Asset-backed securitization ranks high among the types of capital market product structures that could benefit the most from the blockchain revolution, said partners at DLA Piper; Cravath, Swaine & Moore; FisherBroyles; and Morgan, Lewis & Bockius, all of which have corporate clients with related projects underway.

The question is no longer if, but when, for these blockchain-based ABS products, said lawyers from the firms, although all cautioned that such novel transactions are unlikely to happen this year. Law firms, however, are already ramping up specific practice groups that cater to clients preparing to roll out certain initiatives in the blockchain space.