MACH CSD

MACH | Informational Brochure 1

MACH Vision

2

MACH | The Vision Broker Dealers

1. One post-trade “Sell Side” ledger, all assets, globally Eq

2. Conventional, Digital and Tokenised assets on one ledger

Client Lifecycle Management

3. Atomic settlement using many digital cash-on-chain forms

Funding & Liquidity

4. Slice and dice ledger by legal role (UBO, Beneficial Owner)

Fi

FX

SRP

Buy Side Derivs

Other

Digital Identity Real time trade/positions

Execution

5. Provider of real-time Funding and Liquidity data

Issuance

Asset Creation, Issuance, Primary Allocation & Tokenisation

Post-Trade

Traded, Settled and Actual real-time positions

6. Enabler of digital asset new revenues i.

New products (e.g. Pan European issuance)

ii.

Fractionalisation accessing new liquidity pools

iii.

Data commercialisation

Issuer & Position Data Commercialisation

7. Larger, more mobile collateral pools working 24/7 8. OPEX reduction of ~50%

Securities Services

Asset Servicing (inc Proxy Voting)

Liquidity Provision (Settlement Bank)

Asset Safekeeping

Buy Side Custody Services

Settlement Optimisation

9. Change spend avoidance of ~50%

10. User-driven product governance & commercial model

CSD

11. Independently operated & regulated

All asset classes Global

Settlement Finality Investor CSD Issuer CSD

One Real Time Sell Side Ledger Key:

MACH product vision

Central Bank Money & RTGS Out of scope 3

Central Counterparty (CCP)

Collateral Management and Financing

Buy Side Repo and Collateral Services

I N T E R O P

Other Legacy Ledgers Private permissioned and Public Blockchains Digital Cash: Deposit Tokens, Stablecoin,

CBDC

MACH | The technology components Mach technology comprises six core components that target the cost savings, capital reductions and new revenue opportunities of digital assets Market View 1. Tokenised assets are $87bn today. BCG

2. There are $584bn of digital assets under

3. Existing EU law and regulation supports digital assets and digital market infrastructures

1. DLT enables a more resilient infrastructure

Issue, transfer & custody of all assets

estimates they will rise to $11 trillion by 2030

custody (Statista, Oct 2024)

Technology View

Assign

2. Increased cyber protection, data protection and permissioning

Pass

Tokenise

De-centralised digital passports

Mint, transfer lock & burn

4. Settlement efficiency is falling whilst costs are

issuance, settlement, collateral and safekeeping 6. DLT has matured and platforms are now being delivered into production 7. DLT offers solutions for collateral mobilisation,

real-time settlement and fractionalisation that positively impact cost, revenue and capital 4

chain of custody (UBO, Beneficial Owner etc) 4. Improved latency of information, regulatory oversight and corporate governance for issues

rising

5. End investors remain sensitive to costs for

3. New ledger structure increases transparency of

(SRDll)

Bridge

Optimise

Links legacy and DLT ledgers via API, ISO and DLT nodes

Multi-lateral netting of settlements

Ledger Conventional, digital and tokenised assets on one ledger

5. Structure compliant with PFMI Principles 6. Interoperable ecosystem – MACH supports ISO messaging, API, public and private DLT networks

Product Development Roadmap Product

Due Date

Digital Securities Sandbox

Q2 2025

DSD settling digital securities vs. on-chain cash

Structured Products

Q4 2025

46% to 61% reduction of settlement fees

Environmental Credits

Q3 2025

Sovereign settlement, custody and registry

Ledger

Optimise

Assign

Tokenise

Bridge

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

Collateral Mobilisation POC

Q4 2025

✓

✓

✓

✓

✓

CSD implementation

H2 2025

✓

✓

✓

✓

✓

Digital Identity Passport Utility POC

Q4 2025

✓

✓

✓

Multi-entity sharing of common digital identities

Asia PAC: New entrant CSD

2026

Settlement Optimisation

2026

30% to 70% reduction in EU settlement fees

5

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

Pass

✓

✓

The CSD Vision Context

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MACH | The CSD product Mach CSD is the first product based on the Mach technology components. It has combined five of the six technology components: Assign Issue, transfer & custody of all assets

