Overview

The Common Domain Model (CDM) serves as the digital backbone of our workflows. By building on this industry standard, Tokenovate ensures that every post-trade activity—from trade matching and confirmations to collateral movements—is handled consistently across different systems and counterparties. This standardisation eliminates the need for manual reconciliation and ensures that all participants are aligned to a shared, accurate representation of trade events.

We achieve synchronisation through the Unified Trade Record (UTR) and our Novat protocol. The UTR creates a single, trusted view of the trade using CDM data. When a lifecycle event occurs, the workflows generate validated obligations which are then passed to our settlement layer. The Novat protocol completes these transactions using discrete, single-use state objects, ensuring that trade data, processing, and settlement remain perfectly aligned and fully traceable for all participants.

Tokenovate’s programmable settlement removes the friction and lag inherent in manual processes. By automating the transition from contractual obligations to executable processes, our workflows ensure that obligations are completed with certainty at the point of legal finality. This high level of automation reduces failure rates and increases capital efficiency, providing the speed and transparency required to support T+1 (and beyond) settlement cycles comfortably.