Knox Networks

Cool moment for Knox Networks, from Silicon Valley to New York City! We are working with a variety of financial partners to help make asset and money movement faster, secure and seamless. If your business deals with multiple asset classes across many systems, we would love to chat! Catch us at Money20/20, drop us a DM if you are around! Big thank you to our partners at NYSE.

Great to see Citi Securities Services continue its annual survey on FMI disruptions happening across industry. Key highlights of the report include: 1️⃣ 22% of respondents finding digital ledgers as a "Critical technology that enabled a successful transition to T+1" 2️⃣ 49% of respondents expecting an Instant/T+0 settlement cycle in the next five years, and 76% within ten years 3️⃣ 35% of banks and 38% of custodians believing a digital ledger could impact current post-trade processing costs 4️⃣ 65% of banks preferring a private ledger 5️⃣ 80% expect to use digital money to support securities settlement by 2026 📝 And this important note: "Without a usable cash solution, it is impossible to exchange digital securities in a true, delivery-versus-payment (DVP) mode — creating a growing appetite for tactical options that could potentially support digital DVP. While bank-issued stablecoins have provided some help in this space, their perceived benefit is limited to proprietary chains, which means they are not interoperable…How can we exchange value in a way that is transparent (from a structural and counterparty risk perspective) and is not tied to any one chain or application?" This report validates the technological approach of Knox Networks, which was designed for regulated institutions and fulfills the objectives and needs identified by Citi Securities Services's survey Bryan Murphy Dawid Janas Harsha Jethnani Jolene Han Berg Nadeem Hussain Nadine Teychenne Phillip Van Dine Marcello Topa Michele Pitts Ron Chakravarti Ryan Marsh Sarah Sutton #digitalassets #fintech #tokenization #DLT https://lnkd.in/g7NhvZHQ

It was great to see our industry colleagues testify at the recent US House Financial Services Committee hearing on the benefits of tokenization for the regulated financial system. Among these benefits discussed were: reduced costs and frictions for consumers and businesses, in addition to improved liquidity and automation. Timing is of the essence, and our team is excited to support the draft legislation and H.R. 8464 to have relevant financial agencies, including the SEC, CFTC, OCC, FDIC, FRB, and NCUA produce research on the potential impacts of tokenization for the regulated financial industry within the United States. It is extremely important that efforts are made during this period to write inclusive legislation for such an important innovation. We believe that the bill should be modified to allow for non-blockchain tokenization platforms to be specified within the reports, as blockchains are not an inherent requirement for receiving the underlying benefits of tokenization. Read our full response here: https://lnkd.in/egyFM_gq

We are thrilled to announce that Knox Networks has been awarded a prestigious grant from the National Science Foundation (NSF). Knox will demonstrate the capabilities of atomic settlement across digital assets and interoperability between different ledger systems. Our product’s ability to work within the current regulatory environment and two-tier banking system is of great interest to government entities, and this award from the White House-NSF builds on the momentum created from President Biden’s 2022 Executive Order on Ensuring Responsible Development of Digital Assets. Read more about it in our blog post here: https://lnkd.in/gKVFjHHg #SBIR #DigitalAssets #Innovation #BlockchainTechnology #FinancialTechnology #RegTech

🔒Knox Networks Enhances Data Security in Digital Transactions with IBM Hyper Protect Crypto Services HSM 🚀 We're thrilled to announce our collaboration with IBM Hyper Protect Crypto Services (HPCS) to bolster data protection in the realm of digital payments and identity verification. Through this partnership, Knox Networks is taking a significant leap forward in ensuring robust security measures and compliance with regulatory standards. In our latest blog post, we introduce how Knox Networks is revolutionizing the landscape of secure tokenized transactions. By integrating HPCS HSM into our infrastructure, we're not only enhancing the security of sensitive information but also paving the way for seamless regulatory compliance. Big thank you to our IBM counterparts including Sandeep B. and Jean-Yves Girard ! Read more about our innovative approach:

The tokenized systems of tomorrow are still being created, but two things remain clear: there will be multiple tokenization solutions and legacy systems aren’t going away anytime soon. If next-gen financial products are to live up to the promise of fast, frictionless and safe transactions across asset types and jurisdictions, their ability to interoperate with each other and with legacy systems will be crucial. Knox takes a non-blockchain approach to bridging older legacy and newer digital systems. For interoperability to scale, particularly with regulated assets, approaches based on standards and protocols are clearly needed and are taking shape. Knox is pursuing a multi-modal approach to interoperability, since it is a core feature of our software offering. In our first blog post of our Interoperability Series, we analyze how Hashed Timelock Contracts, or HTLCs, are able to help Knox communicate with other tokenization platforms. While HTLCs are normally thought of as being exclusive to distributed ledger technologies (DLTs), Knox is committed to showing how it can still interoperate with DLT and legacy systems to seamlessly transfer value across different networks. Read more here: https://lnkd.in/eCy9nxWz #interoperability #digitalassets #htlc #fintech