Major Financial Institutions Publish Interoperability Framework for Digital Assets
**DTCC, Clearstream, Euroclear, and BCG have released a new interoperability framework** for digital asset securities, marking an industry-wide consensus that assets must move across different systems while maintaining ownership, lifecycle events, and compliance.
**Key developments:**
- Industry leaders agree that issuing assets on a single ledger is insufficient
- Assets need to transfer between systems seamlessly
- Framework addresses ownership preservation and compliance requirements
This framework builds on recent institutional adoption, including a cross-border settlement solution completed by Visa, ANZ, ChinaAMC, and Fidelity International under Hong Kong's e-HKD program. That solution demonstrated secure transfers of regulated assets with automated compliance and atomic settlement across private and public networks.
The framework emphasizes the need for comprehensive capabilities including reliable data sources, cross-chain interoperability, built-in compliance, and privacy features to support global institutional markets.