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

31.03.2018
Oxygen applies for regulation in Gibraltar
On the 31st March Oxygen has applied to be authorised under the the Gibraltar DLT regulation which came into effect on the 1st January 2018. With the help of PWC and the Gibraltar law firm Isolas, Oxygen has submitted the complete application form which provides the details about the business, risks and controls implemented by the business.
 Read more
08.06.2018
Oxygen is rolling out the platform prototype
Oxygen has unveiled its interactive prototype, which displays how the platform is going to function and demonstrates the user flows and the platform design.
 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