Bosonic a multi-custodian (support various operations to run) blockchain network that enables institutional adoption of Digital Assets by eliminating settlement and counterparty credit risk. The company is all set to deliver core infrastructure and interoperability that meets the needs of TradFi and allows secure access to the incredible power of DeFi. The decentralised Financial Market Infrastructure (dFMI) company has unveiled Bosonic Enterprise Solutions™, a clearing and settlement offering for digital assets that makes it independent of bilateral credit or a central counterparty.
Decentralized finance (DeFi) is a financial technology based on secure distributed ledgers and this technology removes the control, banks and institutions have on financial products, money, and financial services. Decentralised Financial Market Infrastructure is based on blockchain and thus enables a more secured network for making safer digital payments. Financial market infrastructure strengthened international trade and cross-border digital payments, at the same time it has brought security risks as its operations are managed in a centralized way.
Rosario Ingargiola, CEO, Bosonic, stated, “The demand for a service such as Bosonic Enterprise Solutions™ has been extraordinary, with the market this year heavily focused on developing the next generation of digital asset capabilities across a range of asset classes and use cases.”
Bosonic Enterprise Solutions™ offers Bosonic’s Layer-2 blockchain solution that supports the model of payment versus payment (PvP) instant clearing and settlement of fiat currencies and digital assets that already embrace the Bosonic Network.
Jason Nabi, Chief Revenue Officer, Bosonic, said, “The capital markets industry has been looking at blockchain technology since about 2015 to solve inefficiencies across post-trade. Bosonic Enterprise Solutions™, incorporating the Bosonic Network’s™ proven technology, delivers a specifically designed clearing and settlement capability which provides a turnkey digital asset infrastructure platform that can be used by market operators to run their own trading venue or digital asset post-trade service.”
A dedicated deployment model or a Software-as-a-Service (SaaS) model will be able to deliver Bosonic Enterprise Solutions™ to customers for operating their market platforms and networks.