Pass

Tokenise

De-centralised digital passports

Mint, transfer lock & burn

Bridge

Optimise

Links legacy and DLT ledgers via API, ISO and DLT nodes

Multi-lateral netting of settlements

Ledger Conventional, digital and tokenised assets on one ledger

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MACH | The CSD Vision

New Revenue Streams •

Digital Assets: Enables new digital product offerings utilising existing law and regulation

•

Fractionalisation: Creates new markets, enhances participation and liquidity

•

Tokenisation: Streamlines the issuance, transfer and flexible use of assets

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Reduced Costs •

Settlement: Reduced post-trade fees

•

Issuance: Faster time-to-market, fewer intermediaries

•

Operations: Increased automation and accuracy. Reduced effort and FTE

Reduced Capital Requirements •

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Atomic Settlement: Facilitates instant settlement, liberating capital held against operational and counterparty risks

01 CSD Vision

Interoperability •

Existing Tech: Integrates with SWIFT and Target2. Uses API

•

New Tech: Interoperates with private and public DLTs

•

Controlled Migrations: Supports conventional, tokenised, and digital assets, ensuring a risk managed transition to new technologies

•

Single Ledger: Supports conventional, tokenised and digital assets on one ledger

•

Data Lineage: Maintains high throughput and low latency, ensuring efficient data processing and tracking, supporting Data Management

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04

06

Security & Reg Compliance •

Cryptographic Security: The MACH ledger uses elliptic-curve cryptography to generate key pairs using 256-bit keys.

•

Regulatory Compliance and Reporting: Adheres to regulatory standards and provides comprehensive reporting

05 Cloud •

Platform Scalability and Resilience: Tested to 10,000 operations per second.

System resilience through multiple availability zones

•

Infrastructure Costs: Utilises cloud infrastructure, minimising physical infrastructure and maintenance costs

MACH | CSD Overview Issuance • All security transactions match against the total number of securities in circulation (i.e. match positions in circulation to investors’ accounts) • Ensure intra-day + EOD integrity

An overview of end-to-end CSD functionality

• Match upon receipt of a successfully validated delivery or receipt instruction and facilitate the process to compare trade details of the sell and buy • Position all securities have sufficient cash assigned for settlement to take place • Settlement: facilitate the end-to-end lifecycle of a transaction, using T2S for all settlement, in Central Bank Money (CeBM):

CSD

•

•

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• In case of delivery/receive versus payment transactions, the corresponding cash amount must be transferred as well between the participants • Generate cash instructions • Process confirmations

Custody • Maintain the overall position of all instruments issued in the market of origin • Maintain the overall account structures to finalise settlement

Account Management Maintain and administrate all financial instruments in a book entry system Open and maintain accounts for CSD participants (as well as end-investors) on which balances are recorded in books and records for all securities transactions Manage corporate actions and income events related to securities deposited in books and provide the necessary tax services

• Capture instructions • Lifecycle management: identify instruction type and define end to end lifecycle + process • Validate instructions: check that data is complete, accurate and in the correct format • Enrich instructions as required

Cash Management

Securities Settlement

•

Instruction Management

Asset Servicing Data Management •

•

Ensure that all data related to securities transactions, holdings, and settlements are accurate, consistent, and up-to-date across all systems and processes.

Implement robust security measures to protect sensitive financial data and ensures compliance with regulatory requirements and industry standards.

• • • • •

Comprehensive new issue services Timely and accurate income and redemption payments Proactive tax services for both relief at source and reclaims Efficient corporate action notification and processing Lifecycle messaging for income and corporate actions

Business Architecture and Message Flows Background

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MACH CSD | Business Architecture API’s provide read/write functionality and connect; the trading venue, SWIFT, and participants to the platform.

See MACH Blockchain slide for more information.

MACH features its own proprietary private permissioned blockchain that is built for scalability and performance and conducts frequent reconciliation checks against any external DLTs. The MACH chain can also store metadata required for regulatory and legal adherence

Assign

DLTs

See LMS slide for more information.

