write a business plan for a digital CSD he wanted to build and 2 and a half years ago I was asked to implement that business plan" 1:30
Patrick O'Meara, CEO at Inveniam hosts Martin Watkins, CEO at Montis Group.
2/ "You could choose to hold them in Algorand or Hedera or Corda...You could have it on Tezos, have it on Ethereum...You can say I wanna move it from one wallet to another wallet on permissioned private or public networks whilst having the golden source protected at the CSD" 14:10
3/ "We did work with DLA Piper as the Law firm who worked with us closely in the FCA regulated sandbox to actually prove the regulatory technology that they were looking at to streamline and make it easier for private markets to access the secondary market of an Archax" 24:18
4/ "And we created Montis shares which have a token issuance agreement, which means under English Law, we've been able to tokenize our own equity. So there are already now 53M MTX tokens held at Archax Nominee in a Hedera wallet" 24:40
5/ "May last year, we started our application to become a full CSD for all suite of securities under Luxembourg Law, using the EU's CSDR and connecting to the ECB, so it's mainstream we've gone for, and the Laws of Luxembourg support us for doing all of that" 26:09
6/ "We're still waiting for the cash on-chain aspect to come in, so at the moment we have to go to the payment rails of the Central Bank, but we're on the working group with the Central Bank to help design and put forward recommendations, how we can bring cash on chain for Central Bank money" 26:33
7/ "Everything is geared up so that at the end of the year we could be ready to go live, switch on the service for our corporate bond service, but also supports funds and equities" 42:30
8/ "Archax and Montis both launched a Tokenizer which can do HTS Hedera fungible tokens, that's what our own equities are tokenized in. We can do ASA for Algorand, ERC-20, ERC-721...We've also joined with Archax the ERC3646 ecosystem working group" 49:50
9/ ICYMI,
https://twitter.com/danyeid_/status/1683927760954355716?s=46
Wow!!! It's really happening. Bonds, Funds and Equity coming on chain possibly by the end of 2023.....and Hedera is in the thick of it!!
Great find Dany.
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