Securities Finance Industry News | Bosonic launches clearing and settlement solution for digital assets
Blockchain network Bosonic has launched Bosonic Enterprise Solutions, a clearing and settlement capability for digital assets.
Bosonic Enterprise Solutions removes reliance on bilateral credit or a central counterparty and is designed to support instant clearing and settlement of digital assets, payment versus payment (PvP) and fiat currencies that under -tend the Bosonic network already.
With this solution, clients of financial market infrastructures, banks or exchanges can hold collateral in their own accounts with neutral, regulated custodians that use Bosonic’s technology to automate the net settlement movements of the trade.
These include regulated financial market infrastructure organizations and banks looking to launch digital asset capabilities, as well as newly created digital asset exchanges looking for a clearing and settlement solution. post-trade to eliminate counterparty credit and settlement risk.
Bosonic enterprise solutions can be delivered using a SaaS model or through a dedicated deployment model.
Rosario Ingargiola, CEO of Bosonic, said: “The demand for a service such as Bosonic Enterprise Solutions has been extraordinary, with the market this year heavily focused on developing the next generation of digital asset capabilities across a range of classes. assets and use cases. ”
Jason Nabi, Chief Revenue Officer at Bosonic, comments, “Bosonic Enterprise Solutions offers a purpose-built clearing and settlement capability that provides a turnkey digital asset infrastructure platform that can be used by market operators. to run their own digital asset trading or post-trading platform. service.”