The Blockchain Association for Finance contributes to the evolution of the financial industry by fostering discussions between key players and proposing standards around the use of blockchain. More specifically, it intends to help market participants define ways and tools to securely and efficiently share information leveraging distributed ledger technology. Practically, it also provides general governance and management rules to and among the users of the Wecan Comply platform which allows custody banks and external asset managers exchange information.
Ensure that the Platform is in line with the needs of its Members.
Determine and improve the common standards for the onboarding of notably external asset managers.
Determine and decide on the necessary common development, improvement, additional specification or common functionality of the Platform.
Follow regulatory changes in order to ensure the compliance of the Platform with the laws and rules into force.
Organize workshops with experts and among the Members, notably regarding regulatory developments.
Ensure the Platform continuity as per a service agreement agreed upon between the Association and the Platform’s provider.
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