The April 2025 report highlights growing but cautious adoption of distributed ledger technology, with 56% of firms planning spending increases of 5% to 10% over two years. Post-trade operations like clearing and settlement are key focus areas, and fixed income leads in investment. Firms expect modest revenue growth, with 70% anticipating a 1% to 5% increase. However, lack of management support, regulatory uncertainty, and legacy IT systems remain major barriers. A strategic roadmap addressing these issues, paired with standardization across asset classes, is critical for long-term success in capital markets.

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