The Future is Here

Decentralised Finance (DeFi) is Transforming financial services

A technology revolution is within sight yet the regulatory landscape is still unclear

DigitiSation and decentralization

Digitisation is accelerating rapidly and it’s impossible to predict exactly what our digital future will look like. But this new frontier is unfolding now, and your clients are already asking about crypto and other digital assets. It is a rapidly evolving space. Blockchain also creates opportunities for players by potentially reducing the cost of trading and making it cheaper to enter a market!

new asset Classes

Whether it is a new ETFs, or CBDC, spot or future contracts, these emerging crypto-linked products can provide forward-thinking investors with diversified exposure to broad aspects of the traditional, crypto and blockchain economies—all through well-known vehicles that are efficient to own and trade – It is time to become compliant now!

The traditional business model is under attack…

Discidium can Guide you think forward! 

 

Financial regulation - If we do nothing to reform the framework, it will be Silicon Valley that determines the future of a critical piece of our economic infrastructure.

The Hon Josh Frydenberg, Australian MP Tweet

blockchain can be used to improve and enhance currency exchange, supply chain management, trade execution and settlement, remittance, peer-to-peer transfers, micropayments, asset registration, correspondent banking and regulatory reporting (relating to “know your customer” and anti-money-laundering rules)

Implementing Crypto Asset Services

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Decentralised Autonomous Organisation (DAO)

A DAO is an innovative and natural governance structure for any crypto-native project that makes use of a set of tools for self-organisation - Existing laws and global system of rules that have been created and enforced through social or governmental institutions were not designed with DAOs in mind. Current rules and regulations are designed around actors and stakeholders who can be identified and can operate within a geographical defined jurisdiction. Decentralised blockchain-based systems, on the other hand, are powered by code and enables global, inclusive, democratic and permissionless participation - so a strong purpose and community are important ingredients for a successful DAO.
DAO
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Decentralised Finance

DeFi is the ecosystem of blockchain-enabled products and services that replace traditional financial intermediaries with freely accessible, autonomous, and transparent software. Ethereum, one of the backend rails for many DeFi projects is settling over $1.5 trillion in transactions or around 50% of Visa’s payment volume; decentralised money markets are issuing billions of dollars worth of loans every month; and individuals and businesses are using new self-custody platforms to trade and earn high yields.
DeFi

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Stable Coins (CBDC)

Central bank digital currencies (CBDCs) have recently emerged as a hot topic in the financial space. Banks, Institutions, and governments are performing research and analysis on the economic and technical feasibility of introducing a new form of digital money and its impact on monetary and fiscal policy. Businesses and consumers are adapting to digital forms of monetary interactions faster than ever imagined. A CBDC is an electronic form of central bank money with potential wide use by households and businesses to store value and make payments. It’s central bank digital money in the national unit (e.g., the AUS dollar) representing legal tender with the liability of the central bank, similar to physical currency in circulation. This makes CBDCs more secure and less volatile than other digital currencies.
CBDC

Non-fungible token (NFT)

An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. NFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes. Essentially, NFTs create digital scarcity and can derive great value and new innovative levels of engagement for users, customers and businesses alike.
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NFT

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The Metaverse

The concept has been floating for a few decades, the science fiction writer Neal Stephenson coined the term “Metaverse” in his 1992 novel, Snow Crash. The Metaverse is the concept of a shared virtual space with digital worlds. It can be created as a result of the convergence of augmented reality and sustainable virtual space. The Metaverse includes the sum of all virtual worlds, augmented reality, and the web where people can come together, to connect, play, work, study, shop, learn and delivered enhanced marketing strategies and e-commerce benefit to business and consumers with the ability to combine physical and digital products.
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METAVERSE

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Centralised Crypto Exchange

A (centralised) crypto exchange is a marketplace where an investor can buy, sell or trade cryptocurrencies, like Bitcoin, Ether or Solana. Crypto exchanges work a lot like traditional brokerage platforms . Each exchange offers a portal where an investor can create different order types to either buy, sell and speculate on cryptocurrencies with other investors. Crypto exchanges can be centralised, meaning they are managed by one corporate authority, like a brokerage company that facilitates the security of trades.
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Exchanges

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Appropriate Regulatory Frameworks

