OSTTRA’s FX PvP settlement orchestration service grows as Partior Integrates with Baton’s institutional-grade distributed ledger technology (DLT), providing network participants opportunities to use tokenised commercial bank deposits for atomic PvP settlement and liquidity optimisation
OSTTRA and Baton Systems announced that Partior has connected to their on-demand FX payment-versus-payment (PvP) settlement service. This integration expands participants’ options for settling FX transactions with PvP protection to include using tokenised commercial bank facilities. This expanded choice will enable financial institutions to further optimise liquidity management and improve capital efficiency as the adoption of tokenised funds continues to scale.
The collaboration with Partior further extends the network’s capabilities, delivering access to a live ecosystem with major institutional banks offering settlement in a growing range of currencies, including USD, EUR and SGD tokenised commercial bank money. It also allows institutions to execute and manage post-trade FX processes and settle tokenised commercial bank funds on demand – 24 hours a day, 7 days a week.
With Partior joining the network, participants can continue to benefit from the existing automated matching, netting and settlement orchestration which delivers programmable atomic PvP and can now elect to settle FX transactions using either fiat or tokenised commercial bank money or an asset with the credit characteristics of central bank money.
Furthermore, the network’s interoperable design can orchestrate settlement combinations, for example, where one currency leg involves traditional fiat and the other leg tokenised money. This flexibility allows network participants to align tokenised settlements with their institution’s liquidity demands across global markets, while minimising pre-funding requirements when dealing with currencies in different time zones.
Powered by Baton’s trusted DLT technology, which has facilitated over $13 trillion in FX settlements to date, the enhanced PvP network delivers the robust infrastructure, speed, and end-to-end transparency institutions need to scale settlements in line with the continued growth in tokenised assets.
Humphrey Valenbreder, CEO, Partior said: “As the industry moves beyond experimentation toward real-world adoption of digital assets, the ability to settle FX trades with tokenised commercial bank money efficiently is a great step forward. It’s not just about speed or 24/7 access – it’s about setting the stage for a more connected, resilient, and accessible financial system. With real-time, PvP settlement across both fiat and tokenised assets, this service gives institutions a smarter way to manage liquidity, reduce risk, and unlocks new opportunities to optimise capital across global markets.”
John Stewart, Co-CEO OSTTRA added: “Our partnership with Baton last year was an exciting milestone. We set out to combine the global OSTTRA network with Baton’s game-changing technology to enable the widespread adoption of FX PvP, extending the critical benefits of liquidity optimisation and settlement risk mitigation to a broader range of currency pairs and market participants. With tokenised commercial bank assets rapidly emerging as a transformative force, the integration and partnership with Partior is a significant next step on our journey, acting on the feedback from our early adopters to provide more flexibility in settlement options.”
Arjun Jayaram, Founder and CEO, Baton Systems commented: “As the digital settlement landscape continues to rapidly evolve, we’re witnessing a major shift in how markets operate. The transition from fiat to digital assets is ushering in an era where banks can leverage multiple settlement venues to optimise liquidity and ensure safe settlement. With Partior now integrated with our institutional-grade DLT, we provide network participants with even greater choice in the account structures they can use to orchestrate settlement across venues for an increasingly diverse range of assets.”
Source: Baton Systems
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