Nasdaq Integrates Blockchain from Canton Network into Calypso Platform, Enabling 24/7 Automated Collateral Management and Asset Transfer.
Nasdaq has made a significant step in modernizing capital market infrastructure by integrating blockchain technology from the Canton Network into the Calypso platform.
Collaborating with strategic partners like QCP, Primrose Capital Management, and Digital Asset, Nasdaq is deploying a solution that fully automates the collateral management and asset transfer process, operating continuously 24/7.
This move directly addresses the inherent and urgent issue for institutional finance of improving collateral mobility. In traditional systems, asset payment and transfer typically take at least one business day (T+1), causing liquidity risks and reducing capital efficiency.
With new blockchain technology, collateral management can occur in real-time, applicable to various asset types such as crypto derivatives, fixed income products, and over-the-counter derivatives.
The Nasdaq Calypso platform provides a comprehensive solution in capital markets and fund management, with collateral management as its core function. Integrating distributed ledger technology not only enhances operational efficiency but also increases safety and transparency.
"Automating collateral management through blockchain helps us provide customers with a safer system, more accurate pricing, and the ability to deploy capital continuously 24/7 across both traditional and digital assets," said Melvin Deng, CEO of QCP.
This is also a strong affirmation of the application potential of Canton Network and Digital Asset in collateral management. Their technology is currently the foundation for many important solutions, including Broadridge's daily repo (DLR) product with monthly trading volume of around 1.5 trillion USD, and the 1Source platform developed by Equilend - the world's largest securities lending platform.
However, competition in this field is increasingly intensifying. DTCC (Depository Trust & Clearing Corporation), a leading US financial market infrastructure organization, has also planned to deploy its own tokenized collateral management network.
Despite fierce competition, the possibility of future collaboration between these organizations is entirely feasible. Notably, DTCC is also one of the investors in Digital Asset's recent capital raise of 135 million USD, indicating the intertwined relationship between cooperation and competition in innovating global financial infrastructure.
