Bosonic

Cross-Custodian Net Settlement

Custodian-to-custodian atomic net settlement on behalf of all clients in support of cross-custodian trading and payments. Automatically settles netted quantities on Layer-2 as well as delivering residual quantities that need to move between custodians for both Fiat and Crypto assets using Layer-1 Smart Contracts.

Features

Calculates net settlement amounts due for all cross-custodian trading and payment transactions of clients at different custodians

Automated workflows for Atomic Exchange of net settlement amounts due custodian-to-custodian

Netted quantities that don’t need to move are burned and reallocated atomically on custodial Layer-2 blockchain ledgers

Residual quantities that need to move are programmatically loaded into Layer-1 Smart Contracts and atomically exchanged

Automated Fiat handling to facilitate programmatic movement of Fiat over Layer-1 public ledger between custodians

Allocation reports for programmatic application of amounts due and audit trail

Clients

Custodians

Free solution to increase assets under custody and earn new revenue streams with no risk or technology integration required

Banks

Crypto financial services technology for trading, payments and lending that pairs with any custody technology

Neobanks

Access Crypto liquidity, instant payments, and asset tokenization with trading, clearing and settlement

Broker Dealers

Complete white label solution with choice of custodian, liquidity and no risk

Benefits

Facilitates trading between clients at any custodians with clients at any other custodians. facilitates payments between clients at different custodians with netted physical delivery

Riskless Atomic Exchange between clients at different custodians without AML/KYC barriers

Custodians retain clients and assets under custody but facilitate open trading and payments with clients of other approved regulated custodians

Revolving stablecoin issuance and redemption facility couples instant Layer-2 payments of Fiat and Crypto between custodians and stablecoin issuers with Layer-1 issuance and delivery