Citi, CME Group Implement Baton Systems’ Distributed Ledger Platform to Drive Down Cost of Margin Funding

NEW YORK–(BUSINESS WIRE)–Citi and CME Clearing have implemented a real-time distributed ledger platform developed by Baton Systems, a payments technology provider. The solution allows a bank to view the collateral in its ledgers in real time, send cash or securities with one click to a clearing house, and receive an immediate acknowledgment, regardless of the current technologies they are deploying. Read more …