APIs

LMS

Tokenise

Assign ensures tokens are assigned the correct information to ensure regulatory adherence and enable token management

Reach out to book a demo of the platform GUI and functionality.

See Workflow Engine slide for more information.

GUI

Workflow

Bridge

Ledger

The GUI provides the ability to monitor LMS, see errors and platform procedures, enforce 4-eyes checks and other admin activities such as user and participant management.

The workflow engine drives the settlement process and ensures adherence with regulatory and legal requirements.

Bridge provides interoperability between DLTs to perform DLT operations

Ledger provides a single source of truth for traditional, tokenised and native digital assets. It provides the foundation for future-proof process handling.

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The Liquidity Management System (LMS) ensures alignment with Target2 and tracks participant thresholds.

See MACH Bridge section for more information.

SWIFT

Errors

SWIFT messages are sent to participants, including MT54’s, MT56’s, MT53’s, MT900, camt.054, pain.998.

Notifications inform users of errors.

The MACH platform includes exceptions management screens and a ‘Camunda cockpit’ to view and manage errors on the platform.

See Apache Kafka slide for more information on connectivity between system components.

Tokenise facilitates the tokenisation of traditional assets and can create native digital assets on private and public networks.

Optimise Optimise facilitates settlement finality, including netting of transactions.

Message Flows | Settlement Transaction (EU)

KEY:

Settlement Bank

▪ Send and receive settlement and event messages via: ▪ SWIFT network ▪ API ▪ SFTP ▪ ISO20022 standard only

▪ Settlement instructions recorded in wallet stored on CSD Participant account ▪ CSD checks wallet to ensure there is sufficient securities/cash to settle the transaction ▪ Settlement and event status messages update transaction status in participant’s wallet ▪ On settlement, wallet balances updated to reflect settlement of securities and cash

(DCP or ICP)

Issuer/Investor CSD

Issuer CSDs

SWIFT Gateway

Transaction Management

DC Connect Node allows participants to access data and manage transactions removing the need to utilise external message networks to send / receive transaction/event messages

MT540X ISO20022

ICP Mode

ICP Mode

Image result for Target2 securities

Montis

ICP Mode

Proxy Voting Service Provider enables STP proxy voting via its proprietary GUI or API

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MT540X ISO20022

Liquidity Management System

MT940/950 ISO20022

CSD GUI

▪ T2S receive and match settlement instructions and report status to CSD ▪ On Intended Settlement Date T2S transmits settlement status messages (confirmation / fail) to CSD ▪ All messages sent via SWIFT using ISO20022 standard

MT56X ISO20022

ICP Mode

PROXY VOTING GUI

St atus/notifi cation/advi ce messages

Optimisation Engine

MT54X ISO20022

DCP Mode

Participant wallet

Pain.998 ISO20022

Message Management

CSD Service Users

Instructi on messages

T2 cash settlement instruction and confirmation messages to facilitate risk management for Settlement Banks

Outbound / Inbound MT message types Swift Status / Confirmations / Cash settlement

MT202/210 ISO20022

DC Connect Node

MT540X ISO20022

MT940/950 Statements

DCP Mode Other

Swift Instruct & status – MT103X ISO 20022

MT56X ISO20022

ICP Mode

Proxy Voting Service Provider

Asset Service Provider

CSD

CSD

MT56X ISO20022 Asset Servicing Provider sends and receives corporate event messages via SWIFT using ISO20022 standard

DCP Mode

Message Flows | Asset Servicing PRE-EVENT 1

Issuer CSD sends corporate event notification (MT564) to CSD

2

CSD identifies all accounts with holdings in underlying security

3

CSD sends corporate event notification (MT564) to CSD participants

4

CSD participants identify all clients holding position and send corporate event notification (MT 564) to clients

Example asset servicing flow for a mandatory event 11

CSD Participant Cash Correspondent Bank

MT5202 MT2310

MT5202 MT2310

9

Issuer CSD Participant Cash Correspondent Bank

CSD Cash Correspondent Bank

MT5202

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POST-EVENT (SECURITIES)