AML/ATF

Supervision of cryptoasset service providers (CSPs) remains nascent globally. While AML/CFT international standards are in place, most jurisdictions have just begun to implement and enforce them. Regulatory treatment for CSPs is contingent on the risks posed by both the type of cryptoassets offered by the CSP and the activity in which firms engage. Authorities have chosen different criteria for categorising cryptoassets across various jurisdictions and differed in definitions of related activities that would fall into the regulatory scope. AML/CTF requirements are triggered for crypto businesses in varied ways across countries.
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TAX and Tax Avoidance


A crypto asset and a cryptocurrency have the same definition from an accounting perspective. While most understand crypto to be a digital currency in its own right, cryptocurrencies are not considered money in most parts of the world, as it does not have legal tender. Instead, crypto is classified as property in most countries, and property is an ‘asset’ for tax purposes. When that asset changes hands - either by sale, swap or as a gift - this event is what's known as a disposal. If there is a profit at the point of disposal, the profit can be taxed as a capital gain. Everybody involved in acquiring or disposing of cryptocurrency needs to keep records in relation to their cryptocurrency transactions.
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Market Integrity and Preventing Fraud

A combination of market immaturity, volatility, and a lack of credible information or oversight raises concerns about market integrity, manipulation and insider dealing within crypto asset markets. This may prevent the market from functioning effectively and damage its reputation. Some abusive strategies such as spoofing and wash trades have been reported as commonly occurring in relation to crypto assets. However, the novel nature of the crypto-asset market may give rise to new forms of abusive behaviour not directly captured by current regulation, or by current market monitoring arrangements.
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Traveling Rule

The Financial Action Task Force (FATF) modified Recommendation 16, what has been called the Travel Rule guideline, to guard against money laundering and other illegal actions. The new Travel Rule guidance recommends Virtual Asset Service Providers (VASPs), including exchanges, banks, OTC desks, hosted wallets and other financial institutions, to share certain identifying information about the recipient and receiver for cryptocurrency transactions over USD/EUR 1000 globally. The travel rule is a binding FATF obligation, but most jurisdictions have not effectively
implemented it. A number of jurisdictions question whether they can reasonably impose the travel rule on CSPs until there are technological solutions available that would make compliance less onerous, as
SWIFT does for correspondent banking
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Protection of Non-Professional Investors

How do you supervise decentralized global markets where billions of people worldwide are both creators and consumers of investment products? Ordinary investors have long been banned from buying what regulators deem to be “sophisticated” investments, such as hedge funds, private equity and venture capital. But those exclusions seem increasingly antiquated as markets open to more investors, and in any event, decentralised markets can’t be gated easily
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Our financial services sector needs to prepare for change

Financial Services Opportunities 

Trade Execution and Settlement

Blockchain can enable faster settlement at lower costs while simultaneously lowering the risk of fraud. ASX has built a private Chess blockchain network, which enables the new ASX Settlement platform. Ripple has established a powerful value exchange platform over which Fi’s can exchange, in real-time, currency, cryptocurrency, commodities and other tokens of value, without relying on traditional intermediaries (SWIFT). Private bonds via a blockchain mechanism have been issued. In each case, a record of the change in ownership is immediately inscribed on the blockchain, and payment and settlement of the trade occur simultaneously

Asset Exchange

Blockchain will enable the development of new exchanges that facilitate the trade of a wide variety of assets, not only financial instruments. This would typically involve the exchange of virtual tokens that represent underlying assets, which could include physical or intellectual property.

Physical Asset Registration

Blockchain has streamlined the process of registering assets, including real property. In real estate, blockchain eliminates the need for title insurance to confirm the accuracy of a local government’s property registry. Instead of the currently expensive and lengthy title review and registration process, a public blockchain can be used to create an accessible ledger of property ownership, dramatically reducing the time it takes to transfer real estate ownership while reducing the associated costs. Blockchain is facilitating more rapid price comparison and enable the tracking of escrow payments on contracts.

Cash reserve Management

The current system of multiple intermediaries drags out settlement time, increasing costs and risk for financial institution intermediaries. Blockchain is offering the potential to drastically cut settlement time, which in turn is reducing the amount of cash and collateral that financial institutions need to hold to mitigate settlement risks. This is particularly significant for international transactions, which currently take days to complete but now be completed in hours using blockchain technology.

