🚀 We are thrilled to announce the release of our latest paper in collaboration with the ERC3643 Association !

According to the Financial Markets Standards Board (FMSB), 38% of operational resources in uncleared OTC derivatives are consumed by manual processes, with 45% of margin calls disputed. These inefficiencies create substantial costs for market participants.

This project explored whether combining ERC-3643 compliant security tokens with smart derivative contracts could help address these systemic challenges while maintaining full regulatory compliance.

Key highlights:

🔹 Automated trade lifecycle from identity verification through settlement

🔹 Reduced dispute rates through deterministic smart contract execution

🔹 Real-time mark-to-market calculations and automated margining

The report discusses two working proof-of-concept implementations:

1️⃣ USDC Yield Index Cash-Settled Forward – using Chainlink CDY USDC Index

2️⃣ EUR/USD Forward with Physical Delivery – using Frictionless Markets' institutional deposit tokens

This research was led by QualitaX and developed in collaboration with Tokeny, an Apex Group company, Frictionless Markets, CMS, Zama, Ava Labs, and Chainlink Labs. 

👉 Download and read the full report here:

Download Report