M10 – Fast, Secure Digital Currency Platform
The cloud-based digital native currency platform
M10 is delivered to banks as a cloud-based service and includes shared ledgers, and other shared services such as directory service, FX service, compliance tools and more. Combined, they offer:
- Tokenization of regulated liabilities
- Instant transfer and settlement of TRLs
- Programming of TRL payments
- Compliance with existing rules and regulations
The M10 ecosystem
- Operator
Runs and operates the M10 network in a country, or region.
- Issuer
The regulated financial institution issuing digital currency in the form of TRLs to its customers.
- Sponsor
Onboards banks and hold collaterals backing the Tokenized Regulated Liabilities.
- FX Provider
Provides FX for the Issuers. Brings liquidity in multiple currencies.
Retail remittances
Guest worker in Country A sends money home to the family in Country B
International trade finance
Importer in Country A pays exporter in Country B
Cross-border disbursements
Ride sharing company pays out compensation to drivers in multiple countries
Cross-border merchant payment processing
E-commerce site in Country A processes payments from a customer who is located in Country B
- DvP/PvP
Guaranteed transfer of securities (DvP), or currency (PvP) at the time of payment
- Treasury management
Corporate treasurer managing the company’s cash
- dApps
Decentralized apps – applications without an intermediary such as a bank
For central banks the use cases include:
-
RTGS modernization
Efficient operations of a country’s RTGS
-
CBDC (wholesale and retail)
Central Bank Digital Currency for use by retail customers and banks for inter-bank settlement.