Global Digital Finance (GDF) and the FIX Trading Community have created a working group for the FIX-FINP2P Protocol Interoperability Alliance. FinP2P is a routing network aiming to provide an interoperability protocol between different blockchains that host tokenized digital assets. It was founded by JP Morgan-backed Ownera.
Today there are numerous private and public blockchains hosting digital bonds, funds and other digital assets. A payment token might exist on a separate network. Rather than connecting to each network separately, FinP2P allows buyers to connect to a single network which performs the integration.
On the FIX side, it’s a widely used messaging standard in traditional finance front-office trading systems. Hence, by integrating the two it potentially allows trading of traditional and digital securities from a single interface.
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