Скачать или смотреть FINOS CDM Demo: Tokenized Settlement and Repo Automation | Stephen Ashworth, Tokenovate

FINOS Project Demo Sessions: Common Domain Model (CDM) - Automating Repos - Tokenovate

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In this live, working demonstration, Stephen Ashworth (CEO & Co-Founder, Tokenovate) shows how the FINOS Common Domain Model (CDM) is used to automate the entire post-trade lifecycle for a Repo transaction, culminating in Tokenized Settlement without creating permanent digital securities that run afoul of legal and risk teams.

🌐 CDM and Automation
Tokenovate, a deep FinTech company, uses the rich, structured data of the CDM to automate post-trade workflows for securities financing (governed by GMRAs and GMSLAs). The CDM's state-based model allows the system to manage legal and economic rights through the trade lifecycle. The entire demonstration highlights how the CDM provides the standard data that drives this automation, as Tom Healey showed in the previous talk.

🛡️ The 'Mint, Settle, Burn' Bridge
Stephen addresses the primary challenge in institutional digital asset adoption: legal and risk teams rejecting tokens due to non-standard regulatory frameworks. The solution is Tokenized Settlement, which uses a Digital Twin created solely for the purpose of settlement, not as a permanent security.

This process enables the benefits of tokenization (atomic settlement on-chain) while respecting off-chain processes:

Immobilize: Assets are checked and put on hold at the CSD/Bank.

Mint: A temporary token (Digital Twin) representing the asset is created on-chain.

Settle: Atomic settlement occurs instantly on the blockchain.

Burn & Update: The token is destroyed, and the CSD/Bank books are updated to reflect asset movement.

🎬 Live Demo: Intraday Repo Trade
The demonstration involves an intraday Repo trade between two hypothetical hedge funds. Stephen showcases:

Asset Creation: Creating a new bond and depositing it into the CSD.

Trade Execution: The trading instruction creates a CDM object within the Tokenovate platform.

Blockchain Recording: The workflow records every step as a Merkle root on a public blockchain, creating an immutable, high-fidelity audit trail ("Truth Machine") without exposing sensitive data.

Workflow Resilience: The system is shown to handle the "unhappy path," stopping the workflow and sending a notification if there are insufficient assets.

The takeaway: Tokenovate demonstrates a critical stepping stone for institutional blockchain adoption: using the FINOS Common Domain Model (CDM) to standardize trade data and drive a 'Mint, Settle, Burn' tokenized settlement workflow. This approach delivers the efficiency of atomic on-chain settlement for Repo trades while bypassing the legal and regulatory hurdles associated with holding permanent digital assets.

#FINOS #OSFFNewYork #CDM #Tokenovate #TokenizedSettlement #RepoMarket #DLT #Blockchain #GMRA #PostTradeAutomation #DigitalTwin #CapitalMarkets

About FINOS

FINOS (The Fintech Open Source Foundation) is a nonprofit whose mission is to foster the adoption of open source, open standards, and collaborative software development practices in financial services. It is the center for open source developers and the financial services industry to build new technology projects that have a lasting impact on business operations. As a regulatory compliant platform, the foundation enables developers from these competing organizations to collaborate on projects with a strong propensity for mutualization. It has enabled codebase contributions from both the buy- and sell-side firms and counts over 50 major financial institutions, fintechs and technology consultancies as part of its membership. FINOS is also part of the Linux Foundation, the largest shared technology organization in the world. Get involved and join FINOS as a Member.