ICMA director comments on the importance of CryptoRepo

30.01.2018

In January 2018, Global Investor Group covered the launch of the Oxygen platform and interviewed Andy Hill, a senior director at the International Capital Market Association (ICMA). Since the early 1990s, ICMA has played a significant role in promoting the interests and activities of the international repo market, and of the product itself.

Mr Hill stated: «Cryptocurrencies certainly lend themselves to repo from the perspective that they are fungible and easily valued. I think the most exciting thing about this, however, is the use of ‘smart contracts’ which effectively disintermediates custodians, clearers, and settlement systems. It doesn’t seem unreasonable that at some point in the near future this is where we will end up for more traditional financial markets such as FX and bonds.»

ICMA is a self-regulatory organization and trade association. Its membership includes issuers, intermediaries, investors and capital market infrastructure providers. ICMA is promoting development of internationally accepted guidelines, rules and standards in order to maintain and enhance the framework of cross border issuing, trading and investing in debt instruments.

More news

17.05.2018
Oxygen meets potential partners at Consensus
Oxygen CEO Alex Grebnev visited Consensus 2018 Conference, which took place on May 14-16 at the New York Hilton Midtown. Coindesk’s 4th annual Consensus conference featured talks and exhibitions on everything cryptocurrency, Bitcoin, and the underlying blockchain.
 Read more
30.05.2018
Oxygen could be among the first to be regulated in Gibraltar
On May 24th Oxygen’s founders, CEO Alex Grebnev and COO Alex Melikhov, presented Oxygen to the Gibraltar Financial Services Commission (GFSC) in order to become one of the first businesses to operate within the regulatory framework developed specifically for blockchain-related businesses.
 Read more
28.04.2018
Changelly partners with Binance
Oxygen partner, an instant digital currency exchange Changelly has joined forces with Binance, one of the top cryptocurrency exchanges in order to provide its users with a greater scope of tokens, better rates and quicker transactions.
 Read more