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OSTTRA, Baton & Partior Expand FX Settlement Ecosystem
- OSTTRA, Baton Systems, and Partior have expanded the FX settlement ecosystem by integrating Partior with Baton's distributed ledger technology.
- Partior's connection to the FX payment-versus-payment (PvP) settlement service allows participants to settle FX transactions using tokenised commercial bank deposits.
- This integration offers financial institutions opportunities for liquidity optimisation and capital efficiency as tokenised funds gain traction.
- The collaboration with Partior enhances the network's capabilities, providing access to settlement in major currencies using tokenised commercial bank money.
- Participants can now settle FX transactions with either fiat or tokenised commercial bank funds on a 24/7 basis.
- The network's design enables various settlement combinations, catering to institutions' liquidity demands across different time zones.
- Baton's DLT technology powers the enhanced PvP network, offering speed, transparency, and scalability for FX settlements.
- Partior's CEO highlights the efficiency of settling FX trades with tokenised commercial bank money and its role in building a more connected financial system.
- OSTTRA's Co-CEO emphasizes the partnership's goal to extend liquidity optimisation and settlement risk mitigation benefits to more currency pairs and market participants.
- Baton Systems' CEO discusses the shift towards digital assets and leveraging multiple settlement venues for liquidity optimisation and safe settlement.
- The integration with Partior provides network participants with increased flexibility in choosing account structures for settling various assets.
- The collaboration aims to advance the adoption of FX PvP settlement and cater to the evolving digital settlement landscape.
- Participants can now settle FX transactions using fiat or tokenised commercial bank assets, aligning with the industry's move towards digital assets.
- The partnership between OSTTRA, Baton Systems, and Partior aims to enhance liquidity management, settlement efficiency, and capital optimisation in global markets.
- The integration with Partior responds to feedback from early adopters and provides more settlement options to network participants.
- The collaboration signifies a significant step in paving the way for a more resilient and connected financial system through real-time PvP settlement.
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