Product Focus
Delivery versus Delivery (DvD) Transfers
DvD transfers allow the execution of trading security tokens with stablecoins, on a peer-to-peer basis between counterparties.
Product Focus
DvD transfers allow the execution of trading security tokens with stablecoins, on a peer-to-peer basis between counterparties.
This content is taken from the monthly Product Focus newsletter in July 2021.
This month we take a look at the introduction of DvD (Delivery versus Delivery) transfers in our service offering.
As you know from our previous communications, the ERC3643 standard and our platforms already support simple transfers and conditional transfers. They allow an investor:
We are now introducing and rolling out a DvD transfer functionality – secured by a specific blockchain smart contract – allowing an investor to transfer a position of an ERC3643-compatible token against a position in any ERC20-compatible token.
The sequence for performing a DvD transfer is as follows:
Although this functionality could be used in other contexts, DvD transfers have primarily been designed to allow the execution of trades agreed on a peer-to-peer basis between counterparties where a quantity of T-REX compatible security token is exchanged against a quantity of “cash token”, “stablecoin”, “settlement coin” or equivalent.
Providing the DvD transfer functionality to investors enables the transferability of assets, increasing liquidity.
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Our experts with decades of experience across capital markets will help you to digitize assets on the decentralized infrastructure.
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