Harnessing the potential of distributed ledger technology, Cobalt delivers a private peer-to-peer network that significantly reduces post-trade cost and risk for financial market participants.
Legacy infrastructure is duplicative, inefficient and unfit for today’s market. A single trade creates multiple records for all parties. Cobalt’s technology leverages blockchain-derived concepts of encryption, digital signatures and consensus to deliver a single, immutable record for each trade. By creating a shared view of trade data, Cobalt frees up back and middle office resources from multiple layers of reconciliation.
Cobalt BlueSky is the shared ledger component of Cobalt’s offering. It is the repository of unique and reconciled FX contracts; notarized, encrypted and securely stored on behalf of ledger members. It manages life-cycle events, risk reduction and prepares trades for settlement finality. Members can approve BlueSky access for approved third party specialists to provide other post trade services.
With no legacy infrastructure to protect, Cobalt is taking a fresh approach to post-trade technology. This is the future of financial services infrastructure: signed, sealed, delivered.