Baton Systems
Baton Systems provides advanced post-trade processing solutions using distributed ledger technology to facilitate the efficient movement of assets for major financial institutions, handling settlements worth over $8.1 trillion.
Services
Baton Systems offers a suite of solutions for post-trade processing utilizing distributed ledger technology (DLT). Among its services are Core-FX, Core-Liquidity, Core-Payments, and Core-Collateral. These services assist financial institutions in managing liquidity, payments, and collateral more efficiently. The platform facilitates real-time, on-demand asset transfer and settlement services, ensuring seamless integration with existing financial infrastructure.
Products
Baton Systems' product line includes Core-FX, Core-Liquidity, Core-Payments, and Core-Collateral. Core-FX is geared towards optimizing foreign exchange settlements; Core-Liquidity helps with liquidity management; Core-Payments focuses on streamlining payment processes, while Core-Collateral facilitates more efficient collateral management. These products collectively enable large financial institutions to move billions of dollars in cash and securities daily.
Technology
Baton Systems operates using a rules-based distributed ledger technology (DLT) that is both interoperable and compatible with existing financial infrastructures. This technology enables the platform to process large volumes of transactions with enhanced efficiency and reduced risk. By implementing DLT, Baton Systems ensures secure and accurate transaction settlements, supporting the overall robustness of financial operations.
Industry Collaborations
Baton Systems has formed partnerships with major financial institutions like J.P. Morgan and HSBC. These collaborations aim to enhance collateral management and foreign exchange (FX) settlements. Through these partnerships, Baton Systems leverages its distributed ledger technology to offer optimized and seamless settlement processes, aligning with the needs of the modern financial sector.
Market Impact
Baton Systems has made significant contributions to the financial sector, facilitating settlements exceeding $8.1 trillion in value. The platform's capability to handle high-value transactions daily for large financial institutions underscores its importance. Additionally, Baton Systems' innovative approach has been recognized by the industry, winning multiple awards, including 'Best FX Settlement Innovation' at the Euromoney Foreign Exchange Awards 2023.