Introducing the Enhanced Settlement Process with Address Book Convenience

The importance of seamless settlements in the TradFi world cannot be overstated. The use of standard settlement instructions has proven to be crucial in preventing operational errors and unnecessary expenses when dealing with multiple counterparties.

In the rapidly evolving crypto markets, the finality of settlements becomes even more critical due to the irreversible nature of transactions on the blockchain and flexible settlement cycle.

That’s why we have added a settlement address book to our platform, making it easier and more automated to complete post-trade settlements. Thanks to upgraded settlement functionality, our users can easily navigate and check the settlement status for incoming or outgoing settlements, as well as settlement requests. The new settlement flow provides a simplified and effective process for all settlement operations, while the advanced search and filter options allow for better visibility and control over transactions.

Make your transaction process on any blockchain as easy as sending an email, with Finery Markets serving as a reliable record of your settlement history.

How does it work?

1. Easily add your bank details and crypto wallets and securely share them with your counterparties on the platform. Say goodbye to operational mistakes caused by manual processes.
2. Implement a whitelisting process to ensure that only verified and confirmed parties can access settlement information. Once whitelisted, there’s no need for chats, emails, or manual procedures to initiate settlements.
3. Choose from over 20 settlement networks, including popular options such as Bitcoin, Ethereum, Polygon, Tron, Cardano, Solana, and BNB Smart Chain.

As a trusted platform for trading, we are also establishing ourselves as a secure “golden source” for settlement instructions. This means you can simplify your back-office operations and make the most of your resources with a user-friendly and comprehensive settlement experience.

See more on our blog: https://finerymarkets.com/blog/