Why CAST?
We believe that capital markets will be a force for positive change.
The CAST Framework is composed of market standards designed for digital, blockchain-based securities. We aspire to promote innovation in capital markets with a set of open standards and technologies that anyone can use to develop mutually compatible and interoperable digital financial services.
Enabling an Integrated Financial Ecosystem
The CAST Framework enables the creation of an integrated financial ecosystem across blockchain-native and legacy systems. It is intended to give issuers, investors, financial institutions, and other service providers easy, trustworthy, and seamless access to the developing market of tokenized securities.
Minimizing integration risk will give actors throughout the financial industry the ability to transition to a new model for financial markets without prohibitive cost overheads.
Transitioning Financial Infrastructure
Its initial version has not been designed to optimize the end-state of a blockchain-based financial industry; it is a proposal to make the transition from the existing financial infrastructure possible. We encourage financial institutions and fintechs to use the CAST Framework, build their own systems on it, and ultimately improve it.
Secured and Inclusive
Capital markets must be secure, regulated, and trusted, and be open and accessible to all professional participants.
Digital Securities Integration
Capital markets participants demand and deserve an immediate and rigorous transition model in which digital securities can be created, traded, governed, and managed like traditional assets.
Decentralized Business Models
Capital markets will benefit from the emergence of new decentralized business models.
The CAST Framework is provided for general and illustrative purposes only and does not, and is not intended to, constitute an investment recommendation or investment advice within the meaning of current regulations.
The CAST Framework documentation has no contractual value and does not, and is not intended to, constitute or provide legal or professional advice, nor certify compliance with applicable laws and/or regulatory requirements.
This website and its publications are not intended to create an attorney-client relationship between the reader, user, or browser and its authors, contributors, contributing law firms, service providers, and their respective employers.
Furthermore, the CAST Framework relates to circumstances prevailing at the date of its publication and may be updated later to reflect subsequent developments.
The content in this document is provided « as is; » no representations are made that the content is exhaustive or error-free. The featured examples are used as didactic illustrations to help the reader understand the extent to which the CAST Framework can be applied.