Finextra Video- Transforming the European post -trade landscape
Blockchain and T2S: A potential disruptor
Financial market infrastructures across Europe have evolved in diverse ways due to the various national structures and regulations within which they have been developed.
Pablo discusses the Target2Securities (T2S) project, which aims to standardise European cross-border trade settlement by integrating securities and cash accounts onto a single IT platform. Blockchain could play a material role in T2S, or even replace it.
Blockchain’s benefits, such as real-time settlement capability, reducing counterparty risk and enhanced automation, could certainly disrupt T2S. Santander estimates that using blockchain to streamline cross-border payments, securities trading and regulatory could generate cost savings of between USD15 billion and USD20 billion by 2022.