Institutional OTC derivative Infra
Institutional OTC derivative Infra
Institutional OTC derivative Infra
Rebuilt on Canton
Single-Netting Settlement for TRS desks : 60–70% collateral drag reduction with T+0 finality on Canton.
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?
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
How It Works
Three steps from permissioned onboarding to atomic T+0 settlement.
Three steps from permissioned onboarding to atomic T+0 settlement.
Canton Node Onboarding
Both counterparties deploy participant nodes on Canton Network with permissioned access — establishing a privacy-preserving foundation where trade data remains visible only to signatories.
Canton Node Onboarding
Both counterparties deploy participant nodes on Canton Network with permissioned access — establishing a privacy-preserving foundation where trade data remains visible only to signatories.
Canton Node Onboarding
Both counterparties deploy participant nodes on Canton Network with permissioned access — establishing a privacy-preserving foundation where trade data remains visible only to signatories.
TRS Execution On-Chain
Funding leg and performance leg are encoded as Daml smart contracts. The Dynamic Haircut Engine applies real-time VIX-adjusted collateral calculations before execution is confirmed.
TRS Execution On-Chain
Funding leg and performance leg are encoded as Daml smart contracts. The Dynamic Haircut Engine applies real-time VIX-adjusted collateral calculations before execution is confirmed.
TRS Execution On-Chain
Funding leg and performance leg are encoded as Daml smart contracts. The Dynamic Haircut Engine applies real-time VIX-adjusted collateral calculations before execution is confirmed.
Atomic DvP Settlement
The protocol calculates the net delta between legs and settles in a single atomic DvP transaction — eliminating gross bilateral exposure and delivering T+0 finality.
Atomic DvP Settlement
The protocol calculates the net delta between legs and settles in a single atomic DvP transaction — eliminating gross bilateral exposure and delivering T+0 finality.
FAQs
FAQs
Common questions from institutional counterparties, trading desks, and compliance teams.
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?