Imperium uses simulation in quest to bring key money markets to the blockchain
Imperium Markets will launch a major research project into digitalising the $3 trillion wholesale bond and deposit market and running it on blockchain.
Financial markets platform Imperium will build on the Reserve Bank’s digital currency pilots to simulate debt market transactions on blockchain with a view to eventually digitising Australia’s $3 trillion wholesale deposit and debt capital markets.
The project is the next significant step in tokenising and decentralising real world assets in the Australian financial system to lower transaction costs and risk, a shift estimated by the RBA at being worth tens of billions a year in savings.
The simulation will span all the wholesale asset classes Imperium Markets already handles for banks, corporates and other institutions, including certificates of deposit, term deposits and bonds.
“Ultimately this is about creating safer, simpler, lower cost markets — and at the moment there is no system, just ad hoc processes,” Imperium chair Rod Lewis told Capital Brief.
