Quartz™ for markets
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Quartz™ - The Smart Ledgers™
Quartz™: Creating collaborative ecosystems using resilient technology
Highlights
When high-net-worth individuals want to buy or sell expensive artwork or premium property in downtown New York or London, it’s their wealth managers and investment managers who are responsible for making it happen.
In this article
Challenge
- Tokenization of real-world assets now offers an alluring opportunity to the global investor community Innovation powered by blockchain has opened up new marketplaces for tokenized asset classes, including newer types of illiquid and exotic assets.
- And tokenized assets are not just for high-net-worth individuals. Tokenization democratizes the access of assets to mass market investors, enabling people to make fractional, small-value investments into high-value assets.
- To meet market demand, the entire wealth management industry will need to build capabilities to trade tokenized assets of all kinds. This poses a challenge not only for asset managers, but also for the market infrastructure institutions (MIIs) supporting them and their clients throughout the value chain.
- Tokenization will change market structure given its inherent potential for trading across jurisdictions with instant settlement. In response, MIIs are exploring a hybrid market model for the end-to-end life cycle of digitized assets, operating under the precision and robustness associated with the traditional system.
Solution
- Quartz™ for Markets offers end-to-end next generation services around tokenized securities to drive future growth for MIIs including exchanges, depositories, central banks, payment infrastructures, private banks, custodians, and issuers. Quartz for Markets builds on TCS’ position as the largest independent software provider to MIIs, with its proven TCS BaNCS for Market Infrastructure and Custody solutions powering the operations of over 50 market-critical institutions across 66 countries.
- With Quartz for Markets, MIIs will be able to conduct any or all of the following marketplace activities:
- Convert real-world assets into digital tokens and market them to the world
- Invest in tokenized asset-backed digital tokens for real estate, gold, and art, alongside purely digital assets such as non-fungible tokens (NFTs) and loyalty points
- Manage the full lifecycle of asset-backed digital tokens, including token issuance custody
- Conduct secondary market trading activities through order management, matching, atomic settlement, and surveillance
- Service digital assets with eVoting and general meeting services
- Comply fully with relevant KYC/AML regulations
- Settle with flexibility and liquidity using the customer’s choice of fiat currencies, cryptocurrencies, stablecoins, and digital currencies
- Interoperate with market infrastructure for equity, fixed income, warrants, and other traditional financial instruments
Benefits
- The solution is being implemented for leading Market Infrastructure and Capital Markets firms across the globe, including :
- Support for bond issuance using DLT for one of the largest depositories in India
- Integrated crypto custody and transaction processing for a private bank and financial services firm in Switzerland
- Rewards marketplace, mobile ordering and payment platform for UK-based Zapaygo
- Pay-by-Proxy functionality for Bankserv Africa, a leading payment infrastructure provider in South Africa
- Market surveillance across multiple asset classes for a leading exchange and a central bank in the Asia-Pacific region
- The portfolio of solutions supports the full lifecycle of tokenized securities across asset classes, fully integrated and interoperable with traditional market infrastructure.
- Quartz for Markets powers the creation of a decentralized ecosystem that helps foster trust, provides a single source of truth for different stakeholders, and enables real-time processing in order to address diverse market needs
- Quartz for Markets works with public as well as private blockchain platforms and supports multiple token standards such as ERC and R3 Token SDKs. In addition, the solution includes an intuitive, low code development kit to enable MIIs to meet their future needs by extending the capabilities of Quartz for Markets.
Quartz for Markets is a robust, secure and future proof solution that can support the end-to-end transaction life cycle and instant settlement for a wide range of tokenized assets, including NFTs, which are gaining in popularity and value. We have leveraged our contextual knowledge and extensive industry experience in capital markets to design a solution that seamlessly serves the needs of a broad spectrum of market players and accelerates their growth and transformation journeys.
