Fintech Firm IPC To Support R3’s Corda Blockchain On Its Connexus Ecosystem
New York-based fintech firm IPC Systems announced a partnership with blockchain software firm R3 to support R3’s Corda enterprise blockchain networks on the IPC’s Connexus Cloud platform. The deal will enable Corda blockchain applications, known as CorDapps, to be accessible via IPC’s Connexus Cloud.
Connexus Cloud is a financial markets cloud solution for data, voice, and enterprise communications and compliance. It integrates sell-side and buy-side firms, inter-dealer brokers, liquidity venues, energy firms, trade lifecycle services, market data and clearing/settlement firms on one platform.
It provides Network-as-a-Service (NaaS) and links users to more than 6,600 global capital market participants across 750 cities in 60 countries on IPC’s financial markets network to find new sources of liquidity, serve clients or capitalize on opportunities in the global capital markets landscape.
Connexus provides a private, highly secure and scalable extranet for electronic trading that enables communication and information exchange among capital markets participants.
IPC plans to utilize R3’s Corda platform for customer adoption of the blockchain-enabled applications in capital markets on its Connexus Cloud platform.
The partnership will offer IPC customers in the Connexus Cloud ecosystem access to R3 Corda Business Networks to deploy R3 Corda nodes in any public, private & hybrid cloud platform with instant access over existing network connectivity.
R3’s Corda platform claims to have a widespread adoption in the capital markets.
It provides connectivity to liquidity venues in countries comprising over 80 percent of the global GDP, including access to emerging and frontier markets such as China, Russia, Turkey, South Korea, Taiwan, Vietnam and the United Arab Emirates.
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