Algorithmic Regulation

Blockchain is not only transforming banking, it will also transform bank regulation and supervision. Financial institutions can leverage existing applications to develop algorithms that identify patterns of abuse related to fraud and money laundering. Blockchain technology is enabling banks to track the progressive history of every transaction on their systems to ensure that the origin, ultimate destination and use of funds is clear and traceable. This improves the ability of banks to identify suspicious customers and networks.

Smart Contracts and Regulatory Compliance

These use digital technology to embed business rules into a contract, including automated execution of contract terms. Using blockchain, smart contracts can be customised on a contractby- contract basis, streamlining transactions by cutting out counterparties and intermediaries. Smart contracts can be of interest to regulators because of stronger security features and reduced risks of internal hacking.

common questions

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Lorem ipsum dolor sit amet, consectet adipiscing elit,sed do eiusm por incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea sint occaecat cupidatat non proident, sunt in culpa qui officia mollit natoque consequat massa quis enim. Donec pede justo, fringilla vitae, eleifend acer sem neque sed ipsum. Nam quam nunc, blandit vel, ridiculus mus. sunt in culpa qui officia mollit natoque consequat massa quis enim.
Lorem ipsum dolor sit amet, consectet adipiscing elit,sed do eiusm por incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea sint occaecat cupidatat non proident, sunt in culpa qui officia mollit natoque consequat massa quis enim. Donec pede justo, fringilla vitae, eleifend acer sem neque sed ipsum. Nam quam nunc, blandit vel, ridiculus mus. sunt in culpa qui officia mollit natoque consequat massa quis enim.
Lorem ipsum dolor sit amet, consectet adipiscing elit,sed do eiusm por incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea sint occaecat cupidatat non proident, sunt in culpa qui officia mollit natoque consequat massa quis enim. Donec pede justo, fringilla vitae, eleifend acer sem neque sed ipsum. Nam quam nunc, blandit vel, ridiculus mus. sunt in culpa qui officia mollit natoque consequat massa quis enim.
Lorem ipsum dolor sit amet, consectet adipiscing elit,sed do eiusm por incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea sint occaecat cupidatat non proident, sunt in culpa qui officia mollit natoque consequat massa quis enim. Donec pede justo, fringilla vitae, eleifend acer sem neque sed ipsum. Nam quam nunc, blandit vel, ridiculus mus. sunt in culpa qui officia mollit natoque consequat massa quis enim.
Lorem ipsum dolor sit amet, consectet adipiscing elit,sed do eiusm por incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea sint occaecat cupidatat non proident, sunt in culpa qui officia mollit natoque consequat massa quis enim. Donec pede justo, fringilla vitae, eleifend acer sem neque sed ipsum. Nam quam nunc, blandit vel, ridiculus mus. sunt in culpa qui officia mollit natoque consequat massa quis enim.
Lorem ipsum dolor sit amet, consectet adipiscing elit,sed do eiusm por incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea sint occaecat cupidatat non proident, sunt in culpa qui officia mollit natoque consequat massa quis enim. Donec pede justo, fringilla vitae, eleifend acer sem neque sed ipsum. Nam quam nunc, blandit vel, ridiculus mus. sunt in culpa qui officia mollit natoque consequat massa quis enim.
Lorem ipsum dolor sit amet, consectet adipiscing elit,sed do eiusm por incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea sint occaecat cupidatat non proident, sunt in culpa qui officia mollit natoque consequat massa quis enim. Donec pede justo, fringilla vitae, eleifend acer sem neque sed ipsum. Nam quam nunc, blandit vel, ridiculus mus. sunt in culpa qui officia mollit natoque consequat massa quis enim.
Lorem ipsum dolor sit amet, consectet adipiscing elit,sed do eiusm por incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea sint occaecat cupidatat non proident, sunt in culpa qui officia mollit natoque consequat massa quis enim. Donec pede justo, fringilla vitae, eleifend acer sem neque sed ipsum. Nam quam nunc, blandit vel, ridiculus mus. sunt in culpa qui officia mollit natoque consequat massa quis enim.
Lorem ipsum dolor sit amet, consectet adipiscing elit,sed do eiusm por incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea sint occaecat cupidatat non proident, sunt in culpa qui officia mollit natoque consequat massa quis enim. Donec pede justo, fringilla vitae, eleifend acer sem neque sed ipsum. Nam quam nunc, blandit vel, ridiculus mus. sunt in culpa qui officia mollit natoque consequat massa quis enim.