## The Future of Liquidity Management, Collateral and Payments $25Trillion + * * * ##### Facilitated settlements 183Million + * * * #### **[_“What we have built with Baton gives regional banks the operational control they need to grow their FX business on their terms.”_](/content/insights/press-releases/derivative-path-and-baton-systems-partner-to-enable-regional-banks-to-scale-fx-services-with-greater-control-and-liquidity-efficiency/index.html)** #### **Zack Nagelberg, Co-Founder and President, Derivative Path** #### [**_“Joining the OSTTRA and Baton PvP network marks a significant milestone in our mission to make institutional-grade digital settlement a practical reality.”_**](/content/insights/press-releases/fnality-joins-osttra-and-baton-systems-fx-pvp-network/index.html) #### **Michelle Neal, CEO, Fnality** #### **[_“This will bring further efficiency in our collateral management process and will provide greater real-time visibility of our margin and collateral holdings.”_](/content/insights/press-releases/baton-systems-partners-with-lch-clearing-to-automate-collateral/index.html)** #### **Anthony Fraser, Head of Global Clearing Operations and Cost & Commission Services, J.P. Morgan** #### [_**“Working with Baton, we will be delivering a solution at the leading edge of innovation.”**_](/content/insights/press-releases/bny-mellon-baton-systems-announce-collaboration/index.html) #### **Victor O’Laughlen, Digital Business Leader at BNY Mellon** #### **[_“Since 2018, HSBC FX Everywhere has used Baton’s Core FX technology to settle 16 million FX trades across 13 different currencies totalling US$8.1 trillion.”_](/content/insights/press-releases/osttra-and-baton-systems-partner-to-launch-fx-pvp-service-mitigating-settlement-risk-in-fx-markets/index.html)** #### **Mark Williamson, Global Head of FX & Commodities Partnerships & Propositions, HSBC** #### **[_“With Baton we have been able to accelerate our innovation agenda and drive efficiencies through our entire clearing process”_](/content/insights/press-releases/baton-systems-completes-connection-to-ice-clear-europe/index.html)** #### **Mariam Rafi, Global Head of Financial Resource Management and North American Head of Clearing and FXPB, Citi** #### [**_“With firms actively preparing for US Treasury clearing, we view the FICC link to the Baton network of clearing participants as an important enabler of collateral efficiencies.”_**](/content/insights/press-releases/baton-connects-with-dtccs-ficc-and-nscc-clearing-houses/index.html) #### **Brian Steele, President of Clearing and Securities Services, DTCC** #### **[_“The integration of Baton’s real-time network with Nasdaq Calypso represents a significant advancement for Clearing Members and institutional clients worldwide, creating enhanced infrastructure for managing collateral workflows with unprecedented connectivity.”_](/content/insights/blog-posts/building-real-time-collateral-infrastructure-nasdaqs-partnership-with-baton-systems/index.html)** #### **Magnus Haglind, SVP, Capital Markets Technology, Nasdaq** ## BRIDGING TRADITIONAL FINANCE WITH DIGITAL INNOVATION ## Fixing Friction. Fuelling Growth Financial institutions have a generational opportunity to reinvent their financial market infrastructure and prepare for the digital future – where liquidity management, collateral and payments drive scalable business growth. Baton’s real-time, connected, AI-ready platform seamlessly bridges legacy systems with digital innovation. Using intelligent real-time workflows we streamline movements, unlock trapped capital, reduce risk, and scale access to new 24/7 digital settlement venues, intraday markets, tokenised assets and AI advancements – opening up new opportunities to improve profitability and capital efficiency. **For those ready to lead, the future starts here.** ### Baton Partners with Nasdaq Calypso #### **Accelerating collateral mobility across an expanding network of major CCPs** **– unlocking improved capital efficiencies and enhancing liquidity management.** ## REINVENTING LIQUIDITY MANAGEMENT, COLLATERAL AND PAYMENT INFRASTRUCTURE ##### As a trusted technology partner to some of the world’s largest banks, we’re future-proofing the industry’s liquidity management, collateral and payment infrastructure – turning a source of friction into a catalyst for scalable growth. ##### **Don’t just react to change. Proactively capitalise on it.