Tata Consultancy Services (TCS) announced that Quartz™ for Markets was named the Best New Post Trade Solution at the 2022 FTF News Technology Innovation Awards.
Instituted by the Financial Technologies Forum, the awards recognize the professionals, financial technology vendors, service providers, industry bodies and regulators that have made significant strides and noteworthy achievements during the year. Winners for this year’s competition were determined by votes cast online by readers of FTF News and industry participants.
TCS was recognized for launching an exceptional offering, Quartz for Markets. The offering includes end-to-end services around tokenized securities to Market Infrastructure Institutions (MIIs) – exchanges, depositories, central banks, payment infrastructures, as well as private banks, custodians, and issuers, to drive their future growth.
The collection of business components in Quartz for Markets support the entire post trade life cycle of digital assets, leveraging blockchain technology. It includes services for managing tokenized and digital assets including issuance, custody, secondary market trading, settlement, and surveillance.
Quartz for Markets supports digital asset servicing, including e-voting or general meeting services. The solution provides a choice of settlement in fiat currencies, cryptocurrencies, stable coins and digital currencies, including multiple token standards such as ERC/R3 token SDKs and can be deployed on premise or in a SaaS model.
The solution is live at one of the largest depositories in Asia for managing the end-to-end bond issuance lifecycle using blockchain technology. This decentralized ecosystem reimagines the bond issuance process, enabling seamless real-time information exchange among stakeholders.