Delta Capita and digital financial markets infrastructure Montis have expanded their commercial partnership to cover four new market infrastructure use cases.
Following the 2023 launch of Montis’ Central Securities Depositary (CSD) system, built on Delta Capita’s MACH Distributed Ledger Technology (DLT) platform, the partnership will now cover settlement optimisation in Eurosystem markets, European listed warrants, delivery versus payment using deposit tokens and delivery versus payment using wholesale CBDCs.
Montis, a subsidiary of digital securities exchange, broker and custodian Archax, is expected to receive full regulatory authorisation in early 2024. Its CSD will be blockchain-agnostic, initially supporting Ethereum, Algorand and Hedera.
Steve Vinnicombe, head of MACH at Delta Capita, says: “It is clear that the market has an increased appetite for technology that can help to unlock the cost reduction, liquidity and revenue generating benefits of natively digital and tokenised assets. We are excited to partner with Montis to exploit these opportunities across regulated markets.”
Martin Watkins, CEO at Montis, adds: “We have identified potential cost savings in excess of 40 per cent for participants that can be achieved through our partnership.”
