just now
Switzerlan-based Digital-Asset trading venue RULEMATCH has announced that it has gone live today with its Triparty Settlement Service, expanding its clearing and settlement capabilities to support bilateral trading parties looking to reduce principal settlement risk via a delivery-versus-payment (DvP) process. (RULEMATCH noted the Triparty Settlement Service is currently available exclusively to participants of RULEMATCH AG in Switzerland.)
The service allows trading counterparties to execute trades bilaterally, then optionally report those trades to RULEMATCH for clearing, netting, and DvP settlement—removing the need to decide “who settles first” and helping streamline post-trade operations.
What’s new
Triparty Settlement extends RULEMATCH’s settlement workflow so institutions can:
🔹 Trade bilaterally with preferred counterparties
🔹 Report trades to RULEMATCH for clearing and settlement
🔹 Get a single net settlement obligation per cycle
🔹 Negotiate and adjust settlement cycles (including cut-off times and deadlines) with their bilateral partner
How it works (high level)
Once the two trading parties agree to clear and settle via RULEMATCH, trades can be reported by both parties—or by one party if both parties agree. RULEMATCH then calculates net obligations and entitlements based on configurable settlement cycles.
For settlement:
🔹 Tokens are delivered to segregated wallets
🔹 Fiat is delivered to segregated fiduciary accounts at RULEMATCH’s partner bank
🔹 RULEMATCH facilitates DvP, meaning assets only change hands once both parties have fulfilled their obligations, with entitlements remaining reserved until the DvP process is finalised
RULEMATCH positions itself as a pure infrastructure operator, with fiat and tokens held off-balance sheet in segregated structures.
Key benefits highlighted by RULEMATCH
🔹 Remove principal settlement risk through DvP settlement mechanics
🔹 Netting efficiency, turning reported trades into a single net obligation per cycle
🔹 Configurable settlement cycles, including the ability to renegotiate cycle specifications
🔹 Connectivity options for reporting, including FIX and a GUI
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