Tokenovate provides a SaaS platform that automates the post-trade, collateral, and tokenised settlement lifecycle for capital markets participants. The platform leverages the Common Domain Model (CDM) to transform contracts into computable code, enabling deterministic workflow automation for lifecycle events and collateral mobility. This results in reduced operational friction, lower costs, and the capability for near-instant atomic settlement across various asset classes.
Funding
$9.8M 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 over-the-counter (OTC) derivatives market suffers from fragmented data and workflow silos, leading to inefficiencies in post-trade lifecycle management. This results in increased operational costs, higher risks of errors, and challenges in regulatory compliance due to a lack of a unified view of trade data.
Solution
Tokenovate provides a decentralized financial market infrastructure (dFMI) that leverages blockchain, tokenization, and smart contracts to automate the post-trade lifecycle management of OTC derivatives. The platform creates a unified, immutable trade record, establishing a single source of truth for all trade-related data. By digitizing and automating smart digital contracts based on ISDA® CDM™, Tokenovate enhances accuracy, compliance, and operational efficiency for key players in capital markets. The secure, scalable, and modular cloud-based software integrates with existing infrastructure via APIs, enabling continuous improvements in trade lifecycle event management, from asset sourcing and custody to settlement and reporting.
Target Audience
The primary target audience includes financial institutions, capital market participants, and other key players in the derivatives market seeking to improve operational efficiency, reduce costs, and enhance regulatory compliance.
Features
- Unified Trade Record: Consolidates all trade data into a single, immutable, and standardized on-chain source of truth.
- Tokenization and Custody: A tokenization engine and custody platform for tokenized assets that improves collateral mobility and capital efficiency.
- Smart Contracts: Script-based conditional logic statements that execute automatically, reducing errors.
- Cloud-Based Platform: Modular architecture delivers performance, robust security, and scalable solutions.
- API Integration: Seamless integration with existing infrastructure via APIs.
- Asset Class Agnostic: Optimized for various asset class derivatives, including real-world assets and voluntary carbon credits.
- Compliance: Embedding industry standards through CDM to ensure consistency and compliance.
- Blockchain Technology: Utilizing distributed ledger technology (DLT) to increase transparency and operational efficiency.