Kiffmeister’s #Fintech Daily Digest (20220524)

China’s state-backed BSN pushes new public blockchain network

China’s Blockchain-Based Service Network (BSN) reportedly expects to launch a beta version of its open source Spartan Network for international markets on August 31, 2022. Launched in 2020, BSN’s mission is to develop a global public infrastructure to deploy and operate all types of distributed ledger technology (DLT) applications. Spartan Network moves BSN another step closer to becoming a one-stop platform for developers of DLT applications. The network is designed only for international markets because so-called open blockchains are not allowed in mainland China. On the mainland, BSN operates BSN-DDC. [Read more]

ISDA: Crypto-Asset Risks And Hedging Analysis

The International Swaps and Derivatives Association (ISDA) published the results of a study that demonstrates that hedging the most liquid crypto assets for which there is a two-way market, so-called Group 2a crypto assets (Bitcoin and Ether), with their respective futures or exchange-traded funds (ETFs), is effective. The paper also shows that the basis risk profile of Group 2a crypto-asset futures is comparable with that of existing financial assets. The capital treatment should therefore allow for offsetting for Group 2a crypto-assets and their futures and ETFs. [Read more]

Upcoming events I’m affiliated with:

The CBDC Think Tank is hosting a CBDC Papers Lecture Series on June 17 and 24 starting at 7am EST and running for 4 hours each day. [View list of papers and register here]