Yao Qian, general manager of China Securities Depository and Clearing Co., Ltd. and former director of the Central Bank's Digital Currency Research Institute, stated in the 23rd issue of China Finance 2019: The new generation of financial market infrastructure based on distributed ledger technology Market Infrastructures (FMI) can make financial services more open, dynamic, and resilient, while also making financial regulation more precise. With the help of digital technology, DLT-based FMI is not only feasible and controllable, but supervision can also be made more precise. Therefore, it is normative. The DLT ledger is not easy to forge, it is difficult to tamper with, and it is traceable and easy to audit, so it is transparent. At the same time, it opened the wall of the traditional distributed system, making financial services more free and open, more dynamic, and it is also based on trusted technology, strong fault tolerance, and more resilient. In summary, the new DLT-based FMI is a financial market infrastructure that meets the five standards of "standards, transparency, openness, vigor, and resilience", with unlimited potential and promising prospects.