As tokenized real-world assets officially cross the $100billion mark, financial technology provider Murex has forged a strategic partnership with programmable money platform Quant.
The collaboration integrates Quant’s infrastructure into Murex’s widely used MX.3 platform, bringing institutional-grade digital asset capabilities directly into core trading, risk, and post-trade global capital markets workflows.
Operationalizing the digital shift
Tokenization has moved well beyond the proof-of-concept phase. Major institutions like BlackRock, Franklin Templeton, and JPMorgan are actively deploying live tokenized funds, the New York Stock Exchange is developing a blockchain-based venue for trading tokenized securities, and a consortium of six major UK banks is already piloting tokenized sterling deposits on Quant infrastructure.
However, the primary challenge for institutions has been connecting these new digital capabilities to existing capital markets operations, trading desks, risk engines, and collateral management without entirely replacing the legacy systems that already work.
This new partnership directly addresses that operational gap. Banks and capital markets firms will now be able to issue, settle, and manage tokenized deposits and digital bonds within systems that are already operational, eliminating the need to build costly parallel infrastructure.
Industry perspectives
Gilbert Verdian, founder and CEO of Quant, highlighted the reality facing modern financial institutions.
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“Banks and capital markets firms know tokenization is happening,” Verdian stated.
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“The question they are working through is how to operationalize it without compromising the risk management, compliance and operational resilience they have spent decades building.”
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He added that by integrating their programmable money infrastructure with MX.3, Quant is giving firms a clear path forward, emphasizing: “The next generation of capital markets infrastructure will not replace what works. It will make what works programmable.”
Solène Khy, Murex head of FX, equities, commodities, and digital assets, echoed this sentiment, noting that tokenization is rapidly moving into mainstream finance as major institutions launch real-world deployments.
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“This partnership enables clients to integrate these new capabilities into existing capital markets systems without overhauling their infrastructure, with a comprehensive coverage across both TradFi and DeFi, and providing flexibility in their choice of custody systems,” Khy explained.
Overcoming barriers to institutional adoption
Through the integration, Murex clients gain access to capabilities built on Quant’s Flow and Overledger platforms, successfully addressing several historical hurdles that have slowed institutional digital asset adoption:
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Universal interoperability: Quant’s Overledger enables the MX.3 platform to interact with multiple public and private blockchain protocols simultaneously through a single integration layer.
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Operational integration: Digital asset operations run seamlessly within MX.3’s existing workflows for trading, risk management, position keeping, and regulatory reporting, stripping away the need for manual reconciliation and parallel systems.
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Programmable logic: Smart contract functionality allows for automated corporate actions, conditional payments, and complex settlement sequences while maintaining strict institutional controls and compliance requirements.
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Regulatory readiness: Full audit trails, privacy controls, and jurisdiction-specific requirements—such as transaction limits and KYC checks—are deeply embedded within the tokenized asset life cycle.
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Custody agnostic: Institutions retain complete flexibility over their custody arrangements, utilizing standardized interfaces that support multiple custodians and wallet providers.
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