The Register of Securities Movements and the Blockchain are two key tools in the financial world. They are both used to keep track of the buying and selling of assets and securities. The Register of Securities Movements (RSM) is a government-maintained electronic database that records the buying and selling of securities. The Blockchain is a digital ledger technology that records digital transactions and can be used to store information related to financial transactions.
The Register of Securities Movements was created to bring transparency and accuracy to the buying and selling of securities. This database helps to ensure that all transactions are properly recorded and that any discrepancies can be easily identified. The RSM also helps to protect investors from fraud and other misconduct.
The Blockchain is a digital ledger technology that records digital transactions and can be used to store information related to financial transactions. It is a distributed ledger technology that is decentralized and is secured by cryptography. This means that it is very difficult to tamper with or alter the information that is recorded in the Blockchain.
The combination of the Register of Securities Movements and the Blockchain can be used to streamline and secure financial transactions. By having the RSM and the Blockchain working together, financial institutions can be sure that all transactions are properly recorded and that any discrepancies can be easily identified. This helps to reduce the risk of fraud and other misconduct.
The use of the Register of Securities Movements and the Blockchain can help to make the financial world more transparent and secure. By having both of these tools working together, investors can be sure that their investments are safe and secure. This can help to increase the confidence of investors and can help to create a positive environment for financial transactions.
The old securities registers were in paper form.
But this posed many problems:
These obligations are time-consuming and costly. Now, blockchain technology makes all this easier.
Indeed, the registration of a movement in blockchain prevents any falsification because its registration on a shared electronic recording device prevents any subsequent modification.
Moreover, the cryptographic proof of anchoring makes it possible to find the securities movement anchored on the blockchain at any time and to prove its content.
The Monetary and Financial Code also mentions this notion of blockchain in Article R. 211-9-7, which states that "the shared electronic recording system is designed and implemented in such a way as to guarantee the recording and integrity of entries and to make it possible, directly or indirectly, to identify the owners of securities and the nature and number of securities held.
Moreover, the regime establishes an equivalence between registration in a securities account and registration in a securities DEEP (Article L. 211-7 of the Monetary and Financial Code).
🎁 Recevez en exclusivité les opportunités d'investissement. 100% gratuit.
Algae is the first European platform that democratizes real estate investment.