“Coupling the DApp with the latest settlement API (R3 Settler/XRP), we can offer the high speed of payments necessary for the execution of intraday trades. Our money market offering in R3 Corda is a highly secure, GDPR compliant DApp allowing banks, family offices, corporations, utilities, etc. to exchange liquidity amongst each other,” Instimatch says.
Debajani Mohanty (working on the implementation of the Corda Settler/XRP with the @instimatch trading platform) confirms the product is being tested by banks and that the production version is expected to be released somewhere between March/April 2019.https://t.co/EU27RkJrge
The official notes continue and say that “This DApp offers the modern alternative to voice broking and replaces our present, centralized database version which has seen a volume of over 1 Billion USD equivalent and 50 Banks are on-boarded.”
The pilot with the banks is live, according to XRP Research Center but the names of the banks which are involved in the project is not out yet.