Systems and methods for distributed-ledger based collateral movement
Systems and methods for distributed ledger-based collateral movement are disclosed. According to an embodiment, a method for distributed ledger-based collateral movement may include: (1) receiving, at a first collateral custodian computer system for a collateral custodian and from a client of the first collateral custodian, a collateral asset for a target asset held by a client of a second collateral custodian; and (2) tokenizing the collateral asset and writing a collateral token to a distributed ledger platform. The second collateral custodian receives, from the distributed ledger platform, the collateral token and releases the target asset to the first collateral custodian in response to receiving the collateral token.
1. A method for distributed ledger-based collateral movement, comprising:
receiving, at a first collateral custodian computer system for a first collateral custodian and from a client of the first collateral custodian, a collateral asset, wherein the collateral asset is collateral for a target asset held by a client of a second collateral custodian;
posting, to a distributed ledger platform, an identification of the collateral asset;
retrieving, by the first collateral custodian computer system, a collateral requirement rule of the client of the second collateral custodian;
writing the collateral requirement rule to the distributed ledger platform;
verifying, by a smart contract executed by the distributed ledger platform, that the collateral asset is acceptable to the client of the second collateral custodian, wherein the verifying is based on the identification of the collateral asset and the collateral requirement rule of the client of the second collateral custodian;
tokenizing, by a first agent/intermediary, the collateral asset to a collateral token;
writing, by the first agent/intermediary, the collateral token to the distributed ledger platform;
tokenizing, by the second agent/intermediary, the target asset to a target token;
writing, by the second agent/intermediary and in response to the verifying that the collateral asset is acceptable, the target token to the distributed ledger platform;
escrowing the collateral asset and the target asset after the collateral asset and the target asset are tokenized;
receiving, from the distributed ledger platform, the collateral token; and
releasing the target token to the first collateral custodian in response to receiving the collateral token.
2. The method of claim 1 , wherein the collateral asset and the target asset are a same type of asset.
3. The method of claim 1 , wherein the collateral asset and/or the target asset are bonds.
4. A system, comprising:
a first collateral custodian computer system for a first collateral custodian comprising a first collateral custodian computer processor and a first collateral custodian memory;
a second collateral custodian computer system for a second collateral custodian comprising a second collateral custodian computer processor and a second collateral custodian memory;
a first agent/intermediary computer system comprising a first agent/intermediary computer processor and a first agent/intermediary memory;
a second agent/intermediary computer system comprising a second agent/intermediary computer processor and a second agent/intermediary memory; and
a distributed ledger platform;
wherein:
the first collateral custodian computer system is configured to receive, from a client of the first collateral custodian, a collateral asset, wherein the collateral asset is collateral for a target asset held by a client of the second collateral custodian;
the first collateral custodian computer system is configured to post, to a distributed ledger platform, an identification of the collateral asset;
the first collateral custodian computer system is configured to retrieve a collateral requirement rule of the client of the second collateral custodian;
the first collateral custodian computer system is configured to write the collateral requirement rule to the distributed ledger platform;
a smart contract executed by the distributed ledger platform is configured to verify that the collateral asset is acceptable to the client of the second collateral custodian, wherein the verifying is based on the identification of the collateral asset and a collateral requirement rule of the client of the second collateral custodian;
the first agent/intermediary computer system is configured to tokenize the collateral asset to a collateral token;
the first agent/intermediary computer system is configured to write the collateral token to the distributed ledger platform;
the second agent/intermediary computer system is configured to tokenize the target asset to a target token;
the first agent/intermediary computer system is configured to write, in response to the verifying that the collateral asset is acceptable, the target token to the distributed ledger platform;
the first agent/intermediary computer system or the second agent/intermediary computer system is configured to escrow the collateral asset and the target asset after the collateral asset and the target asset are tokenized;
the second collateral custodian computer system is configured to receive, from the distributed ledger platform, the collateral token; and
the second collateral custodian computer system is configured to release the target token to the first collateral custodian in response to receiving the collateral token.
5. The system of claim 4 , wherein the collateral asset and the target asset are a same type of asset.
6. The system of claim 4 , wherein the collateral asset and/or the target asset are bonds.