Interbank clearing with tokenised money market fund

Target tokenised money market fund shares to settle cross-border payments and foreign exchange

Instant

Transactions are settled on execution

Atomic

Foreign exchange is processed on a payment versus payment basis

24/7

Trades can be processed continuously

Secure and confidential

Processing is encrypted and private

Efficiency

Use of high-grade instrument and settlement provisions to produce significant regulatory capital savings

Integration

Connected to existing front-end and other enterprise systems

ECB: “The holy grail of cross-border payments is a solution allowing cross-border payments to be immediate, cheap, universal, and settled in a secure settlement medium. The search for such a solution is as old as international commerce and the implied need to pay.”

Wire Coin proposes a new architecture to address many of the long-standing deficiencies in international payments on the basis of outright exchanges of principal between residents and non-residents.

The Wire Coin team offers unique insights through long-dated experiences in working on central bank digital currency (CBDC) projects and developing and delivering efficient blockchain-based corporate solutions.

Accelerating International Payments Through Tokenization

Wire Coin is a groundbreaking solution aimed at revolutionizing international payments by leveraging high-grade payment instruments in peer-to-peer instant transactions. By tokenizing sable-NAV money market fund shares, this innovative approach ensures rapid, 24/7 trading with reduced risks and improved liquidity.

Tokenization of Money Market Fund Shares: Wire Coin's solution relies on converting money market fund shares into payment instruments, making them ideal for large value international payments and foreign exchange trading.

Enhanced Risk Mitigation: By utilizing advanced technology, Wire Coin effectively addresses credit and settlement risks, significantly reducing potential pitfalls in transactions.

The Safety of Money Market Fund Shares: Money market fund shares are secure private monetary liabilities, akin to "cash equivalents," making them a reliable payment medium that mitigates credit and liquidity risks.

Building on Past Endeavors: Wire Coin builds upon earlier attempts like Bankers Trust Global Settlement System (Globeset) to streamline international payments using mutual fund arrangements.

Transaction flows

Our Expert Team

Smart-Chain is a web3 consulting firm comprising over 40 talented individuals dedicated to crafting useful and high-performing solutions that meet your business needs.

We are independent and combine expertise, agility, and delivery quality.

Dr. Ousmène Jacques Mandeng, is Director of strategy consulting boutique Economics Advisory Ltd. He has been a Senior Advisor to Accenture since 2018 on blockchain-based financial applications with a focus on central bank digital currency (CBDC) where is co-leading Accenture’s CBDC campaign globally.

Prior, Ousmène worked more than 20 years and had senior positions in financial markets including as Managing Director with Prudential Financial and UBS and at the International Monetary Fund. He has commented regularly on the impact of digital money and the international monetary system and maintains an international monetary affairs blog at www.economicsadvisory.com. He is a Visiting Fellow of the London School of Economics and Political Science, a Member of the Bretton Woods Committee, an Accenture Luminary. He holds a PhD from the LSE.

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