Fremont, CA; April 15, 2019 — Baton Systems (“Baton”), a provider of distributed ledger-based post-trade and payments solutions for capital markets, won the Best Distributed-Ledger Technology Project at the Sell-Side Technology Awards 2019, presented in London on April 12.
The Sell-Side Technology Awards, hosted by Waters Technology, recognize the world’s leading technologies and third-party vendors that are addressing the sell-side’s most pressing needs. The awards feature 32 categories, focused on market-leading technologies that allow sell-side firms to operate more efficiently, transparently, and judiciously. Winners are selected by a panel of Waters Technology’s senior journalists.
“It is an honor to receive this prestigious recognition at the Sell-Side Technology Awards,” said Arjun Jayaram CEO of Baton Systems. “We pride ourselves for having the fastest real-time payments solutions that reduce pre-funding, eliminate lengthy processing times from the typical 2-3 days to under 2 minutes, and interoperate with existing systems by synchronizing the movement of two legs of any type of currency transaction.”
The Baton platform is currently in production in multiple global banks and institutions, including Citi and CME, for settlement of margin collateral and foreign exchange, enabling the near real-time settlement of real assets held in bank accounts without the need for digital or crypto assets.
About Baton Systems
Baton Systems delivers advanced technology solutions, bringing a new level of speed, efficiency and accuracy for financial institutions to clear, settle and manage payments. Founded in 2016 by industry veterans in technology, payments and capital markets, and backed by venture capital, Baton Systems works with numerous market participants – including major global banks, custodian banks and exchanges – to meet today’s demands for cost savings, regulatory requirements and better capital management. For more information, please visit https://www.batonsystems.com/
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