The intrinsic characteristics of DLT lead to a partial transformation of the roles undertaken by market participants.
The CAST Framework proposes an environment in which stakeholders can adapt their operations to progressively integrate all the potential that DLT may bring to help optimize their processes.
Service providers may take one specific role or a plurality of roles, depending on their business strategy, capabilities, and the regulatory environment where they perform their activities.
A set of potential contractual agreements associated with the CAST Framework would detail and govern the various roles undertaken by market participants interfacing DLT with current systems, as described below. While they should be adapted to internal stakeholders’ assessments and to each project considered, they can provide stakeholders with a solid framework in which they can safely interact.