FIX Trading Community and GDF bid to build messaging gateway for digital assets
finextra.comThe initiative, dubbed the FIX-FinP2P Protocol Interoperability Alliance, aims to upgrade existing financial infrastructure to seamlessly interact with distributed ledger technology by facilitating interoperability across traditional financial systems and blockchain-based platforms.
The alliance is dedicated to enabling messaging between traditional finance and digital securities, such as regulated institutional tokenized real-world assets including bonds, loans, securities lending, alternative investments, repo, and money market funds. It entails the integration of the open-source FIX Trading Community and the open-source FinP2P tokenization interoperability protocol, with Ownera as an integration partner.
The Joint GDF and FIX Trading Community Working Group, which first met on June 20th, will operate over a four-month period, during which participating GDF and FIX community member firms and relevant blockchain technology firms will collaborate to test the integration of a FIX-based trading system with a FinP2P router in a sandbox environment.
Anthony Woolley, co-chair of the GDF Tokenization Forum and head of business development and marketing at Ownera says: “The biggest challenge facing tokenization initiatives today is to connect market supply and demand at scale and make it easy for buy-side institutions to access the pipelines of high-quality assets now being tokenized by the sell-side.
