Singapore FinTech STACS Partners CSOP Asset Management as Blockchain Platform Provider for OTC Derivatives Trade Processing
Ltd. (CSOP) and leading Singapore FinTech firm, Hashstacs Pte Ltd (STACS) today announced the completion of their Over-the-Counter (OTC) Derivatives Trade Processing prototype, built by STACS on its Distributed Ledger Technology (DLT')-based platform, Vetta.
- Ltd. (CSOP) and leading Singapore FinTech firm, Hashstacs Pte Ltd (STACS) today announced the completion of their Over-the-Counter (OTC) Derivatives Trade Processing prototype, built by STACS on its Distributed Ledger Technology (DLT')-based platform, Vetta.
- This is part of the long-term collaboration between STACS and CSOP to deploy a live solution for efficient OTC trade processing across different asset classes.
- The platform aims to eliminate and streamline bespoke trade matching parameters and resolve trade exceptions in real-time.
- Benjamin Soh, Managing Director at STACS, said: We are thrilled to be part of this collaboration with CSOP Asset Management to deliver a cutting-edge live functional platform for efficient OTC Derivatives Trade Processing via distributed ledger technology.