Axoni and Clearmatics successfully test cross-chain settlement of derivative contract


This week, Axoni, a New York tech firm specializing in distributed ledger infrastructure for capital markets and Clearmatics, a London based distributed systems company successfully demonstrated a derivative contract modeled using Axoni’s domain-specific language, AxLang, and the subsequent cross-chain settlement of the resulting two cash payments using the interoperability protocol, Ion, across currency chains built by Clearmatics designed to provide settlement finality.

Axoni and Clearmatics successfully test cross-chain settlement of derivative contract