FinP2P Specifications
The Genesis of FinP2P
On the 26th of May 2020, an industry group, the Private Markets Digitization Steering Group, which was formed under the umbrella of GDF, came together with the purpose of tokenizing financial markets. The group included leading financial institutions, market infrastructure players, major technology companies, Fintech startups and regulation experts.
The principal output of the session was to work together towards the launch of an institutional digital securities network.
The group then created 4 work streams:
About FinP2P
FinP2P is a proposal for a digital security network specification, which would be:
Open to all regulated institutions
Multi-vendor
Ledger agnostic
Open Interfaces
The specifications for FinP2P will be driven mainly by members of the Technology work stream, but are public and transparent to the industry. The plan is for these specifications to be open-sourced, so that every market participant across the value chain, can develop and deploy technology utilizing these specification, to form a global, institutional digital securities network.
We encourage all stake holders and contributors to review the specifications, and participate in the discussion.
To comment, you can:
Sign-in to become a contributor.
Comment using the Anonymous commenting option, but if you do so, please sign your comment with your name and organization.
Status Update
March 2021: The FinP2P community have completed its first PoC stage, integrating FinP2P Routers with 10 different technologies, a short video of the PoC event can be seen here:
March 2022: The FinP2P community has completed adding support for secondary trading.
November 2022: The FinP2P community has completed adding support for lending and borrowing.
April 2023: Support for custody as a service to FinP2P users was added
October 2023: The first live MMF transactions utilizing the FinP2P protocol were conducted
February 2024: An end to end model for utilizing FinP2P for Intraday Repo was presented
July 2024: The model for Execution plans was introduced to the protocol
July 2024: The model custody as a service was upgraded successfully
Next milestones: Scalable deployments (beyond initial trials) of Repo, MMFs and Real Estate use cases are expected on Q4/2024 and Q1/2025
To start reviewing, please go to: https://finp2p.atlassian.net/wiki/spaces/FINP2P/pages/1540554
Terms of use:
The GDF Private Markets Digitisation Steering Group makes the FinP2P protocol specifications included in this website freely available to all users on the terms of the CC0 Public Domain Dedication of the Creative Commons.
