Blockchain-based Canton Network Connects to Nasdaq Calypso

Nasdaq has connected blockchain-based technology, the Canton Network, to its Calypso platform, facilitating end-to-end margin and collateral workflows. The move was developed in partnership with QCP, Primrose Capital Management and Digital Asset in a bid to highlight how “integration of on-chain capabilities alongside existing institutional workflows enhances collateral mobility across all asset classes for institutional market participants”. Through the partnership Nasdaq Calypso will also expand its capabilities to support automated 24/7 margin and collateral management across assets. These include crypto derivatives, fixed income, exchange-traded derivatives, and OTC derivatives. Nasdaq Calypso allows financial institutions to manage risk, margin, and collateral needs in an integrated environment. Users of Calypso include banks, insurers, and other global financial institutions looking to process front-to-back office treasury workflows, manage risk, and meet regulatory reporting obligations.  This partnership makes the case for leveraging blockchain-based technology for collateral management in order to help financial institutions meet the demands for real-time capital efficiency, according to the firms.