Fragmos Chain platform is built upon APIs (Application Programming Interfaces) developed as Smart Contracts on Corda.
These APIs allow to solve breaks for all OTC products, eliminate paper and produce legally binding confirmations.
Why Blockchain? Why Private Blockchain, aka Distributed Ledger Technology or DLT?
- Security: your data are exchanged securely and in real-time with your counterparties
- Immutability: your data cannot be tampered with
- Privacy: only you can access your data stored in your Corda node. Nobody else, not even Fragmos Chain
- Environmental soundness: no mining
- R3’s bank and finance ecosystem: R3’s Partner Program includes 408 partners, of which 88 financial institutions
- Alignment with ISDA CDM architecture
- Legal-proof: “a derivatives transaction that is documented on a DLT platform is admissible as evidence in the courts”, particularly for a platform based on “a Corda distributed ledger” (ISDA)
- Complementarity with other Corda initiatives, such as settlement, collateral management and asset tokenisation
What is the CDM?
Why ISDA CDM?
- Bijective comparison between trades booked by both counterparties, irrespective of their own internal booking system and data model.
- X-asset, X-features: all asset classes, all lifecycle events
- Natively aligned with ISDA legal documentation
Should you want to contact us for a demo or for more information, please