Aurora Cuadros, Corporate Director of Securities Services at Cecabank.
The digital «assets have been laid down as a reality transformer that is marking the road map of the financial markets »
«The custody of assets requires of an evolution of the traditional world to this new world cripto»
The emerging technologies as the tokenización of assets, the DLT and the artificial intelligence are shocking deeply in the financial industry. The inexhaustible universe of the digital assets causes such classification diversity that impedes being able to confer them an only definition. Nonetheless, it is illustrated that have been laid down as a reality transformer that is marking the road map of the financial markets.
The criptomonedas, the sovereign digital cash, the tokens and the NFT are had become key elements in the financialtransformation, boosted by the accelerated irruption and development of new technologies. Just observing the growth of the digital currencies in recent years can demonstrate the potential of this market; nowadays exist already more than 22,000 different types of criptomonedas according to figures of CoinMarketCap. Therefore, do not talk of a faddish trend, but instead of a phenomenon that it is redefining structural aspects and of operation of the markets to worldwide level.
The rapid growth of the digital assets - sector that exceeds the 2.4 trillion dollars of capitalisation in cripto and the 13,500 millions in tokenización, according to RWA - hoards the attention of investors and regulators all around the world.
Similarly, the ecosystem of this kind of assets presents a series of paradigms; we find us before a sector that shows evident opportunities, but also significant challenges regulatory. An unceasing reliable environmentss demand is demonstrated, specialised and regulated that they allow obtaining the maximum potential of these instruments, while it puts on of manifesto both importance and establishing the necessary frames that regulate and guarantee in a suitable way so much the protection of investors as the entirety of the financial system, underlining the need of maintaining a balanced approach that promotes the innovation, but without compromising the security and the transparency.
Legislative harmony to promote the dialogue and the security in the markets
We live a geopolitical new age and we face the uncertainty in a world of interconnected risks. Just as highlights the World Economic Forum in its recent Digital report ‘Assets Regulation: Insights from Jurisdictional Approaches’, several governments lengthways and gauge of the planet are adopting already approaches different for regular the digital assets and being able to reply to the challenges and opportunities that they offer. Between the challenges: its decentralised nature, the balance between privacy and security, its high volatility, the accelerated technological innovation and, as not, the regulatory fragmentation. And between the opportunities that we offer sitting a regulatory base: guarantee the protection of the investor, improve the security and prevent the criminal activities, promote the innovation and give stability to the system.
When dealing with the need of a regulation that - adapted to new technology challenges that faces the financial sector - contributed a frame of legal certainty for the market of digital assets, Europe took a proactive role in the responsible adoption and regulated of the digital assets.
With the establishment of the European regulations MiCA (Markets in Crypto-Assets), planned for January 2025, have been suited the bases to establish some clear standards that they contribute to constitute a sure market and structured, giving a regulatory framework that contributes protection, security and transparency to the investors and, at the same time, suppliers of services of criptoactivos. This regulations not only establishes guidelines for the marketing of criptoactivos, but instead that also regulates the custody, the issuance and the management of these assets. The importance of this advance is significant, then establishes transparency and consumer protection standards in a sector where, until now, the volatility and the lack of regulation inspired mistrust.
Before this context, is fundamental to possess a strategic vision and sectorial. Have a reliable member, as Cecabank, company B2B that emphasises for its anticipation skills to the challenges that faces the financial sector and the potential of adjustment to new trends to provide the best services in the moment that its clients it require, is key.
Specialisation and innovation to lead the market
To overall level, the financial industry is experiencing an unprecedented promoted transformation for the tokenización of assets, especially in the sector of the management of funds. This innovation is being boosted by the technology blockchain that it is redefining the way of marketing, manage and distribute the financial assets. It is a reality that major banks and the managers are beginning to launch funds tokenizados, specifically funds tokenizados monetary on technology blockchain, for the advantages that grants to companies and investors. There is no doubt that this technology contributes great liquidity, instantaneous and transparency operating capacity that the used until now by the financial system, providing him of increased efficiency, better costs traceability and reduction.
In the field of the banks guards, there is that conscious being of that the custody of assets requires of an evolution of the traditional world to this new world cripto. The banks guards, as infrastructures critical of the financial system, have a very relevant role that play such as service providers of criptoactivos. With the arrival of the rigorous regulation MiCA, the regulatory framework necessary to be able to will be had begin to operate. For this reason, from 2019, Cecabank takes building an ecosystem that him will allow offering asset custody services digital to institutional clients in 2025, with great guarantees of compliance, risk management and cybersecurity, among others multiple aspects.
Cecabank, bank of reference in custody and depositary, player financial fundamental, regulated and supervised company from its creation, and independent and neutral supplier of the maximum confidence, possesses the knowledge and technical abilities necessary to expand its value chain through specialised services and move forward in the custody of cryptographic keys.
