Central Securities Depositories (CSDs), in the post-trade environment, are changing their mind on new technologies and on their future position in the blockchain world. Increasing regulation, legacy systems, and costs pressures, are drivers for CSDs to at least embrace some aspects of the blockchain. They are increasingly considering them as an enabler of more efficient processing of existing and new services, instead of a threat to their existence. CSDs are likely to play an integral role in any blockchain environment. But they will look quite different from we know them today. Yes. CSDs are not expected to disappear in a blockchain world.