PerpSwap - Institutional OTC Derivatives Infrastructure

PROBLEM

The trade is simple. What happens after isn’t.

→ Margin gets calculated on one platform

→ Reconciled in another

→ Instructed to custodian by hand on another

(T+1)–(T+5)

days to settle a single swap

systems, minimum, before money moves

atomicity — calculation and settlement never happen in one transaction

PerpSwap re-engineers how institutions execute OTC derivatives by bringing on-chain Single-Netting Settlement to Total Return Swaps — consolidating historically fragmented funding and performance legs into one atomic, privacy-preserving transaction on Canton Network.

Why Choose PerpSwap?

PerpSwap is infrastructure where counterparty intent settles on-chain. Some desks need to offload funding leg exposure. Others require structured total return access. PerpSwap nets these positions atomically on Canton — where collateral efficiency becomes the measure of institutional advantage.

Eliminate Collateral Drag

Single-Netting Settlement calculates payouts on the net delta — not gross position size — slashing operational capital charges by 60–70% versus traditional T+2/T+5 bilateral settlement.

Eliminate Collateral Drag

Single-Netting Settlement calculates payouts on the net delta — not gross position size — slashing operational capital charges by 60–70% versus traditional T+2/T+5 bilateral settlement.

Institutional-Grade Privacy

Canton Network's sub-transaction privacy ensures trade economics are visible only to contract signatories and authorized regulators — eliminating front-running and market impact risk.

Institutional-Grade Privacy

Canton Network's sub-transaction privacy ensures trade economics are visible only to contract signatories and authorized regulators — eliminating front-running and market impact risk.

Multi-Asset Coverage

Supports Equities (US NMS), Commodities (Gold/WTI), and Fixed Income (US Treasuries and Corporate debt) with programmatic coupon accrual logic — one protocol across your entire derivatives book.

Multi-Asset Coverage

Supports Equities (US NMS), Commodities (Gold/WTI), and Fixed Income (US Treasuries and Corporate debt) with programmatic coupon accrual logic — one protocol across your entire derivatives book.

Regulatory Alignment

Built to Basel III Endgame, ISDA SIMM v2.8, CFTC Reg 23.154, and SEC Rule 15c3-3. Dynamic Haircut Engine adjusts collateral requirements in real time against live VIX and bid-ask spread data.

Regulatory Alignment

Built to Basel III Endgame, ISDA SIMM v2.8, CFTC Reg 23.154, and SEC Rule 15c3-3. Dynamic Haircut Engine adjusts collateral requirements in real time against live VIX and bid-ask spread data.

Regulatory Alignment

Built to Basel III Endgame, ISDA SIMM v2.8, CFTC Reg 23.154, and SEC Rule 15c3-3. Dynamic Haircut Engine adjusts collateral requirements in real time against live VIX and bid-ask spread data.

How It Works

Three steps from permissioned onboarding to atomic T+0 settlement.

PRODUCT

Built on Canton — visible only to the two parties who need to see it

Party A

Pays into the obligation based on agreed reference terms.

Single-Netting Settlement

Party B

Receives based on the performance of the underlying tokenized asset.

Independent custodians hold and move collateral throughout. PerpSwap never takes custody — it settles the instruction, not the asset.

FAQs

Common questions from institutional counterparties, trading desks, and compliance teams.

How does Single-Netting Settlement reduce my capital charges?

Which asset classes are supported and what are the haircut rates?

How does Canton Network maintain trade confidentiality?

How does the Dynamic Haircut Engine respond to VIX spikes?

What happens when a Circuit Breaker is triggered mid-period?

Which settlement rails are supported?

How does this align with ISDA SIMM v2.8 and Basel III Endgame?

What does the Alpha Circle Pilot involve and how do we join?

Perpswap Finance

Perpswap Finance

Perpswap Finance

One Trade In —> One Settlement Out.

One Trade In —>
One Settlement Out.

The trade is simple. What happens after isn’t.

PerpSwap re-engineers how institutions execute OTC derivatives by bringing on-chain Single-Netting Settlement to Total Return Swaps — consolidating historically fragmented funding and performance legs into one atomic, privacy-preserving transaction on Canton Network.

PerpSwap re-engineers how institutions execute OTC derivatives by bringing on-chain Single-Netting Settlement to Total Return Swaps — consolidating historically fragmented funding and performance legs into one atomic, privacy-preserving transaction on Canton Network.

PerpSwap re-engineers how institutions execute OTC derivatives by bringing on-chain Single-Netting Settlement to Total Return Swaps — consolidating historically fragmented funding and performance legs into one atomic, privacy-preserving transaction on Canton Network.

Why Choose PerpSwap?

How It Works

How It Works

Built on Canton — visible only to the two parties who need to see it

Party A

Party B

Party B

FAQs

FAQs