Glossary
Every term between trade and settlement.
A settlement mechanism (DvP) that links the transfer of securities to the simultaneous transfer of payment, ensuring neither leg completes without the other.
The requirement for broker-dealers to apply Rules 17a-3 and 17a-4 to digital asset securities, linking on-chain transaction data to the account-level records regulators require.
The use of distributed ledger technology as books and records infrastructure for financial institutions, subject to the same substantive standards as traditional recordkeeping systems.