The Impact of Blockchain Technology on Capital Markets

This expert report helps you to gain deep technical and non-technical insights of blockchain technology with a focus on capital markets. Blockchain technology is perceived as a focal point in the emerging FinTech sector with the potential to disrupt financial markets. The objective of this report is to explore the impact of blockchain technology on capital markets. To do so, this report identifies potential application fields of the technology in capital markets, evaluates their operational and strategic implications and analyses remaining challenges of the wide adoption of blockchain technology. The following questions are getting answered: What are the possible fields of application of blockchain technology in capital markets?Which operational and strategic implications arise from the adoption of blockchain technology in these applications? Which challenges must be faced for the wide adoption of blockchain technology in capital markets? How will blockchain technology affect the key players in capital markets? The paper includes an in-depth literature review and interviews with 12 experts from the industry, academy and consulting companies. A special focus will be given to the following application fields identified as the most impactful:1. Equity Post-trade Processes2. Equity Financing3. Syndicated LoansFor each of the application fields the current status, the pain points and a blockchain-based solution is described. In addition, strategic and operational implications, as well as challenges for adoption, are explained. Furthermore, this report looks into new possible blockchain-based uses cases in the future and looks in detail into the challenges which have to be solved before a wide adoption can happen. Keywords: Blockchain, Blockchain Technology, Distributed Ledger Technology, Bitcoin, Financial Markets, Capital Markets, FinTech, R3CEV, R3, Hyperledger, ICO, Digital Asset, Synaps, CCPs, CSDs, Investment Banks, Equity Post-Trade Processes, Equity Financing, IPO, Syndicated Loans, Clearing & Settlemen