Case Study: agora transforms fixed income markets with R3’s Corda

Transforming the fixed income markets with Corda

agora partnered with R3 to transform fixed income market communications, where much of the process still relied on voice, email, and chat rooms. These manual, disconnected workflows created delays, transcription errors, high reconciliation costs, and added operational risk across syndicated bond and structured products transactions.

Using R3’s Corda platform, agora built Syndicated Bond and Structured Products applications that create a single version of the truth across counterparties, automate lifecycle events with smart contracts, and synchronize key information. The result was more than three hours saved per syndicate manager each week, a 93% reduction in time spent on indications, about $15,000 in annual savings per syndicate team member, and lower operational overhead for investment banks and treasury teams.

agora