DCO filings and the QCCP gap

Five or six entities are filing for DCO registration in crypto derivatives. Almost none of them are targeting QCCP. That is not a minor distinction. It is the only thing that changes the capital maths for banks. This edition is about that gap, and why it is still open.

This first appeared on LinkedIn on 1 April 2026. If you want to comment or discuss, that’s the place.