Global law firm Norton Rose Fulbright has been appointed as external adviser to the Post-Trade Distributed Ledger (PTDL) Group.
The PTDL Group brings together major post-trade industry participants and regulators to share information and ideas about how distributed ledger technologies could transform the post-trade landscape. Membership includes 37 global banks, custodians, central securities depositories, clearing houses, exchanges, regulators, government agencies, and central banks with further organisations set to join in the next few months. The Group’s organising committee will be made up of representatives from CME Group, State Street, HSBC, UniCredit, Euroclear and London Stock Exchange Group.
Norton Rose Fulbright will advise on legal and regulatory issues affecting PTDL Group.
Sean Murphy, partner at Norton Rose Fulbright and head of the firm’s global distributed ledger and blockchain practice group, commented: “We are delighted to have been appointed external legal and regulatory adviser to the PTDL Group. Distributed ledgers and blockchains have the potential to revolutionise the ways in which business transactions (including post-trade transactions) are undertaken and the use of such technologies raises unique legal and regulatory issues. This technology will in all likelihood be transformational for the financial services sector."
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