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Katallassos launches a standard framework for decentralized derivatives

Tony Zerucha



Katallassos, a derivatives-focused standard framework for originating and issuing financial instruments and services was today announced as the flagship product of Trinkler Software.

The Katallassos project builds on top of the ACTUS standard, a modeling paradigm in which standardized Contract Types (CTs) are the granular building blocks of the financial world.  ACTUS aims to raise this standardization to a universal and global level.  Katallassos focuses on derivatives as they are the largest class of financial products in the world with an estimated global market value between $544 trillion to $1.2 quadrillion.

Trinkler Software was founded by Reto Trinkler. Mr. Trinkler co-founded Melonport, an asset management computer, and sits on the board of the Web3 Foundation. He was selected to Forbes’ 30 under 30 in 2018.

Derivatives are financial contracts between two or more parties that derives their  value based upon an underlying financial asset, set of assets, or entity.  These underlying instruments can be anything from securities to commodities to stocks to interest rates and the derivative contract can represent anything from futures contracts, stock options, forward contracts, swaps, and more.

Currently, in the centralized banking world, derivative financial instruments are handled by custodians and executed in a centralized setting, requiring inherent trust of the party or institution facilitating the contract. The option of decentralized and non-custodial execution of derivatives within the context of a standard on a blockchain network has clear and concise advantages for all parties involved in the transaction, including:

• Access to any financial service from a single account;

• No waiting time for bank transfers between accounts and brokerages or exchanges;

• The automated execution of financial contracts; and

• A continuous real-time synchronized single golden source of truth for all secondary market analytics and reporting. 

This means the next housing bubble could be prevented due to better macro economic oversight, organizers believe.

The Katallassos project will be a community-based initiative that will integrate with many existing blockchain applications and projects as well as traditional banking infrastructure to truly leverage the perfect functionality of blockchain for derivatives. For developers, Katallassos will handle everything on the backend while enabling access to a full suite of financial products, services, and users that are integrated with the system and interact using the universal ACTUS standard.

“Our goal with Katallassos is to create a specialized blockchain that will act like a bridge between the traditional financial system and the decentralized world, allowing them to easily interact with one another,” Mr. Trinkler said. “To do this we are taking a tried and true financial contract classification standard and are creating tooling for it as well as a decentralized execution environment around it.”

The name ‘Katallassos’ is derived from the word ‘catallactics’, a term first coined by Austrian Economist Ludwig Von Mises. It is an economic theory that quantifies the scope of economics using human action as a metric for measuring an economy’s state. The greater the amount of action or participation, the healthier the state of the economy. Trinkler Software chose to build tools for a catallactic society to help contribute to a healthier economy.


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Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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