Private placement securities solution
Challenge
- Margin under pressure due to heavy administration costs associated with private placements operations
- Held on paper, lack of standardization, archaic and outdated system
- Investor access difficulties and inefficiencies causing significant delays
Solution
- Digital Vault will give investors real-time access to records of securities bought on private markets
- Implemented on R3’s Corda, it allows creation of a seamless workflow throughout the entire lifecycle of private placements from months to days
Why Corda?
- Chosen for being the most suitable DLT platform due to asset agnostic, scalability, privacy, and ease of auditing
Results
- $20B valued assets during launch
- Cutting down administration costs and delays from issuance to participation
- $7.7T target market
- HSBC became the first bank in the world to offer tokenized gold, held in the bank’s London vault.
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