Listing, trading, and settlement of digital securities
Integrate with DACS for real-time settlement, compliance verification, and full lifecycle management of listed securities.
Integration capabilities
Trade Settlement
Receive trade instructions, validate participants, execute real-time DvP. Configurable settlement cycle from T+0 to T+N.
Compliance Verification
Pre-trade KYC and compliance checks. Authorized lists, country restrictions, and lock-up validation before settlement.
Full API Coverage
RESTful API for every operation. Submit trade instructions, query settlement status, manage participant accounts programmatically.
Settlement flow
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Trade Instruction
Exchange submits trade details — buyer, seller, security, quantity, payment amount, settlement date.
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Validation
Platform verifies both participants are KYC-compliant, on authorized lists, and have sufficient balances.
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Escrow
Seller's securities and buyer's payment locked in hold pending settlement.
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Settlement
Securities and payment swap simultaneously. All-or-nothing — both sides settle or neither does.
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Confirmation
Settlement confirmed to exchange with transaction reference for reconciliation.
Bond listing — Obligation Verte Lyon
Scenario
City of Lyon issues a 5-year green bond. 10,000 bonds at 1,000 EUR nominal, 3.5% fixed coupon, semi-annual payments. Listed on exchange for secondary trading.
The bond is registered as a digital asset with maturity date, coupon rate, and payment frequency configured at creation. All lifecycle events — from distribution to redemption — are managed on-platform.
Lifecycle
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Register bond with maturity date and coupon rate
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Distribute to institutional investors
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Enforce Regulation S compliance — no US residents
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Process semi-annual coupon payments automatically
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Facilitate secondary market transfers with pre-settlement validation
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Redeem at maturity — pay principal, cancel all units