Digital Assets: Building with trust

The R3 family and ecosystem is much more than simply a nice series of marketing words – it’s a reality and environment where you can develop your ideas but also connect with and meet with the sort of people that will help you bring your ideas into fruition.

Corda was the clear choice because it has a very high confidentiality compared to other blockchain platforms. But what’s also important to us is having an enterprise-grade solution, because that creates trust.

Corda lends itself very well to the business problem that we are trying to solve. It has fantastic privacy features which is clearly very important for Capital Markets and we’re dealing with securities lending transactions which clearly need to be private and only known to the two participants who are involved.

Being the first organization to move Corda technology to Google Cloud is a further sign of HSBC’s commitment to blockchain and cloud technologies. As well as cutting onboarding times and reducing costs, it will help us prepare for the future, in which the full transaction lifecycle could be stored on a distributed ledger.

Alongside Corda’s extremely large and impressive global ecosystem within the financial services industry, Corda is arguably the best–perhaps the only–real permissioned DLT, ensuring unparalleled confidentiality for the data residing on our platform.

The Corda platform will fit well into Nasdaq’s technology ecosystem and partnership strategy and allow us to harness the power of scalable design and a new level of interoperability.

For us, Corda is bringing the key building blocks for our solution. We are building a trustworthy and creditworthy solution where essentially all of our business partners are platinum-grade players who are after enterprise-level integrated services. For that, we think Corda is a well-branded and well-known platform in the industry.

As a highly regulated and trusted financial market infrastructure provider, SIX must operate at the highest levels of security and stability. We felt Corda Enterprise was the best fit for the scale and breadth of service we envisage with SDX.

Corda is the best solution out there for our use case for the very simple reason that it has been built by financial institutions for financial institutions, meaning that it respects all of the standards of privacy, compliance and reliability that are central for these private market participants.