Design Phase

AssetNet

Tokenized financial asset netting with atomic delivery-versus-payment compression. Multilateral netting of tokenized securities with paired DVP legs — treasuries, bonds, equities, repos, and money market funds.

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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 applies the Settlement Computer's netting engine to tokenized financial assets, compressing DVP obligations across counterparties while preserving atomic delivery guarantees.

What AssetNet will deliver

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

Privacy-preserving DVP

Pedersen commitments and Bulletproofs extended to DVP obligations. Counterparties see only their own positions. Netting is computed homomorphically on encrypted values without revealing individual trades.

Addressable Market
$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.

Supported instrument types

Fixed income

Tokenized treasuries, government bonds, corporate bonds, and money market fund shares. DVP netting across issuers with maturity-aware bucketing.

  • Tokenized U.S. Treasuries
  • Government and corporate bonds
  • Money market fund shares
  • Repo and reverse repo

Equities and derivatives

Tokenized equity settlement with cross-asset offset against fixed income positions where correlation thresholds are met.

  • Tokenized equities
  • Securities lending obligations
  • Cross-asset correlation offset
  • Corporate action sequencing

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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