agora Digital Capital Markets Ltd provides a digital platform that utilizes distributed ledger technology to manage the entire lifecycle of fixed income instruments, including the conversion of natural language contracts into SmartBonds. This solution reduces costly data reconciliation and streamlines processes by enabling efficient collaboration among issuers, distributors, and service providers.
Funding
$21.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The fixed income market faces challenges with data reconciliation and inefficient collaboration among issuers, distributors, and service providers due to reliance on natural language contracts and disparate systems. This leads to increased operational costs and slower processing times.
Solution
agora Digital Capital Markets provides a digital platform leveraging distributed ledger technology (DLT) to streamline the entire lifecycle of fixed income instruments. The platform converts natural language contracts into SmartBonds, which accurately represent the security legally and commercially. By connecting issuers, distributors, CSDs, and other service providers through an integrated communication and information-sharing platform, agora facilitates the creation and management of securities, promoting efficiency and minimizing complexity. The platform increases straight-through processing (STP) rates for the fixed income market by enabling efficient lifecycle management through the use of smart contracts and digital confirmations.
Target Audience
The primary target audience includes issuers, investment banks, custodians, CSDs, exchanges, investors, service providers, and agents involved in the fixed income market.
Features
- Conversion of natural language contracts into proprietary SmartBonds
- Integrated communication and information-sharing platform for issuers, distributors, and service providers
- Digital confirmation and signature capabilities
- Creation of fixed-income and derivative products in a single, secure environment
- End-to-end digital workflow for the entire lifecycle of a bond, structured product, MTN, or certificate
- Utilizes distributed ledger technology (DLT) and smart contracts for enhanced security and efficiency