One-Stop-Shop Tokenization

Client Overview

The client is a startup which provides an inter-ledger solution to enable the distinction between payment providers and digital wallets/mobile money services across Europe and Africa.

The company enables payment providers, digital wallets and mobile money services to set-up pay-on-demand channels for streaming payments without the need of establishing or maintaining corresponding relationships in form of nostro/vostro accounting.

Business Challenge

• An inefficient traditional money exchange system
• Payment transfer had to be routed through a series of trade counterpart
• High complexity due to multiple interdependencies
• Fragmented system of silo-ed network
• Patchwork of centralized network
• Transactions relay information through a network of correspondents
• Lack of interoperability
• Expensive private remittance channels
• Disparate technologies, systems of record, messaging and rules
• Slow processing that took 4 to 7 days
• High processing cost
• Regulatory burdens
• Time consuming reporting processes
• Lack of data quality/ non-access to data

Solution Highlights

The client wanted to sign-up with Gateway Digital’s Product Engineering services to build a DLT platform. They wanted to offer a B2B infrastructure & Blockchain Network to reduce and/or remove interdependencies. The solution will be the back-bone of the Network DLT & ILP Connectors supporting decentralized, seamless and faster of cross-border payments.

• Developed a platform for trade transactions of different assets without intermediaries
• Designed for interoperability through multiple banking systems
• Inter-ledger protocols connectors
• Integrate connectors with bank’s DLT platform
• Separate UI for each user to perform operations based on the roles:
  o Bank Customer (Corporate/ Investors)
  o Issuer/ Banker Services
  o Admin
• Dashboard/Home: Trade Orders Summary and other facts & figures
• Trade Dashboard: allows tracking and tracing of tokenization lifecycle
• Documents Management: allows to manage and access trade order wise commercial papers like maturity, yield, risk-level, total outstanding amount, etc.
• Communication Tools: built-in chat for Q&A
• Dashboard & Reports Management
• Alerts & Notifications

Benefits

• Greater transparency and easier audit
• Gains in speed and efficiency
• Cheapest money transfers
• Sourcing On-demand liquidity
• Technology definition
• New payment corridors for investors