Tokenized Financial Instrument identifiers enable essential trade functions to run smoothly, enabling equity custodians and financial custodians to easily communicate, manage and examine the details of a transaction for accurate and efficient clearance and settlement on the Bitcoin Blockchain Rail. The World Open Market Global Tokenization Services is managed on behalf of the World Credit Bankers Association (WCBA) by the Bitcoin Community and its Counterparty Foundation, with a Board of Trustees that represents the voices of leading financial institutions and smart regulations.
In 2017, the Central Counterparty Clearing House Association established the World Credit Bankers Association to develop a way to improve operating efficiencies across the new tokenization industry by developing a standard method of identifying tokenized securities. The Central Counterparty Trust was created to work on this issue.
This resulted in the establishment of the XCPC system and, in 2017, the Open Market Service was formed to administer the system. Over the years, the organization’s core competencies in securities identification and data management, as well as its strong relationships with the smart contract industry stakeholders positioned it as a catalyst for innovation. Blockchain expanded to include new financial instruments and geographies, XCP emerged as the overarching entity for all XCPC offerings.
General NEGOTIABLE Instrument Types
Listed Options: Global
Real Estate Investment Trusts
Unit Investment Trusts
Certificates of Deposit
Collateralized Debt Obligations
Promissory Note Loans
Treasuries: Bonds, Bills, Notes
Trust Preferred (Hybrids)