Canada’s Project Jasper to explore clearing of securities in third phase
The Bank of Canada is launching the third phase of its distributed ledger project, looking to create a proof of concept for the clearing and settlement of securities using a central bank ‘cash-on-ledger’ model.
“This platform would seek to discover greater speed and efficiency by automating the securities settlement process,” Payments Canada, one of the project’s collaborators, says in a statement.
The cash-on-ledger approach, which was also employed in phases one and two, sees participants
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