4 MT564

CSD Participants

Message Management

Clients

Issuer CSDs

Issuer A

MT566

Issuer B MT566 456

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Issuer C

MT566

2

Issuer A

6

CSD updates all holdings in all accounts n participants’ wallet

MT564

MT566

MT566

Issuer B

7

CSD sends corporate event confirmation (MT566) to participants

8

5

Issuer C

Participants update custody records and send corporate event confirmation to clients

1

SWIFT Gateway

MT564

Clients

MT564

Corporate Event Workflow

Transaction Management

DEF

MT564

123

Issuer CSD sends corporate event confirmation (MT566) to CSD

3

MT566 ABC

5

Issuer/Investor CSD

6

MT564

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POST-EVENT (CASH) NB: Cash and securities fractions will be handled in accordance with CSD rule books.

DC Connect Node 13

KEY:

Participant wallet

Participant Holdings at individual account level

Cash entitlement settlement messages Instruction messages Status/notification/advice messages

Participant Accounts at jurisdictional level

Proxy Voting Service Provider

Asset Service Provider

CSD

CSD

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For cash events issuer CSD pays cash entitlement to CSD

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CSD pays cash entitlement to participants at omnibus account level

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Participants distribute cash to underlying clients

Technology Architecture Overview

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MACH CSD | Architecture

Layer 1 Business Logic

Settlement

Custody Workflow Engine

MACH CSD is built on a robust three-tier architecture designed to enhance efficiency, security, and scalability.

Asset Servicing Business Logic

LMS

Layer 1: Business Logic •

Workflow Engine: Manages business logic and workflows with intelligence developed to support financial services, including the securities settlement system, asset lifecycles, user permissions, unhappy paths, and approval processes.

•

Liquidity Management System (LMS): Enables efficient reserve asset and risk management.

Facilitates the processing of SWIFT messages, confirmations of matched buy and sell orders, validation checks, near real-time transfer of assets, and alignment with T2 using SWIFT messaging.

•

Securities Settlement System: Ensures the transfer of securities and funds between parties after a trade is executed. MACH's SSS mitigates settlement, and counterparty risks and ensures timely and accurate settlement of transactions.

•

Business Logic: Supports complex financial operations and integrations, including issuer registration and wallet opening for the accounting and storage of tokenised bonds, broker registration and wallet management, and the issuance and validation of bonds.

Layer 2 Identity & Authentication

Software Developer Kit

Multi-ledger Wallet Permissions

Layer 3 Core Cryptographic Ledger Primitives

Permissioning

Transactions

Events

Synchronisation

Interoperability

Wallet Node

Core Blockchain Immutable Cryptographic Record

Event Streaming Management

3 Tier Architecture 1.

The Business Logic layer enables business logic and workflows to be implemented, with intelligence developed to support financial services workflows

2.

Layer 2, Identity and Authentication, authenticates and manages interaction with the core blockchain, users and reference/static data (e.g. instrument lists)

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Layer 3, Core Cryptographic Ledger Primitives, consists of the core blockchain solution

3.

Layer 2: Identity and Authentication •

Transactions: Manages and processes transactions efficiently, ensuring all transactions are executed and recorded accurately.

•

Multi-Ledger Wallet: Supports synchronisation and interoperability across multiple ledgers, including omnibus wallets for broker’s clients.

•

Synchronisation: Ensures data consistency across systems.

•

Interoperability: Seamlessly integrates with existing financial systems and infrastructures, supporting both traditional and digital assets.

Layer 3: Core Cryptographic Record Operations •

Cost Reductions: Lays the foundations for internal operational and technical re-engineering.

•

Promote innovation and competition: Help solve current challenges presented by existing market incumbents.

•

Independent and user-focused market community: Guided by market participants to shape, create and implement new products.

•

Supporting Asset Classes: Deploy a technology solution that allows for traditional assets to be supported more efficiently and create the foundation for new digital / tokenised solutions

MACH CSD | Technology Architecture Participants & Administrators

GUI

Trading Venue

SWIFT Bureau

Participant Systems

Trading Venue API

SWIFT Connector

MACH Smart Connect

Unified API

•

Exception Management & Fails Reports

Workflow Engine

Manages business workflows, Liquidity Management System, and coordinates business processes

•

•

View and fix workflow state

Workflow Administration

Member credentials, permissions, accounts, and other info

• Securities & Cash • Data Store

Member Data Store

Securities definitions and other ref data.

