CBDT clarifies Principal Purpose Test under the Mauritius-India tax treaty
Corporate social responsibility
Institutional DeFi at an inflection point
10 March 2026
The infrastructure that underpins global capital markets settles over $10 trillion in transactions every day. It does so slowly, expensively, and across a web of fragmented systems that were never designed for the markets they now support. Post-trade processes alone account for up to 30–40% of total transaction costs in some asset classes. That is not a technology problem waiting to be solved. It is a structural cost that institutions have simply learned to absorb.
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