The virtual exchange is designed to increase trading efficiency for institutional investors. Assets are issued on the underlying DLT and changes in ownership of assets are recorded instantly and immutably. Transactions on the exchange are settled in seconds rather than days with the exchange operating 24/7. This removes risk by dramatically shortening clearing & settlement time and cost while enhancing both transparency and liquidity for clients.
The Digital Virtual Exchange, which supports fractional tokenization of various security types (e.g. shares, bonds, currencies) opens up a whole new world of trading possibilities for the institutional investors and promises to bring a new and improved digital customer experience.
By eliminating the need, and thus associated cost, for an intermediary to provide custody services, Standard Charter stands to benefit from substantial savings.
Moreover, as the market can operate 24/7, clients have greater flexibility.
Standard Chartered drastically improved clearing & settlement time and cost while enhancing both transparency while creating potential liquidity for their clients.
Insights into enterprise blockchain and SettleMint updates delivered straight to your inbox.
This project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 849969.