Symphony partners with Digital Asset to tackle inefficiencies in the syndicated loans market
New partnership will generate efficiency and remove manual processes in the broadly syndicated loans (BSL) market
February 15, 2022
Symphony - the leading markets’ infrastructure and technology platform - is partnering with Digital Asset - a software and services provider that helps enterprises build economic value through interconnected networks - to generate efficiency and remove manual processes in the broadly syndicated loans (BSL) market.
Symphony and Digital Asset will create straight through processing (STP) workflows aimed at tackling information mismatch, trade breaks, human errors and the lack of appropriate collaboration tools in the syndicated loans space.
Historically, the broadly syndicated loans market has lagged behind other fixed income markets in technical development and innovation. Through this partnership, Symphony and Digital Asset will enable the digitalization of the loans market and foster interoperability between its participants and platforms.
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