Swen Werner of State Street kicked off the PostTrade 360 Copenhagen conference on Wednesday morning, presenting the opening keynote.
Personally, Swen Werner has a very opitimistic outlook at the prospects for digital assets, and the possible instant settlement of their transactions.
And in contrast to early blockchain champions, who have seen their technology as a possible replacement for traditional financial institutions, he gave the picture that updated custody services is now indeed very much in demand.
”User-centric” asset class
“The digital assets mean, at least in my perspective, the creation of a new user-centric asset class,” he said, emphasising their scalability and flexibility.
“They have qualities that – you could argue – could be achieved with today’s technology, but it’s so much easier and so much more powerful to use blockchain.”