Digital Asset and Isda Create Rosetta Stone for Derivatives Smart Contracts

Industry efforts to digitize derivatives trading have progressed steadily, but cumbersome post-trade processes have often proved to be a roadblock. Now, two of the largest entities in this space believe they may have cracked the code.

The International Swaps and Derivatives Association (Isda) and Digital Asset have announced an open-source reference code library, which they say will accelerate the adoption of Isda’s digitization project, known as the Common Domain Model (CDM). The initial form