** ##### Liberate from Legacy ##### **Overcome legacy limitations. Reduce risk, cost and missed opportunities, and future-proof operations with resiliency and scale.** ##### Real-Time Economics ##### **Unlock trapped capital, optimise liquidity efficiencies, mitigate risk and cut funding costs. Safely settle in minutes, not hours.** ##### Built for Change ##### **An interoperable, AI-ready, digital backbone bridging legacy systems with 24/7 digital asset settlement venues and intraday markets.** ##### Riskless DLT Settlement ##### **Institutional-grade DLT that’s proven in production: $25T+ settled to date. Now a fiat-to-tokenised convergence-ready platform.** ### **7 of the 9 Largest Western GSIBs Rely on Baton's Technology** ## PARTNERS AND INTEGRATIONS ## EXPLORE BATON'S REAL-TIME SOLUTIONS ##### Discover real-time solutions that deliver greater control over liquidity management, collateral and payments enabling market participants to unlock new revenue opportunities and manage risk on their own terms. ##### [Real-time Payment Control](/content/solutions/real-time-payment-control/index.html) ##### [**Eliminate blind spots with real-time visibility, programmable controls and intelligent payment orchestration – reducing settlement risk and preventing payment failures.**](/content/solutions/real-time-payment-control/index.html) ##### [Real-time Liquidity Management](/content/solutions/Real-time%20Intraday-liquidity-management-solution/index.html) ##### [**Gain enterprise-wide real-time liquidity visibility, precision forecasting and control – Rapidly release and redeploy trapped capital, reduce liquidity buffers, proactively manage liquidity risk and enhance funding efficiencies.**](/content/solutions/real-time-intraday-liquidity-management-solution/index.html) ##### [Automated and Optimised Collateral Management](/content/solutions/collateral-optimization/index.html) ##### [**Optimise collateral allocations and expediate movements across multiple CCPs and Custodians to maximise collateral efficiencies.**](/content/solutions/collateral-optimization/index.html) ##### [FX PvP Settlement Orchestration](/content/solutions/fx-settlement-with-core-fx-collaborative-flexible-and-secure/index.html) ##### [**Automated netting integrated with on-demand, programmable PvP settlement orchestration across traditional and digital currencies – increasing liquidity efficiencies and reducing settlement risk.**](/content/solutions/fx-settlement-with-core-fx-collaborative-flexible-and-secure/index.html) ## MARKET-WIDE LIQUIDITY MANAGEMENT CHALLENGES DEMAND COLLABORATIVE SOLUTIONS ##### Baton’s proven DLT is enabling industry-driven, liquidity management and settlement networks that connect institutions and provide an AI-ready digital backbone so participants can collaborate and solve market-wide challenges – adding value, cutting costs and mitigating risk. * * * ## WHY CHOOSE BATON ##### Every day, Baton processes nearly $30B for 7 of the 9 largest western GSIBs, having settled more than $25T in value to date. ##### Experienced yet independent, we’ve proven our ability to move faster, innovate more freely, and collaborate with partners and clients to reinvent the industry’s financial market infrastructure. ##### **Trusted by the market. Built to change it.** ### **Free capital. Reduce risk. Unlock growth.** #### **The future of liquidity management, collateral and payments starts here.** ### **Latest Announcements** * * * ##### [**Derivative Path and Baton Systems Partner to Enable Regional Banks to Scale FX Services with Greater Control and Liquidity Efficiency**](/content/insights/press-releases/derivative-path-and-baton-systems-partner-to-enable-regional-banks-to-scale-fx-services-with-greater-control-and-liquidity-efficiency/index.html) ##### [**Building Real-Time Collateral Infrastructure: Nasdaq’s Partnership with Baton Systems**](/content/insights/blog-posts/building-real-time-collateral-infrastructure-nasdaqs-partnership-with-baton-systems/index.html) ##### [**OSTTRA, Baton and Partior Expand FX Settlement Ecosystem with Tokenised Commercial Bank Funds and 24/7 Access**](/content/insights/press-releases/osttra-baton-and-partior-expand-fx-settlement-ecosystem-with-tokenised-commercial-bank-funds-and-24-7-access/index.html) ## INDUSTRY RECOGNITION * * * We are proud to be recognised as a leading industry innovator.