Privacy, settlement and liquidity research for institutional finance

Money clears the border. Trust gets detained.

A payment crosses a network and a jurisdiction in seconds, but the controls that made it trustworthy stay behind. Drawing on BIS Projects Mandala and Tamga, a proposal for when a verified proof should count as examination evidence.

By Dr Ksenia Shnyra · Lewis Tuff

Unlocking trapped liquidity via digital assets

Liquidity buffers are sized for operational friction as much as for real economic risk. In a stylized global bank, governed digital rails release USD 5.2bn of a USD 17.0bn buffer without touching the underlying risk.

By Dr Ksenia Shnyra · Chris Watts · Steven Czarnota · Lewis Tuff

In partnership with Tonic