Live on Testnet

AssetNet

Multilateral netting for tokenized financial assets with atomic DVP compression. 100,000+ DVP obligations ingested across 5 tokenized asset corridors with 10 institutional participants — treasuries, bonds, money market funds, and repos.

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Testnet Metrics

Live DVP netting

100,000+
DVP obligations ingested
790+
netting windows completed
5
tokenized asset corridors
3,500+
on-chain settlements executed

Netting for tokenized capital markets

Tokenized securities settle bilaterally and gross — every trade is a separate delivery-versus-payment instruction. The global repo market alone processes $350 billion per day with zero multilateral netting. AssetNet compresses DVP obligations across counterparties while preserving atomic delivery guarantees.

5 tokenized asset corridors on testnet

BUIDL
BlackRock — USD Institutional Digital Liquidity Fund
OUSG
Ondo Finance — Short-Term US Government Treasuries
BENJI
Franklin Templeton — OnChain US Government Money Fund
USYC
Hashnote — US Yield Coin (short-duration T-bills)
bIB01
Backed Finance — Tokenized iShares Treasury Bond 0-1yr ETF

FiatRails has no commercial relationship with any tokenized asset issuer; corridor coverage is technical rather than partnership-based. Asset names and issuers are referenced as publicly identifiable instruments.

What AssetNet delivers

01

DVP-aware multilateral netting

Multilateral netting that understands paired delivery-versus-payment legs. Cash and asset legs are compressed together, maintaining atomic settlement guarantees across all netted positions.

02

Cross-asset correlation offset

Obligations in correlated assets are offset against each other. A treasury position can partially offset a bond position where correlation thresholds are met, reducing net settlement obligations further.

03

Securities lifecycle awareness

Obligation generation respects the full securities lifecycle — corporate actions, coupon payments, maturity events, and redemptions are factored into netting window calculations.

04

Cross-custodian netting

Netting across multiple custodians holding the same asset class. Participants using different custody providers can still benefit from multilateral compression of their DVP obligations.

05

Blockchain finality-gated settlement

Settlement execution is gated on confirmed blockchain finality of both cash and asset legs. No settlement instruction is dispatched until both sides have achieved irreversible on-chain confirmation.

06

Full compliance gate

KYB Tier 3 verification, sanctions screening, and per-corridor permissions enforced for all participants before any obligations are accepted into the netting engine.

$350B/day

Global repo market daily volume — currently settled bilaterally with zero multilateral netting. Tokenized treasuries, bonds, and money market funds are growing rapidly with no netting infrastructure in place.

Built for the institutional DVP ecosystem

AssetNet is designed for the firms whose obligations make up the tokenized asset settlement chain. The testnet supports the full participant taxonomy with KYB Tier 3 verification, sanctions screening, and per-corridor permissioning.

Custodians & CCPs

Institutional digital asset custodians and central counterparties settling tokenized securities on behalf of clients.

  • Digital asset custody platforms
  • Central counterparty clearing houses
  • Tri-party agents

Buy-Side & Sell-Side Firms

Market makers, broker-dealers, and asset managers trading tokenized instruments who benefit from multilateral DVP compression across counterparties.

  • Market makers and principal trading firms
  • Broker-dealer digital asset desks
  • Institutional asset managers

Oracle-determined FX rates

All Settlement Computer products use FX rate feeds from AFXO — an institutional-grade FX oracle delivering deterministic rate feeds across global currency pairs. Cross-currency DVP obligations are priced at the oracle rate at netting window close.

Patent protected

PROV-006
64/044,001
Tokenized Asset Netting — 106 claims, 26 invention families
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