Incorporating AI and digital ledger technology into business models may require substantial investment, but could help lower expenses and improve market liquidity over time, a report said.
Applying the blockchain technology that underpins crypto and artificial intelligence to financial markets could help issuers of instruments like bonds reduce costs in the next five years.
Recent innovations have increased the transformative potential of technologies like artificial intelligence and distributed ledger technology when applied to financial markets, Moody's said. While AI could potentially reduce operating expenses for financial institutions by automating manual tasks, DLT could"gradually lower financing expenses, especially for smaller issuers," according to the report.
Digital or tokenized bonds, which are becoming popular in global markets, could lower transaction expenses and make capital markets more accessible by letting organizations bypass intermediaries like banks and by increasing liquidity on the secondary market, the report said. Hong Kong's central bankDLT could also enable some businesses to capture untapped revenue opportunities and enter new markets.
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