Blockchain-Based Over-the-Counter FMIs

Qian Yao ()
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Qian Yao: Technology Supervision Bureau of the China Securities Regulatory Commission (CSRC)

Chapter Chapter 4 in Blockchain-based New Financial Infrastructures, 2022, pp 75-99 from Springer

Abstract: Abstract Compared with the organized exchange market, the OTC market is characterized by decentralized registration, “peer-to-peer” transactions and distributed operation. Its advantages lie in the flexibility of the mechanism and diversity of products. Its disadvantages are as follows: Fragmented registration easily leads to inconsistencies in registration and impedes the free transfer of product ownership; the business involves many parties, resulting in low efficiency and a high cost of information exchange; and the market is not transparent or fully visible to regulators, putting investors at a risk of loss.

Date: 2022
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DOI: 10.1007/978-981-19-4843-5_4

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