Central Banking

Brainard ‘optimistic’ DLT has future in financial services

Lael Brainard
Lael Brainard

One of the governors of the US Federal Reserve has said she believes distributed ledger technology (DLT) will prove valuable for financial services in the future.

Speaking in San Francisco, Lael Brainard said on May 16 that even if crypto assets prove to have “a very limited role” in the future, the DLT behind them is likely to “live on”.

“I remain optimistic that the financial sector will find valuable ways to employ DLT in the area of payments, clearing and settlement in coming years,” she s

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