Securities holdings cache for faster queries

Participant Wallet

•

• • Workflow Data Store

Workflow reference, state, and error data

Reporting Chain (MACH sub-chain)

•

Single bridge between application and all DLTs

•

Locking information and address translation tables

Bridge

Bridge Data Store KMS

• 16

KMS used for encrypting and decrypting private keys

Stand-alone tool

Ethereum

Hedera

Algorand

MACH Chain

MACH Block Explorer

•

View real-time block creations and block information. Comparable to Etherscan for Ethereum

A participant wallet is a logical construct that enables each participant to view their security holdings and transaction history across DLTs. Each participant can use this concept to view security holdings, transaction history and eventually other information – for example, funding details.

MACH CSD | User Permissions

Screens

Users

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Issuance Team

IPA

Custodian

Settlement Bank

Securities Creation

Read/ Write

No Access

Read

No Access

Securities Holdings

No Access

Read

Read

Read

Primary Issuance

Read/ Write

No Access

No Access

No Access

Distribution (Allegement)

No Access

No Access

Read/ Write

No Access

Settlement List

Read

Read

Read

No Access

Messages (SWIFT)

Read

Read

Read

Read

Approvals and Notifications

Read/ Write

Read/ Write

Read/ Write

Read/ Write

Cash Management

No Access

Read

Read

Read/ Write

MACH Workflow Engine Business logic and rules

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MACH CSD | Workflow Engine MACH’s custom workflow engine provides a tool to perform complex business processing on the MACH platform What is the Workflow Engine: The workflow engine is a processing and automation layer that enables users of MACH technology to design, test and execute complex transaction processes directly on to assets held within platform Unique Selling Point: ✓ The workflow engine allows users with business domain knowledge to map out and execute business processes. This enables workflows to be created by those who fully understand the business process.

Power of Attorney

Product Overview ✓ Workflows are created, stored and executed from within the platform ✓ The workflow engine has a dependency-based execution flow meaning that steps will execute at the earliest point possible once all dependent steps have completed ✓ Workflows interact with functionality e.g. Reports / Messaging

Transaction process mapped / Workflow created

Workflow verified

Parameters supplied

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✓

DvP Model 1

✓

Asset Servicing

✓

SFD 1/2/3

✓

Issuance

✓

Redemption

Execution

✓ The workflow engine can execute long running workflows capable of facilitating a wide array of asset servicing processes ✓ Executed workflows can be monitored through the GUI allowing tracking of processing progress and key flow milestones

Templates

User interaction

DLT / Blockchain updates

✓ Used when the workflow needs permission to execute actions on behalf of an asset owner/holder ✓ Allows the workflow to operate an address, with the explicit permission of the address holder

✓ Time and activity restricted to limit possible actions

Liquidity Management System (LMS) Alignment with Target2 to manage cash

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MACH CSD | Liquidity Management System (LMS) MACH has built the foundational functionality to enable efficient reserve asset and risk management. MACH’s Liquidity Management System (LMS) currently enables Settlement Bank users to manage credit risk for Custodians. To facilitate this management of credit risk, a representation of cash is held off-chain in a connected append-only database ledger. This representation of cash could be replaced with digital tokens or central bank digital currencies if required.

MACH’s liquidity management system (LMS) currently facilitates: Settlement Banks Cash Ledger

LMA

SWIFT Messages

Transaction Matching

Validation Checks

Processing of SWIFT messages.

Confirmations of matched buy and sell orders.

Validation checks to ensure credit limits are not breached through any given transaction.

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01

02

Record of txns

Custodians Record of txns

Cash Ledger

Asset Ledger

CMA

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Settlement

Transaction Processing

Alignment with T2(S)

Near real-time transfer of assets on-chain and cash off-chain,

Updating of resulting credit limits once settlement finality has been reached

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Alignment with T2 using SWIFT, ensuring credit limits are consistent across ledgers and systems. 06 .

