Blockchain Founder President Erol User gave a speech at the Gathering of the Institutional Capital Markets Gurus Meeting in London.His speech made all the big names very happy and they confirmed their willingness of using Blockchain technology in their sector more efficiently.
Blockchainarmy Founder President Erol User shared his views on problems and to the solutions
Issue digital securities in minutes
Security issuance today is a complex, time-consuming process that involves multiple stakeholders—the issuer, investment bankers, syndicate members, regulators—who all need to reconcile on an array of documents: engagement letters, issuer undertakings, regulatory submissions. This manual, multi-step process is both inefficient and prone to errors.
Our blockchain application enables you to easily and quickly create digital representations of conventional securities using Ethereum’s built-in token functionality. Blockchain-based securitization not only streamlines issuance by digitizing documents but also allows you to customize financial instruments and create wholly new digital assets.
Conduct sales and trading on a common, transparent platform
Sales and trading today is fragmented across exchanges, brokers, and order matching systems, often with time delays up to 10 business days and therefore increased counterparty risk. Multiple copies of each transaction pass through intermediaries such as clearing banks and depositories, resulting in billions of dollars of back office costs and custodial services.
Blockchain solutions enable digital securities to seamlessly go to market through a variety of automated mechanisms such as bilateral negotiations, centralized exchanges, decentralized exchanges, matching algorithms, and auctions. By implementing decentralized marketplaces, our application helps counterparties coordinate on a shared platform and trust an authoritative data source for transactions.
Manage assets in a single dashboard
Collateral management today involves manual reconciliation and the physical delivery of securities, causing delays of up to two days between the valuation and call. Moreover, collateral valuations, implementation of agreements, and the view of positions are inconsistent across participants, making it difficult to obtain a full overview of a firm’s existing collateral.
Our application provides a view of all margin calls and pledges in a single dashboard so you can analyze collateral balances in real time. This unified snapshot allows asset managers to accurately calculate and rebalance collateral across a trading network and provides investors with a comprehensive wallet view of all their assets.
Streamline exchange infrastructure
Exchanges are responsible for a complex array of tasks ranging from the trading and management of equities to OTC upgrades to data licensing. Many of these processes, such as KYC, AML compliance, and trade matching—though increasingly electronic—have latency problems and technical constraints that result in costly overhead.
Our application facilitates fair and orderly trading and efficient price discovery, while accommodating new digital asset classes and ensuring security and compliance. With our application securities exchanges can streamline data verification, expedite clearing and settlement, and embed payments networks, ultimately decreasing overhead costs.
Achieve instant settlement and unparalleled accounting
The clearing and settlement process today is built upon fragmented financial infrastructure that is not only inefficient but results in significant liquidity constraints and credit risks. The settlement cycle on current financial systems can take up to 10 days, leaving both counterparties exposed to the risk of not receiving the securities or purchase price on time.
Our smart contract technology enables asset settlement and ledger consolidation in seconds instead of days. As a blockchain-based platform, Codefi offers a single source of truth so you can see an asset’s journey from one custodian to the next, with every debit and credit recorded as an immutable entry.