Building a better bond market with Blockchain
Unhedged risks in the credit market have increased to alarming levels. The DelphX market enables credit investors to negotiate and trade new digital securities that hedge risk, pay enhanced yields and facilitate dynamic speculative trading.
Growing concentration of risk
Direct hedging of credit default risk is becoming increasingly difficult as the single-name CDS market continues its decline. Investors now face growing levels of credit risk and capital costs. The lack of an effective risk-mitigating utility has also dried up liquidity in the cash bond market.
A Blockchain-powered solution
Employing proprietary distributed ledger technology and actuarial science, the DelphX market facilitates broad diffusion of default risk among participants through two new forms of smart securities. Covered Put Option™ (CPO) securities provide secured default protection for millions of underlying credit instruments. Covered Reference Note™ (CRN) securities pay enhanced yields to credit investors willing to participate in a pool of such risks.
Broad diffusion of risk
Lower cost of capital
Increased market liquidity
Meet Bond Market 2.0
Learn more about how DelphX is addressing the problems of the credit capital market through its patent-pending distributed ledger and risk-diffusion technologies.