Six-product settlement infrastructure suite on a dedicated Avalanche L1. Multilateral netting, micro-transaction aggregation, cryptographic privacy, and post-quantum authentication — operating on testnet and ready for institutional evaluation.
In emerging-market B2B corridors, institutions are forced to pre-fund large nostro balances and warehouse FX risk across multi-day settlement windows. The result is trapped liquidity, high volatility premiums, poor asset turnover, and structurally weak ROE — even when transaction volumes are strong.
CLS provides multilateral netting for 75 banks across 18 major currencies. The remaining 38,000+ institutions — Tier-2/3 banks, PSPs, MTOs — have no equivalent infrastructure. They settle gross, absorbing the full cost.
Ranges typical in high-volatility EM corridors. Actual figures vary by corridor and counterparty.
The Settlement Computer coordinates settlement between independent institutions by recording corridor-level obligations, netting them before settlement, and moving only residual value.
The protocol operates outside balance sheets, does not take custody, and never acts as a counterparty. All regulated activity remains with licensed institutions.
Purpose-built settlement chain with sub-second finality, cryptographic privacy, post-quantum authentication, and continuous operation across 11 corridors. All metrics from testnet (Lagrange chain).
Each product addresses a distinct settlement domain. All share the same Avalanche L1 infrastructure, multi-tenancy model, and cryptographic privacy layer.
Multilateral netting engine for cross-border institutional settlement. Corridor-level obligation compression with cross-corridor aggregation, bilateral pre-netting, and residual carry-forward.
Micro-transaction aggregation with AI-powered ISO 20022 translation. Converts retail and mobile money flows into netting-eligible institutional obligations.
Protocol-native risk intelligence. Closed-loop admission control and real-time counterparty exposure monitoring enforced at the VM layer — not advisory.
Maturity-aware netting for trade finance. Document-anchored settlement for letters of credit, bills of lading, and documentary collections.
Energy settlement netting for electricity, gas, and distributed energy resource obligations. Circular debt resolution with time-indexed settlement windows.
Agentic clearing for autonomous economic agents. Machine-native settlement with causal shared state, graph-derived credit pricing, and adaptive liquidity optimisation.
Banks with cross-border exposure seeking to optimize capital allocation in emerging market corridors.
Payment institutions priced out of capital-inefficient corridors looking to expand geographic coverage.
Mobile money operators managing high-volume flows who need efficient cross-border settlement.
Platforms facilitating commercial payments that require predictable, capital-efficient settlement.
The Settlement Computer enables these institutions to operate corridors that are currently capital-inefficient or uneconomic — without becoming banks, market makers, or custodians.
Protocol-level compliance and cryptographic security validated against international financial market standards.
Pedersen commitments for homomorphic netting, AES-256-SIV metadata encryption, Bulletproofs zero-knowledge range proofs (70ms proving), Shamir's Secret Sharing key distribution. Tiered view keys with participant-sovereign data delegation.
ML-DSA (FIPS 204) post-quantum digital signatures deployed via cloudflare/circl. Modes 44/65/87, hybrid Dilithium+ECDSA, batch verification, and on-chain key registry.
Level 1 (schema conformance) and Level 2 (SWIFT usage guidelines) validation passed across all 5 message types: pain.001, pacs.008, pacs.002, camt.054, camt.053.
Mapped against all 24 CPMI-IOSCO Principles for Financial Market Infrastructures. Publication pending regulatory engagement.
The Settlement Computer integrates at the treasury and settlement layer using standard APIs and ISO 20022 messaging.
Institutions retain their existing rails, correspondent relationships, and FX arrangements. The Settlement Computer reduces how much capital and risk those systems need to carry.
FX rate determination powered by AFXO — an institutional-grade FX oracle delivering deterministic rate feeds across global currency pairs.
Four steps from obligation to settlement. Integration via API or ISO 20022 messaging.
Submit payment obligations via API throughout the settlement window
Multilateral positions calculated across all corridor participants
FX rates determined via institutional oracle at window close
Net positions settled — 91.2% average compression observed across testnet corridors
Purpose-built settlement chain with 11 consensus-level precompiles — not a generic blockchain deployment.
Patent-pending multilateral netting with O(n) complexity. Per-corridor, cross-corridor, and bilateral netting with residual carry-forward.
Pedersen commitments for homomorphic netting on encrypted values. AES-256-SIV metadata encryption. Bulletproofs range proofs. Tiered view keys with on-chain delegation.
ML-DSA (FIPS 204) digital signatures via cloudflare/circl. Deployed on testnet — not simulated. Hybrid Dilithium+ECDSA available.
Per-corridor RBAC with 6-level role hierarchy. All six Settlement Computer products coexist on one chain with isolated corridor configurations.
Native CBPR+ support. AI-powered translation engine converts legacy and mobile money formats to ISO 20022 pacs.008 settlement instructions.
The Settlement Computer coordinates settlement instructions but never holds funds or acts as principal. All regulated activities remain with licensed partners.
Our team brings over 20 years of experience building mission-critical systems at Tier-1 financial institutions. We understand what it takes to build infrastructure that treasury teams can trust.
FiatRails operates as a technology service provider — never holding fiat, never custodying funds, enabling licensed partners to perform all regulated activities.
Now onboarding regulated institutions for our 2026 pilot programme across Africa, Middle East, and Asia corridors. Active regulatory engagement with central bank authorities.