Bosonic, the U.S.-based decentralised Financial Market Infrastructure (dFMI) business, has launched Bosonic Enterprise Solutions, a clearing and settlement capability for digital assets that removes the dependency on bilateral credit or a central counterparty. The capability has been launched to meet the growing demand from a range of clients, including regulated financial market infrastructure organisations and banks looking to launch digital asset capabilities, as well as newly-formed digital asset exchanges that need a best-in-class post-trade clearing and settlement solution to eliminate counterparty credit and settlement risk.
Bosonic Enterprise Solutions deploys Bosonic’s Layer-2 blockchain service to support payment versus payment (PvP) instantaneous clearing and settlement of digital assets and fiat currencies that already underpins the Bosonic Network. The service can be delivered using a SaaS model or via a dedicated deployment model to suit the needs of clients that want to operate their own networks and market platforms. With the solution, clients of FMIs, banks or exchanges can maintain collateral in their own accounts at regulated, neutral custodians that use Bosonic’s technology to automate net settlement movements from trading.