ISDA Paper: Digital Assets Face Structural Hurdles in Institutional Derivatives Integration

Summary

This ISDA paper examines the institutional integration of digital assets into derivatives markets. It notes that while trading venues, custodial infrastructures, and tokenization platforms have emerged across both traditional finance and public blockchain networks—accelerating innovation and liquidity—significant structural constraints remain. These include limitations in settlement infrastructure and finality, capital treatment, collateral eligibility, and operational resilience, which collectively hinder scalable institutional participation.

Source

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bskyISDA Paper: Digital Assets Face Structural Hurdles in Institutional Derivatives Integrationisda.org