UK fintech Tokenovate has launched the Novat, a new programmable settlement protocol for tokenised assets. The solution is designed to streamline post-trade operations, unlock liquidity, and reduce systemic risk in global capital markets. It addresses the fragmentation and reconciliation delays common in legacy workflows, which are under increasing pressure from the shift to T+1 settlement timelines.
The Novat Protocol tokenises the act of settlement itself, enabling the synchronised movement of assets and cash with automation and legal finality. By combining programmability with standardisation, the protocol aligns data, logic, and the legal record within one layer. This facilitates instant, atomic, and legally final settlement without altering existing custodial arrangements or market infrastructure.
The protocol is powered by the FINOS Common Domain Model (CDM), an industry data standard. This ensures that all on-chain actions reflect clearly defined contractual obligations, transforming market standards into executable logic for deterministic and transparent settlement.
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