Eliminating Settlement Risk and Counterparty Friction
For more than half a century, cross-border commercial trade settlements relied on an intricate web of correspondent banking Nostro and Vostro accounts, generating substantial foreign exchange spread fees and multi-day liquidity deadweight.
By executing atomic Payment-versus-Payment (PvP) settlements on permissioned distributed ledgers supervised jointly by participating central monetary authorities, commercial banks have eliminated settlement risk while cutting transaction fees by over 80%.