Expedite and de-risk
clearing and settlement
Golden-source data and atomic settlement to efficiently move assets across markets
Digital Asset provides the leading platform to create digitally native tokenized assets to expedite transactions and settlement across markets and timezones to transform global investing. With multi-party workflows and concurrent processing governed by strict rights and permissions, CCPs and counterparties can reduce costs, risks, and the potential for settlement failures.
Cut through multiple layers of reconciliation and reduce reliance on intermediaries with synchronized, accurate data across counterparties. Remove the delta between delivery and payment with atomic settlement, or use committed settlement to ‘lock’ an asset to a particular transaction - minimizing margin postings or credit extensions, and lowering capital requirements.
Harmonized workflows and data that reshape markets
Digital Asset’s technology is setting a new standard for settlement modernization, with Daml applications supporting over US$4.5t in annual trade flows, cutting settlement times from T+5 to sub-60 seconds, reducing trade failures and saving participants millions in capital costs.
- Providers, investors, custodians and market infrastructures can seamlessly connect Daml-based applications across the Canton Network to mobilize assets with atomic settlement.
- Daml enforces contractual obligations across parties to provide transaction surety, and flexible settlement timeframes.
- Synchronized, trusted data removes layers of cumbersome reconciliation and operational risk.
- Strict privacy and compliance controls allow network participants to confidently exchange data and value and improve regulatory oversight.
Explore how our customers are using Daml
HKEX Synapse
Integrated settlement for Northbound Stock Connect, supporting the market for US$3.5T in annual trade flows with the Shanghai and Shenzhen Stock Exchanges.
HKEX Synapse is expanding global investor access to equities markets in China, accelerating settlement to improve access to capital and liquidity. Synapse is scalable, addressing the challenges of rising trade volumes, settlement regime differences and time zone challenges which were inhibiting growth. By standardizing workflows and accelerating settlement with instantaneous status updates, Synapse broadens trading and processing windows, while reducing operational and compliance challenges and risk.
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Glenda So Head of Post Trade, HKEX"The launch of HKEX Synapse will significantly improve connectivity for global investors, enhancing their post-trade capacity and their ability to handle the significant trading volumes flowing through Stock Connect."
Versana transforms syndicated loan servicing
Bringing transparency, efficiency and velocity to the global syndicated loan market
Versana, created by a consortium of banks (Bank of America Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, JP Morgan, Morgan Stanley, U.S. Bancorp and Wells Fargo) is bringing data consistency, automation, efficiencies and cost savings to the entire corporate loan market. Versana handles over 4,800 corporate loan facilities totaling $2.7T in global loan commitments on its industry-leading platform. Daml and Canton handle data flows and ledger functionality for the complex and critical business workflows, capturing real-time deal and transaction data, automating data processing and reconciliation, and allowing competitors to participate without compromising sensitive data.
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Cynthia E. Sachs Founding CEO, Versana"Converting from analog to real-time digital processes through a transparent and centralized platform will greatly improve data quality and streamline system fragmentation. With the addition of our four new investors, we expect to have more than 75% of U.S. loan market deals on our platform in real-time."
Nasdaq Carbon Credits
Digitizing and automating carbon credit issuance, settlement and custody to remove barriers to capital
Nasdaq’s carbon credit tokenization offering uses Daml smart contracts to support carbon credit issuance, settlement and custody. The smart contracts can be combined with either centralized databases or blockchains, allowing market operators, registries of custodians to deploy the solution standalone or integrate it with existing platforms.
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Roland Chai EVP and Head of Marketplace Technology, Nasdaq"Bringing institutional grade technology to underpin the [carbon credit] market will drive ever-greater liquidity across carbon marketplaces and open the possibility of greater interoperability between registries in the future."