Delta Capita, a leading global Capital Markets consulting, services and technology provider, has today announced an agreement with Montis Group to...
Delta Capita and Montis announce expanded commercial partnership and CSD technology delivery
London, 09 January 2024 – Delta Capita and Montis Group have today expanded the commercial partnership between the two firms, following the successful delivery of the first phase of the Montis digitally-native Central Securities Depositary (CSD) system built on Delta Capita’s MACH Distributed Ledger Technology (DLT) platform.
London, 09 January 2024 – Delta Capita and Montis Group have today expanded the commercial partnership between the two firms, following the successful delivery of the first phase of the Montis digitally-native Central Securities Depositary (CSD) system built on Delta Capita’s MACH Distributed Ledger Technology (DLT) platform. This revolutionary digital CSD solution provides the market infrastructure that is needed for regulated tokenised assets, in the form of digital securities, to achieve their full potential for the first time.
As a direct result of their successful collaboration last year and with the initial DLT-based systems delivered, Delta Capita and Montis have reached agreement in principle to expand their commercial partnership to target four additional market infrastructure use cases:
- Settlement optimisation in Eurosystem markets
- European listed warrants
- Delivery versus Payment using deposit tokens
- Delivery versus Payment using wholesale CBDC
Montis is using Delta Capita’s MACH technology to revolutionise the CSD landscape and received the institutional grade, production ready systems in advance of its full regulatory authorisation, expected early in 2024. The Montis CSD will be blockchain agnostic, supporting Ethereum, Algorand and Hedera as part of phase one.
MACH is a hybrid technology platform straddling existing ISO MT and MX messaging for securities, cash, and corporate actions, as well as providing a proprietary blockchain core interoperable with other blockchains. Additionally, the technology covers primary issuance and allocation, secondary trading on trading venues, HSM for encrypted networks, asset control and liquidity management and is deployed in AWS cloud across two Availability Zones.
Steve Vinnicombe, CEO at Delta Capita’s MACH Technology , commented:
“This is a significant milestone for our MACH technology. Working with Martin and the Montis team to engineer a solution capable of supporting the services required by the next generation of financial markets has been a highly collaborative and rewarding experience.
It is clear that the market has an increased appetite for technology that can help to unlock the cost reduction, liquidity and revenue generating benefits of natively digital and tokenised assets. We are excited to partner with Montis to exploit these opportunities across regulated markets.”
Martin Watkins, CEO at Montis , added:
“We are delighted to expand our commercial relationship with Delta Capita into four key areas following delivery of our innovative CSD systems and have identified potential cost savings in excess of 40% for participants that can be achieved through our partnership.
We believe that all assets are moving on-chain, so the regulated infrastructure needs to be ready for that moment. Montis is ahead of the curve and with all the largest financial institutions agreeing that tokenisation is the future, we are perfectly placed to meet the rapidly increasing demand.”
Montis Group Limited, is the digital Financial Markets Infrastructure (dFMI) subsidiary of Archax, the first-ever FCA-regulated digital securities exchange, broker, and custodian.
Montis is building the next generation of natively digital infrastructure for global capital markets, that leverages blockchain technology to revolutionise the post-trade space and allow tokenised assets, such as digital security tokens, to realise their full potential.
Montis is part of the Archax group but is crucially independent of all the other trading venues, products, and services that Archax offers. The Montis DLT post-trade infrastructure is designed to be venue, participant and blockchain agnostic.
About Delta Capita
Delta Capita is a leading managed services, technology and consulting firm focused on the financial services sector. Headquartered in the UK, Delta Capita has more than 1,200 professionals across its offices in London, Germany, India, Ireland, Netherlands, Singapore and USA. Delta Capita specialises in the creation of multi-client managed services with technology, people and infrastructure.
Delta Capita is the financial services division of Prytek a multinational technology group with a focus on building and investing in technologies and delivering managed services in the Financial Services, Cyber & Tech Education, and HR sectors.
Montis Group Limited
CEO of MACH Technology at Delta Capita