New York
3 February 2017
Reporter: Katherine Brown

WSBA launches Blockchain Assets Working Group


The Wall Street Blockchain Alliance (WSBA), a non-profit trade association, has announced a new working group focused on ‘native assets’ that rely on public blockchains.

The Blockchain Assets Working Group will be chaired by Chris Burniske, blockchain products lead at ARK Investment Management, and will explore a number of aspects such as underlying technologies, development teams, economics and market behaviour.

Chris Burniske joined ARK as an internet analyst, covering big data, cloud computing, cybersecurity and cryptocurrency, in 2014. He currently collaborates with the ARK business development team and works on research in the blockchain space.

Ron Quaranta, chairman of the WSBA, said: “Chris Burniske has been a member of the WSBA almost since inception and is no stranger to providing thought leadership to our members as well as the wider marketplace.”

He added: “We look forward to our global membership benefiting from his expertise and leadership in this increasingly important aspect of blockchain platforms.”

Burniske commented: “Instead of focusing on how blockchain technology can be employed within existing financial architectures, this working group will return to the genesis of the blockchain movement that saw the need for native assets to keep decentralised and open systems in economic balance.”

He continued: “The working group will emphasise that the assets are just as important as the technology, providing participants the environment they need to stay on top of the latest developments in public blockchain networks.”

More Industry news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Volante and Open Vector partner
16 November 2017 | New York | Reporter: Jenna Lomax
Open Vector open banking strategy will be combined with Volante’s VolPay Channel
AFME urges integrated post-trading system in EU
15 November 2017 | Brussels | Reporter: Theo Andrew
Responding on the final day of the commission’s public consultation on post trade in the Capital Markets Union, AFME urged for the “swift dismantling of the European Post-Trade Forum barriers”
Asset managers concerned about reliance on manual processes, says Confluence
15 November 2017 | Pittsburgh | Reporter: Jenna Lomax
In a recent Confluence report, 22 percent of asset managers said the reliance on manual processes was the biggest back-office challenge they faced
Another mandate win for Wolters Kluwer
08 November 2017 | Luxembourg | Reporter: Stephanie Palmer
China Everbrite Bank has selected Wolters Kluwer’s OneSumX solution to provide regulatory reporting services for its Luxembourg subsidiary CEB (Europe)
“No greater threat” than cyber, says SIFMA
02 November 2017 | Washington DC | Reporter: Stephanie Palmer-Derrien
Cybercrime poses a serious threat to financial stability, according to Kenneth Bentsen, president and CEO of the Securities Industry and Financial Markets Association
BoE raises interest rates, to mixed industry opinion
02 November 2017 | London | Reporter: Stephanie Palmer-Derrien
The Bank of England has increased its interest rates for the first time since 2007, increasing from 0.25 percent to 0.5 percent
BNP Paribas posts positive Q3 results
31 October 2017 | London | Reporter: Theo Andrew
According to BNP Paribas, this can be partially attributed to the “ramping up of new mandates” and the launch of a triparty collateral management offering
More Industry news