A Distributed Ledger Technology approach to Direct Custody and Clearing (“DCC”) creates an opportunity for Global Custodians to reduce the costs and risks associated with operating and providing local custody and clearing services. The application shows the direct asset control process by demonstrating the streamlined lifecycle of a trade from submitting a Receive/Delivery Instruction to settlement of assets. Role-based visibility of asset ownership information is a key feature of the application. Assets are tagged with labels that govern the visibility of asset data between participants.
