Financial services

As one of the most well-known use cases, blockchain within the financial services industry presents numerous positive implications. At CoreLedger, we are committed to making innovative tools like Non-Fungible Assets (NFAs) and TokenWARP® accessible and actionable for our clients.
financial

How CoreLedger’s Technology
Revolutionizes Financial Services

The Origin of Blockchain in Finance

Blockchain technology first gained widespread recognition during a period of financial instability with the advent of Bitcoin. Designed to provide stable value in a world of volatile fiat currencies, Bitcoin laid the foundation for a wave of innovative business models using blockchain. Although the merit of cryptocurrency over fiat money is widely debated, blockchain technology had an undeniable impact on the future of financial models.

Regulatory Compliance and TEOS

As regulatory constraints have tightened, procedures and protocols like KYC (Know Your Customer) and AML (Anti-Money Laundering) have become essential. With these requirements in mind, CoreLedger’s Token Economy Operating System (TEOS) offers comprehensive documentation and governance capabilities to ensure compliance without a single line of code

Hybrid Financial Models and DeFi

Initially, the financial services models using blockchain technology took a hybrid approach that combined traditional money with tokens or cryptocurrencies. The introduction of stablecoins, or currency-pegged tokens, paved the way for fully on-chain decentralized finance (DeFi) models. In DeFi transactions, tokens are seamlessly exchanged between buyers and sellers, eliminating counterparty risk. This is possible due to simultaneous transfers called atomic transactions, which are interconnected and indivisible. TEOS supports atomic transactions for any token created on the platform, either immediately or later on without coding or token re-issuance.

Governance and Control

TEOS’s governance feature allows issuers to set custom restrictions, maintaining oversight and control while blending elements of traditional finance with DeFi. This is an essential capability for financial services companies to ensure full regulatory compliance.

Innovative Tools for Financial Services

CoreLedger offers several groundbreaking tools for the financial services industry, including:

Non-Fungible-Assets
NFAs streamline workflows for financial services companies by offering unique, non-fungible digital representations of assets.

TokenWARP®
TokenWARP® simplifies management processes by requiring only a few trade pairs per asset, connecting them with atomic sequences. This alleviates the burden of managing trade pairs for hundreds of thousands of assets. Meanwhile, TokenWARP® enables new settlement and trade methods, such as bartering or using industrial metals to store value in a similar manner to gold.

Benefits of CoreLedger’s Technology

Robust Documentation

With stringent documentation requirements like those under the travel rule, the financial services industry requires meticulous organization. TEOS’s documentation feature creates unique, tamper-proof artifacts on the blockchain with timestamps, authorship, and artifact fingerprints (file hashes). These artifacts can be updated with additional history, creating “living” documents on the blockchain that can link to both secret and public information.

Flexibility and Future-Proofing

At the beginning of an asset’s lifecycle, advanced features may not be necessary. Despite this, business requirements and regulatory mandates are constantly evolving. As a result, flexibility is essential. With TEOS, issuers can add features down the road without the need to retire and re-issue the asset.

Case studies

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Revolutionizing School Management with Blockchain Technology

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AROMO Coffee’s Journey to Transparency with CoreLedger

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Enhancing Banking Auditability and Security with CoreLedger