International Securities Lending Association (ISLA) responded to the first report published by the Wholesale Digital Markets Champion in July setting out a framework for the development of a tokenised wholesale financial markets ecosystem in the UK.

The International Securities Lending Association (ISLA) is the leading trade association for the securities financing industry. Our 280+ global members based in 35 jurisdictions, include beneficial owners, institutional investors, asset managers, custodial banks, lending agents, prime brokers, fintechs and service providers, spanning the breadth of the securities financing ecosystem, covering activities such as securities lending, borrowing, financing, collateral management and related digital transformation. Our role in today’s evolving financing ecosystem is to ensure the market, legal, regulatory and operational foundations are aligned to stakeholder expectations, to support growth that is credible, transparent and resilient. We work with our members, global regulators and policy-makers, to drive clarity, certainty and best practice. Across regions, infrastructures and asset classes, the system is evolving beyond its traditional boundaries. ISLA helps members shape that evolution in a manner that is practical, coordinated and fit-for-purpose. A Unified Global Presence ISLA has supported the industry for 30+years and more recently in 2024, we established our affiliate, ISLA Americas. Working in collaboration with our global network of partners and peer associations, we provide a global advocacy voice for the international securities finance market, ensuring that members operating across borders benefit from a cohesive, unified approach to market evolution and regulatory change

Founded 1989