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Delta Capita unveils DLT venture with Montis as anchor client

Source: agora Digital Capital Markets

agora Digital Capital Markets (“agora”), the creator of the preissuance workflow collaboration tool - agoraPlatform, and Montis Group (“Montis”), a pioneer in Central Security Depository (CSD) utilities for digital securities, have agreed a strategic partnership to create an end-to-end platform for conventional and digital securities in the highly regulated fixed income markets.

agora and Montis are pleased to announce that agoraPlatform will interoperate with the Montis DLT-based applicant CSD which is targeting authorisation and operational Go-Live for Q4, 2023. This will create a solution that is relevant for the streamlined interaction from originating, issuing, recording, holding, through to settling conventional, non-native, and natively digital securities tokens.

agora’s pre-trade workflow tool in the syndicated bond markets enables issuers and banks to remove friction from the origination stage of the issuance process. This allows participants to communicate more seamlessly, handle documentation in a digitally native way thereby limiting the need for manual intervention, reducing operational risk, and diminishing data reconciliation errors.

The Montis core CSD services for debt and equity products, incorporates an innovative private blockchain, Archax Exchange and SWIFT connectivity, access to central bank money settlement, interoperability, and cross-chaining between external permissioned blockchains and integration with market participants across multiple financial market ecosystems.

Combining the pre-trade capabilities of agora with the Montis post-trade digital infrastructure represents a significant milestone in driving financial innovation and technological advancements in conventional and digital securities within institutional capital markets. By combining their expertise and cutting-edge solutions, the two companies are poised to shape
the future of digital securities and transform the financial landscape by creating a truly end to end environment for both conventional and digital securities.

"We are excited to collaborate with Montis Group, combining our unique capabilities to create a market evolution for all in a truly end-to-end platform," said Charlie Berman CEO of agora Digital Capital Markets. "By leveraging distributed ledger technology and smart contracts, and collaboration with other market participants, we will pave the way for a seamless integration of conventional and digital assets in a correctly regulated manner."

Martin Watkins, CEO of Montis Digital added, "The tokenisation of digital securities is at an inflection point as financial institutions respond to meet rapidly growing demand and regulators and legislators adapt to the phenomenon of digital finance. Our partnership with agora exemplifies our commitment to deliver the market infrastructure required for digital securities to fulfil their true potential, in a scalable manner. Together, we will drive innovation and support the growth of digitisation and DLT adoption across capital markets." 

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