OpenAssets and Partior have tested the settlement of digital assets and stablecoins using tokenised commercial bank deposits.
The proof of concept demonstrated atomic delivery-versus-payment, where an asset and its corresponding payment move simultaneously to reduce settlement risk.
It connected OpenAssets’ digital asset infrastructure with Partior’s settlement network to demonstrate settlement across digital assets, regulated stablecoins and tokenised deposits.
The test also covered round-the-clock settlement, automated ledger reconciliation and the option to settle or redeem stablecoin obligations individually or in batches.
Partior CEO Humphrey Valenbreder said,
“We are excited to partner with OpenAssets to demonstrate a truly scalable path for stablecoins and tokenised deposits interoperability across global banks and markets.
This successful collaboration reflects our broader commitment to connecting a diverse ecosystem of financial market infrastructures, building an interoperable network that lowers barriers to entry and optimises liquidity efficiency across multiple settlement banks.”
OpenAssets CEO Gabor Gurbacs said,
“Institutions have needed a way to settle tokenised assets against cash without leaving the infrastructure they already rely on.
With Partior, we’ve shown how that can work: settling digital assets, stablecoins, and tokenised deposits together on existing infrastructure.”
Featured image: Edited by Fintech News Singapore, based on image by vecstock via Magnific
