Singapore FinTech STACS Partners CSOP Asset Management as Blockchain Platform Provider for OTC Derivatives Trade Processing
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Wednesday, February 9, 2022
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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.
Key Points:
- 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.