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I think institutions will adopt it for real-time security settlement. T+3 caused the Robinhood debacle of shutting down retail GME purchasing. As far as I can t
by boppo1 5y ago
I think institutions will adopt it for real-time security settlement. T+3 caused the Robinhood debacle of shutting down retail GME purchasing. As far as I can tell from the congressional hearings, T+3 is because the incumbents feel secure that they have a monopoly on security settlement tech.
- unicornmama 5y agoFascinating. Hope someone here with experience in settlement and clearing houses could shed some light. I wonder if any new solutions would need to use any existing crypto network or if they can just spin off their own.