Launched in January, the project will use the Canton Networks privacy capabilities to create an on-chain collateral and margin management solution for bilateral derivatives
He will work closely with the firms trading, risk, operations, technology and client service teams and will also be overseeing margin, collateral and settlement processes
Alongside J.P. Morgan and HQLAX, the Commonwealth Bank of Australia and Reserve Bank of Australia will research domestic wholesale tokenised asset markets in new project
This achievement positions Cecabank as the first Spanish agent lender, the firm says, providing domestic institutions with a local, specialised alternative