Yesterday, blockchain firm Clearmatics
announced that it has been working with XTX Markets to build a collateral management platform. The firms aim to create a member-owned network which allows for automated processes, with the launch slated for 2020.
Although the firms have not specified the type of collateral it could potentially include currencies, government securities, bonds, equities, or commodities. Managing it can hence be a complicated task, with valuation, calls and settlement.
Clearmatics and XTX hope to address these issues with automation. Using distributed ledger technology (DLT) settlements, in particular, could be done almost instantly without tedious admin.
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