going to be made through blockchain itself the transaction has been done and the agent was for this particular transaction the city group and the dealer for this particular firm was the Canadian investment bank namely TD Securities. All of this is a very big step in the direction of the Crypto ecosystem and integrating it into the financial sector a lot better as it has been something that could mean it has some very meaningful value and in the end can be something that people are going to trust upon and use as more than an asset.
This thing has the potential to do a lot of things especially it can be converting how the capital markets are operating especially in the debt category as the current insurance model is completely based on the same aspect and integrating cryptocurrencies and digital assets with that is a big move and it is not just a big move but can be a Revolutionary one which can trigger a lot of other things at the same time as well.
Not only security but there are going to be a lot of other services that Euroclear is going to be offering digital currencies including trading that security is as well as custard services along with many kinds of asset servicing also going be provided to the customers which are going to be surely a very big thing as a single bank is providing so many options for a customer and also giving the trip to asset status of security as well and allowing them to be used as the same.
In the future, these steps are going to be countered as one of the fundamentals of how the trip to the ecosystem is going to look like the future because these things are going to have a very big packed on how we are going to be looking at the trip to the ecosystem in a few years especially when we are going to have a proper regulatory Framework that is going to exist in almost every market of the world
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