fragmos chain – OTC Derivative Trade & Peer to Peer Banking
Post-Trade service for OTC derivatives
1. Project Summary
Name of company: fragmos chain
Project Period: September 2019 – March 2020
Mission of the project:
Eliminate trade data mismatches through post trade automation in a Blockchain Platform.
- Processes are streamlined from trade capture and confirmation to coupon payments and regulatory reporting.
- Data are segregated per counterparty, and encrypted using state-of-the-art standards, with strong authentication mechanism
BC technologies: Corda
Maturity Level: Minimum Viable Product
2. Project details
Inefficiencies in OTC post trade management, due to mismatches between counterparties’ trade data, results in $5Billion costs per year.
- Data privacy for bilateral trades
- Performance & scalability