DTCC, Euroclear, and BCG – Building the Digital Asset Securities Ecosystem, May 2024

In May 2024, DTCC, Euroclear, and BCG released the report "Building the Digital Asset Securities Ecosystem," outlining a comprehensive framework to advance the adoption of tokenized assets in the financial industry. The report introduces the Digital Asset Securities Control Principles (DASCP), comprising six key guidelines: legal certainty, regulatory compliance, resilience and security, safeguarding customer assets, connectivity and interoperability, and operational scalability. These principles aim to establish industry-wide standards, mitigate risks, and promote a secure and efficient digital asset marketplace. The study emphasizes the necessity of collaboration among financial institutions, regulators, and technology providers to realize the full potential of digital asset securities, projecting a $16 trillion opportunity by 2030. It also addresses challenges such as legal ambiguities, regulatory alignment, and the need for robust infrastructure to support the evolving digital landscape.