BITNET

BITNET is an onchain trading system home to 20000+ tokenized securities across all asset classes.

Q: What is the BITNET?
A: The BITNET is DRS's all-to-all blockchain trading system home to 20000+ tokenized securities across all asset classes.

Q: Why BITNET?
A: Programmatic multi-asset composability. Offline digital payments. Use stocks, bonds, real estate to buy groceries.

BITNET improves:

1. Operational risk mitigation through standardization and automation
2. Intraday liquidity
3. Post-trade FX matching and netting processes

BITNET reduces:

1. Funding and number of payments required
2. Inconsistent FX matching and FX netting
3. Credit consumption
4. Intraday overdraft costs and correspondent bank charges
5. Communication required to confirm positions pre-settlement