Nasdaq connected the blockchain technology of the Canton network to its Calypso platform, allowing automated margin and 24-24 warranty management. Integration has been developed thanks to a partnership with QCP, Primrose Capital Management and Digital Asset.
The move deals with a key institutional use case for blockchain: collateral mobility. The regulation of traditional assets often involves delays of a day or more, but the new system allows a real -time movement of capital management and margins in several asset classes, including cryptographic derivatives, fixed income securities and over -the -counter derivatives.
The Nasdaq Calypso is the offer of the company’s capital markets and cash solutions, with collateral management as a facet of the platform. The platform will now support automated workflows on traditional and digital assets.
“The automation of collateral chain management allows us to offer our customers improved security, better prices and the possibility of deploying 24/7 capital on traditional and digital assets,” said Melvin Deng, CEO of QCP.
Canton Network extends its collateral imprint
Digital Asset, who has developed Canton, targets the use of collateral management for some time. The company already has major customers using canton technology for guarantees, including Broadridge with its intraday DLR rehabilitation solution which deals with 1.5 billion of dollars in transactions monthly. Equalend, the largest securities loan platform, has also developed a source using technology.
When Digital Asset unveiled the Canton network for the first time, the initial pilots focused on tokenized guarantees. Earlier this year, Euroclear announced tokenized collateral tests with a digital active ingredient. The Blockchain company faces competition in this space, the DTCC also providing for launching a tokenized collateral network. However, this system is probably integrated into Canton, in particular since the DTCC participated in the recent financing round of $ 135 million in Digital Asset.
