Dirk Bullmann (CLS) and Keith Bear (Cambridge) debunk the most persistent myths in FX settlement, revealing why "atomic" doesn't always mean efficient and why instant settlement can actually create a liquidity paradox.

Project Meridian FX demonstrates how a neutral "synchronization operator" can orchestrate atomic, cross-border payments between diverse ledgers, providing a practical and faster alternative to wholesale CBDCs for wholesale FX settlement.

FNA examines how the regulatory validation of the GENIUS Act has shifted stablecoins into the mainstream, creating a "liquidity puzzle" for banks where atomic settlement and 24/7 payment flows necessitate advanced liquidity intelligence to manage fragmented cash pools and rising operational costs.

FNA’s Carlos León contributes to the World Economic Forum’s latest Insight Report, addressing the critical liquidity demands and risks of transitioning to wholesale CBDCs and atomic settlement.

While "atomic settlement" promises instantaneous and simultaneous asset transfers, it creates unsustainable liquidity costs for financial institutions in a positive interest rate environment. By deploying smart algorithms to group individual trades into efficient "molecules," institutions can achieve near-instant settlement without sacrificing critical liquidity savings.

FNA’s Chief Data Scientist Samantha Cook introduces Payment Threading: a patented solution that uses network community detection to multiply payment system capacity without requiring a total architectural overhaul.