WEPEX focuses on providing specialist and strategic advice to banks, stock exchanges, as-set managers, portfolio managers and other financial service providers. The collaboration brings together adesso’s IT expertise and WEPEX’s specialist securities knowledge. This combination of skills and strengths is intended to provide banks, stock exchanges, asset managers and capital management companies with added value along the entire value chain when it comes to the process-related and technological challenges of the retail and wholesale securities business. One particular focus will be on the blockchain-based upgrading of securi-ties and stock exchange platforms and the introduction of digital assets.
Background: innovative business models and new regulation
Blockchain and distributed ledger technology (DLT) open up new prospects for the develop-ment of innovative business models and application scenarios in the securities business as well as in the operationalisation of digital assets. Upgrading from legacy platforms and imple-menting blockchain-based platforms and processes place the highest demands on IT and technical expertise in the financial sector.
Regulation is now also following suit and must be taken into account: the 2021 Act on the In-troduction of Electronic Securities (Gesetz über elektronische Wertpapiere, #eWpG) has paved the way for the digitalisation of securities in Germany. At European level, the regulation of crypto-assets through the Markets in Crypto-assets (MiCA) Regulation and the DLT pilot regime create a reliable basis for trading cryptocurrencies. It also enables financial service providers to hold securities and digital assets in safe custody for customers.
