Smart contracts platform and distributed ledger technology developer Adjoint has the International Swaps and Derivatives Association (ISDA).
Adjoint will contribute to distributed ledger technology and smart contract working groups.
Adjoint solutions allow financial firms to control the entire derivatives lifecycle, including trade structuring, capture, confirmations, collateral, settlement and regulatory reporting with automated smart contracts
“We are pleased to be a member of ISDA, and its work on data and standards will help move the industry forward,” Adjoint COO Somil Goyal said.
“ISDA master agreements and FpML are already available as market-wide standards, and it is the right time for the industry to extend and modernise these into smart contracts on distributed ledger technology. This will bring massive operational benefits to the industry.”