BlockchainTrade.Market™ - Nasdaq and SEB are setting blockchain free on the Swedish mutual fund market
The fund markets are seen by SEB and Nasdaq as ripe ground for a blockchain trial, because, in contrast to the equities market, which relies on a Central Securities Depository (CSD), the Swedish fund market lacks a central, primary point for registering holdings.
Using blockchain, the market can replace the costly processes that are normally used to ensure secure trading, including paper-driven processes and follow-up phonecalls. Nasdaq and SEB are using chain.com’s ledger technology.
