01 · The mechanism
The Digital Dutch Auction engine
Real-time price discovery through competitive bidding. Investors bid the rate they will accept, and the book rather than a bilateral negotiation sets the outcome.
The book fills from the lowest rate upward until the issue is covered. The last accepted rate becomes the clearing rate, bids above it are not filled, and every fill prices at the clearing rate.
Applied consistently
The same auction runs across floating rate structures, commercial paper and market trading, so participants learn one mechanism.
Recorded end to end
Bids, revisions and allocations are written to an audit trail that returns to participants with the fill.
Used for resets
Recurring rate resets run through the same engine, so a reset is priced by competitive bidding rather than set through a process participants cannot see.
02 · Platform demo
A quick look at the platform in action
The auction, the bid book and lifecycle management as market participants see them.
03 · Capabilities
What the platform does
04 · Transaction lifecycle
One continuous flow, from setup to secondary
Document repository
Bond counsel, rating agencies, investment banks, multilateral banks and regulated local partners finalize transaction documents and upload them to the platform.
Issuance setup
Terms published, participants onboarded, the auction window defined and disclosed.
Digital Dutch Auction
Competitive bids compete in a single book and the clearing rate is established.
Settlement
Results published with the audit trail, settlement through partner infrastructure.
Lifecycle and secondary
Resets, remarketing and secondary trading once the security is live.
Contact
See the platform properly
The team runs walkthroughs for issuers, investors, banks and liquidity providers. Institutional investors can onboard as subscribers and participate in upcoming auctions, free of cost.