Murex, Quant Network bring tokenised assets to core markets

Murex  has partnered with Quant Network to embed tokenised deposits and digital bond settlement capabilities into core capital markets systems, reflecting a broader industry shift from experimentation to production-scale deployment of digital assets.

The collaboration integrates Quant’s programmable money infrastructure with Murex’s MX.3 platform, enabling banks and capital markets firms to issue, settle, and manage tokenised instruments within existing trading, risk, and post-trade workflows. The approach is designed to eliminate the need for parallel infrastructure, a key barrier that has historically slowed institutional adoption of tokenisation.

The timing of the partnership aligns with accelerating momentum in tokenised real-world assets, which have surpassed the USD 100 billion mark. Market infrastructure providers and asset managers are increasingly moving beyond pilot phases. The Depository Trust & Clearing Corporation (DTCC), for example, has secured regulatory approval from the U.S. Securities and Exchange Commission to begin tokenising real-world assets from mid-2026, while firms such as BlackRock, Franklin Templeton, and JPMorgan Chase have already launched tokenised fund offerings. Meanwhile, the New York Stock Exchange is exploring blockchain-based infrastructure to support continuous trading of tokenised securities.

Against this backdrop, the primary challenge for financial institutions has shifted from validating the concept of tokenisation to operationalising it within legacy systems. Integrating digital asset capabilities into established environments—spanning trading desks, risk engines, collateral management, and regulatory reporting—without disrupting existing controls remains a critical hurdle.

Through the integration, Murex clients gain access to tokenised deposit and digital bond issuance capabilities built on Quant’s Flow and Overledger platforms. These enable programmability, interoperability across public and private blockchains, and cross-rail payment orchestration within a single integration layer.

The combined offering focuses on embedding digital asset functionality directly into existing operational frameworks. Tokenised asset workflows are executed within MX.3’s infrastructure, allowing institutions to manage trading, risk, and reporting processes without manual reconciliation or system duplication. Smart contract functionality further supports automated corporate actions, conditional payments, and complex settlement sequences while maintaining compliance controls.

The solution also incorporates regulatory and operational safeguards, including audit trails, privacy controls, and jurisdiction-specific compliance requirements such as transaction limits and KYC checks. In addition, a custody-agnostic framework allows institutions to connect with multiple custodians and wallet providers through standardised interfaces.

Strategically, the partnership underscores a shift in how financial institutions are approaching digital asset adoption—prioritising integration over replacement. As tokenisation scales, vendors that can bridge legacy infrastructure with blockchain-based systems are likely to play a central role in shaping the next phase of capital markets modernisation.