Create Your Settlement Network Working Group
Being a part of ClearToken’s ecosystem means onboarding once to not just eliminate a myriad of bilateral settlement procedures but also opening opportunities to create new trading relationships with other Participants also onboarded in our settlement system.
ClearToken is getting ready to go-live with you and other participants this year and we invite you to join one of our small working groups. Our working groups are typically comprised of 1-2 liquidity providers on one side, and trading platforms, crossing networks, or direct OTC counterparties on the other side. Together, ClearToken facilitates each group’s journey from onboarding to first trade “pilot” settlements via DvP. Once satisfied with their “pilot” group’s success, these individual networks connect to form a network of networks. As Participants continue to join, the network expands exponentially with more firms benefiting from streamlined counterparty onboarding and STP DvP, netted settlements.
Working Group Approach:
Start Small, Scale Fast
1: Currently Complex Settlement
Settlement relationships in today’s digital asset markets are bilaterally conducted on individual terms at great cost, risk and capital inefficiencies for all parties.
2: Streamlining Settlement Processes
Transitioning settlement from multiple bilateral relationships to ClearToken, based on consistent and standardised terms under a common rulebook, providing the benefits of netting, efficient cycling of capital and reduced counterparty risk. Participants initially onboarded in discrete working groups to seed the network.
3: The Network Effect
ClearToken participants onboarded through the working groups now benefit from the opportunity to settle with each other, enabling new relationships with counterparties with minimal setup, expanding their networks.
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