Sold by: Zensar Technologies Ltd
Zensar' s distributed ledger technology (DLT) marketplace harnesses the capabilities of DLT/Blockchain to tokenize assets to create NFTs. Tokenized NFTs are then made discoverable & accessible via marketplaces to facilitate trading. Traditionally, for any transaction, a ledger/block of information is replicated with every market participant, i.e., issuer, investor, regulator, middlemen (broker, dealer, exchange), and more. Distributed ledger removes the need to replicate, as the ledger is distributed amongst the participants. It further alleviates the chances of falsification /manipulation as a single record of a transaction is maintained across the blockchain network.
Overview
This solution facilitates the real-time settlement of assets directly between the buyer and seller, eliminating the need for mediators and the charges they levy. Without question, this substantially reduces the settlement time and cost while also minimizing the probability of default. Both legs of the settlement will take place over the blockchain network, where the assets, in tokenized form (NFTs), will be transferred from the seller to the buyer, and the payment for these NFTs will be made through virtual currencies/stablecoins/CBDCs.
This solution has been built and deployed using AWS native services AWS Elastic Compute Cloud (EC2), Amazon S3, Dynamo DB, SNS, SQS, API gateway.
The DLT marketplace democratizes trading and investing for everyone by making digital assets more accessible and affordable to those who were previously unable to trade/invest in them. There is a potential to leverage such a marketplace model construct to enable trading across multiple asset classes, especially for buying or selling illiquid assets with larger ticket sizes such as illiquid bonds, real estate, private equity.
Highlights
- $3 billion USD* could be saved annually from settlement failures.
- Decreased dependence on Intermediaries by 60-80% will help to reduce cost of transactions and operations.
- Infusion of Liquidity into the markets for asset classes such as Private Equity, Illiquid Bonds etc., Immutability helps in preventing manipulation or falsification of trades/transactions. No/reduced scope for fraudulent activities
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Deployed on AWS
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Please contact the Zensar Cloud Center of Excellence (CCoE) team at awsmpsales@zensar.com or BFSCapMktDomain@zensar.com for further queries.