Episode 4: Unmasking the Unseen: The Infrastructure Powering Digital Securities

The Critical Role of Infrastructure in Digital Securities In this episode of Old Men New Money, Douglas Borthwick discusses the often-overlooked but essential role of infrastructure in the digital securities market. He emphasizes the importance of alternative trading systems, transfer agents, and custodians in ensuring the smooth functioning of digital securities. Douglas draws from his experience at INX to explain how they built their own infrastructure to support digital assets, including the acquisition of Open Finance and Tokensoft's transfer agent. He explains the different custody models, the role of transfer agents in maintaining accurate records and compliance, and the challenges ATSs face in achieving liquidity. The episode concludes with an outlook for the future of digital securities infrastructure and practical advice for issuers and investors. This comprehensive discussion highlights the critical importance of robust infrastructure in the success and growth of the digital securities market. 00:00 Introduction to Digital Securities Infrastructure 00:10 The Importance of Infrastructure in Digital Securities 00:44 Building the Necessary Infrastructure 01:09 Critical Components of Digital Securities Infrastructure 03:20 Custody Models and Providers 07:08 Role of Transfer Agents 10:41 Trading Venues and Market Liquidity 15:39 Global Developments and Regulatory Landscape 20:00 Future of Digital Securities Infrastructure 21:15 Practical Advice for Issuers and Investors 24:10 Conclusion and Future Modules Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe