Reduce Settlement Risk & Increase Trading Capacity
The solution allows firms to efficiently mitigate Herstatt risk in FX trades. The service leverages a rulebook and a distributed ledger to achieve final settlement through the simultaneous exchange of funds on an intraday basis, increasing trading capacity.

Optimise Intraday Liquidity & Funding
By netting and settling intraday and on demand, the service helps to optimise liquidity and funding, removing the constraints of cut-off windows and the costs of pre-funding nostro accounts, with the full payment and settlement process complete in just 3 minutes.

PvP Across All Currencies & Counterparties
The solution allows firms to manage PvP settlement across all currency pairs and wholesale counterparties, including emerging markets currencies, without the need to access the central bank accounts required by existing multilateral PvP infrastructure.

Reduce Operational Overheads
The service provides automation, control and transparency through the end to end post trade lifecycle, reducing the risk of failures and allowing rapid resolution and resubmission when breaks do occur.

Innovate with minimal disruption
The only live bilateral PvP service in the market, the solution embraces the efficiency and immutability of a distributed ledger, while integrating seamlessly with existing banking systems and payment rails, leading to faster deployment and realisation of benefits.

Scalable and Secure Deployment
Designed for the rigours of institutional capital markets, our highly scalable, single tenant, cloud-based infrastructure has settled trillions of dollars in production and is fully compliant with SOC2-Type 2 standards.