Tata Consultancy Services (TCS) has launched Quartz for markets to help market infrastructure institutions (MIIs) offer services around tokenised securities and drive future growth.
The new solution is aimed at MIIs such as exchanges, depositories, central banks, payment institutions, private banks, custodians and issuers.
Quartz for markets helps MIIs leverage blockchain technology to offer next-generation services around tokenized securities, including know-your-customer/anti-money laundering, token issuance, order management, matching, atomic settlement, crypto custody, digital asset servicing, general meeting services and trade surveillance.
Investors can settle in fiat currencies, cryptocurrencies, stable coins and digital currencies.
The solution works with public and private blockchain platforms and supports multiple token standards such as ERC R3 Token SDKs.
“Tokenisation democratises access to assets by turning material as well as digital assets into tokens that can be traded at a fraction of the current cost. This represents an opportunity for MIIs to launch innovative new services around tokenised assets, attract new classes of investors and drive growth,” says R Vivekanand, global head of Quartz at TCS.
Vivekanand adds: “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.”
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