Post-trade processing from the City of London to the Canton Network, Tokenovate is up and running
Tokenovate, a Cambridge-based fintech, is participating in the Bank of England’s Synchronisation Lab to advance the automation of post-trade processes in capital markets. The company is leveraging its Novat protocol, which utilizes the FINOS Common Domain Model to turn complex master agreements into machine-readable logic for derivatives, repos, and securities lending. This initiative aims to solve fragmentation in digital markets by ensuring that asset and cash movements are coordinated with legal finality throughout the entire product lifecycle. Demonstrating the practical application of this technology, Tokenovate recently executed an intra-day repurchase agreement on the Canton Network using USDCx for cash settlement. By joining the Canton Foundation, the firm is positioning itself to provide interoperable infrastructure that bridges traditional financial standards with distributed ledger technology. This development is significant for the RWA market as it highlights the shift toward standardized, programmable workflows that enhance liquidity management and collateral mobility. The collaboration with the Bank of England underscores the growing institutional interest in integrating tokenized assets into regulated financial ecosystems.
