the application of blockchain technology for funds...distributed market infrastructure poc ctn test...
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The Application of Blockchain Technology for
FundsVince Lucey, Managing Director, Innovation and Change, Calastone
© 2018 Calastone Limited
Why blockchain?
© 2018 Calastone Limited179
Immutable
Why blockchain?
© 2018 Calastone Limited180
Immutable Single version of the truth
Why blockchain?
© 2018 Calastone Limited181
Immutable Single version of the truth
Resilient
Why blockchain?
© 2018 Calastone Limited182
Immutable
Shared
Single version of the truth
Resilient
Distributors Fund Providers
Where are we now?
© 2018 Calastone Limited183
© 2018 Calastone Limited184
Orders 2.0
© 2018 Calastone Limited185
Orders 2.0Real time visibility
Hugely resilient
Connected to your current network
© 2018 Calastone Limited186
Orders 2.0- Remove reconciliations
- Integrated settlement
process
- Cash flow monitoring
Distributors
© 2018 Calastone Limited187
Orders 2.0- Remove reconciliations
- Integrated settlement
process
- Cash flow monitoring
- Reduced errors and
reconciliations – reduce
costs
- Integrated settlement
process
- Shadow register
Distributors TAs
© 2018 Calastone Limited188
Orders 2.0- Remove reconciliations
- Integrated settlement
process
- Cash flow monitoring
- Reduced errors and
reconciliations – reduce
costs
- Integrated settlement
process
- Shadow register
- Real time visibility on
global flows
- Integrated settlement
process
- Shadow register
Distributors TAs Fund Providers
© 2018 Calastone Limited189
Orders 2.0- Remove reconciliations
- Integrated settlement
process
- Cash flow monitoring
- Reduced errors and
reconciliations – reduce
costs
- Integrated settlement
process
- Shadow register
- Real time visibility on
global flows
- Integrated settlement
process
- Shadow register
Distributors TAs Fund Providers
What is the DMI?
© 2018 Calastone Limited190
Distributor TA
Orders
Settlements
Shadow
Registry
Fund Provider
What is the DMI?
© 2018 Calastone Limited191
• A permissioned, private blockchain
• Highly resilient, high performance platform
• Fully integrated orders, settlements and registry updates
• Available in H1 2019
© 2018 Calastone Limited192
Early Adopter Program – Technical Integration
© 2018 Calastone Limited - Under NDA
Select testing dates
Production trades replayed through
test systems in parallel
Review each system on an
aggregated and a trade by trade basis
Distributed Market Infrastructure PoC
CTN Test
System
DMI Test
System
Test
EMS
Production CTN Network
Test
DMI GUI
Global filter for transactions
Calastone Injector
Gain experience of monitoring and
accessing trading and settlement
lifecycle on the DMI
• Existing and new services available through
Market Access Portal & API onto Blockchain
• Access to clients on existing CTN
• Enables integration based on business case
for each actor
• No requirement for data upload
• No requirement for system integration
Summary
© 2018 Calastone Limited194
• Digital distribution is coming ….soon
• Early Adopters programme open now