List of Baton CORE Blockchain Customers
Fremont, 94538, CA,
United States
Since 2010, our global team of researchers has been studying Baton CORE Blockchain customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased Baton CORE Blockchain for Blockchain Platform from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using Baton CORE Blockchain for Blockchain Platform include: Wells Fargo, a United States based Banking and Financial Services organisation with 205198 employees and revenues of $83.70 billion, J.P. Morgan, a United States based Banking and Financial Services organisation with 4649 employees and revenues of $6.19 billion, HSBC, a United Kingdom based Banking and Financial Services organisation with 5836 employees and revenues of $4.95 billion and many others.
Contact us if you need a completed and verified list of companies using Baton CORE Blockchain, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
The Baton CORE Blockchain customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight | Insight Source |
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HSBC | Banking and Financial Services | 5836 | $5.0B | United Kingdom | Baton Systems | Baton CORE Blockchain | Blockchain Platform | 2018 | n/a | In 2018, HSBC deployed Baton CORE Blockchain, a Blockchain Platform, as part of its FX Everywhere initiative. Baton CORE Blockchain was used to net and settle matched foreign exchange transactions on a payment versus payment basis within HSBC's treasury and FX operations. The implementation leveraged the vendor's Core FX capability to enable multilateral netting across currencies and to centralize PvP settlement workflows, supporting matched trade netting and settlement orchestration. Public sources indicate Baton CORE Blockchain supported very large volumes, processing millions of trades and trillions in notional, and the deployment expanded to additional currency coverage over time, including CNH. Operational coverage focused on global treasury and FX business functions, aligning front office trade matching with back office settlement processes. The Baton CORE Blockchain instance was integrated into HSBC's FX processing chain to coordinate multilateral netting across counterparties and currencies, reducing settlement risk through synchronized payment versus payment settlement. Governance and rollout followed an initiative level approach under FX Everywhere with iterative currency expansions and centralized netting controls. Public reporting since 2018 documents the platform's use at scale and its role in reducing settlement risk and enabling multilateral netting across currencies. | |
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J.P. Morgan | Banking and Financial Services | 4649 | $6.2B | United States | Baton Systems | Baton CORE Blockchain | Blockchain Platform | 2019 | n/a | In 2019, J.P. Morgan partnered with Baton Systems to implement Baton CORE Blockchain, a Blockchain Platform, to develop near real time orchestration for cash and collateral movements. The engagement targeted cleared derivatives collateral workflows and was scoped to support finance and collateral functions within the firm. Baton CORE Blockchain was configured to manage margin and collateral movements and to orchestrate cash flows and collateral posting workflows tied to cleared derivatives. Implemented functional capabilities emphasized intraday visibility, automated event handling for margin movements, and centralized collateral lifecycle coordination across processing stages. The program included an integration with LCH that was publicly announced in 2021, making J.P. Morgan the first Baton client to manage collateral at LCH using Baton CORE. Operational coverage extended to collateral across central counterparties, enabling consolidated orchestration and coordination of margin and collateral movements across CCPs. Governance and process changes aligned treasury, collateral operations, and clearing teams around automated intraday updates and exception handling, with revised operational workflows to support the orchestration layer. Outcomes explicitly reported included increased intraday visibility and automation for margin and collateral movements across CCPs. | |
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Wells Fargo | Banking and Financial Services | 205198 | $83.7B | United States | Baton Systems | Baton CORE Blockchain | Blockchain Platform | 2021 | n/a | In 2021, Wells Fargo & Company implemented Baton CORE Blockchain, a Blockchain Platform, to operate a bilateral DLT-based FX settlement ledger with HSBC. The shared ledger launched in December 2021 and was established to support payment versus payment settlements across multiple currencies for treasury and FX operations, United States and global in scope. Baton CORE Blockchain was configured to provide a permissioned distributed ledger with PvP settlement workflows and multi-currency settlement capability, delivering deterministic settlement finality and on‑ledger settlement instructions for bilateral FX flows. The implementation emphasized ledger-level transaction orchestration and atomic settlement patterns consistent with Blockchain Platform capabilities for financial markets. Operationally the deployment ran as a bilateral shared ledger between Wells Fargo and HSBC, integrating counterparty settlement processes and treasury/FX operations rather than connecting to additional public networks. The solution centralized cross-border FX settlement activity for the participating banks on the Baton CORE Blockchain ledger, preserving a shared transaction history and reconciled state for matched FX trades. Governance was structured around the two-bank shared ledger model, with joint operational controls and reconciled settlement workflows to reduce Herstatt settlement risk for cross-border FX. By late 2022 the two banks reported settling over US$200 billion via the DLT solution, reflecting the ledger activity and settlement throughput recorded on the Baton CORE Blockchain platform. |
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