LMA = Liquidity Memorandum Account CMA = Cash Memorandum Account

Kafka Information streaming

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MACH CSD | Apache Kafka Apache Kafka enables real-time data processing, allowing businesses to make quick, data-driven decisions. Its scalability ensures that systems can grow with the business, handling increased data loads efficiently. Kafka’s reliability and durability minimise data loss, ensuring continuous operation and data integrity. Additionally, its versatility in integrating with various systems streamlines data pipelines, reducing complexity and operational costs.

How Kafka is used:

Key Benefits: Network Communication

RESTful API Provides a RESTful API over HTTPS, using JSON for lightweight messaging.

Unlike most DLT networks that use raw TCP, MACH uses Kafka for node communication, ensuring scalable and resilient event processing.

Scalability Kafka’s distributed design allows horizontal scaling, handling increasing loads efficiently.

Processing Efficiency By offloading tasks like transaction sequencing from the consensus process, Kafka improves overall system performance.

Messaging & Event Streaming

Blockchain Integration

Kafka is used to build real-time data pipelines and streaming applications.

It can handle millions of events per secound.

In the DC blockchain network, Kafka is used for transaction sequencing and routing state updates. This approach is faster than traditional consensus methods.

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Energy Efficiency Reduces redundant computation and avoids wasteful consensus methods, leading to lower energy consumption.

MACH Blockchain Immutable single source of truth

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MACH CSD | MACH Blockchain The MACH blockchain is a Distributed Ledger Technology (DLT) platform designed to transform the efficiency, security, and com pliance of financial market infrastructures. Key Features include: 1. Resilient and Reliable Node Hosting: a. Distributed Architecture: Nodes are hosted across multiple availability zones, ensuring high availability and fault tolerance. b. Rapid Consensus: Achieve near real-time transaction validation with a consensus process that occurs every 5 seconds.

2. Data Integrity and Security: a. Comprehensive Transaction History: Each validation node maintains the entire transaction history and block state, ensuring data consistency. b. Robust Security Protocols: Transactions undergo rigorous authentication, authorisation, and validation, preventing data manipulation.

3. Advanced Reporting Chain: a.

Mirroring and Reconciliation: Mirrors securities holdings and account addresses across the MACH ledger and external DLTs, ensuring high-speed settlement finality and data integrity.

b. Metadata Inclusion: Supports address metadata, crucial for external DLTs that lack this capability. c. Periodic Reconciliation: Regular reconciliation workflows maintain alignment between the MACH ledger, external DLTs, and the high-performance securities ledger.

4. Efficient Cash Ledger Management: a. Alignment with T2: The MACH cash ledger is synchronised with T2, the golden source for the cash leg of Delivery versus Payment (DvP) transactions. b. Liquidity and Risk Management: Provides essential information on liquidity and cash memorandum accounts, aiding in credit risk management for settlement banks.

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The MACH Blockchain is optimised for:

Scalability and Performance ✓ The high-performance cache in the securities ledger ensures efficient data retrieval, reducing the need to query slower DLTs. ✓ Periodic reconciliation ensures data consistency across all ledgers.

Regulatory Compliance ✓ The MACH ledger’s design supports comprehensive audit and regulatory compliance, essential for financial market infrastructures.

MACH Bridge Providing flexible interoperability

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MACH CSD | Bridge MACH Bridge provides a universal messaging capability to seamlessly connect to the MACH DLT What is MACH Bridge: MACH Bridge is a translation and messaging layer that enables your current infrastructure to connect with MACH’s technology / new digital products via a single interface

Unique Selling Points: ✓ Interoperable with other DLT technology e.g. Private/Public which allows for consolidation of ledgers on a central platform ✓ Can insulate and future proof from other financial infrastructure change ✓ Given the simplicity of the MACH Bridge interface, your internal technology can connect with MACH DLT at speed, without the n eed to change your existing messaging infrastructure or the need to undergo a lengthy integration period

1

• MACH client has the option to connect existing environments to the MACH DLT infrastructure quickly and efficiently • Workflows can be built and deployed securely on local or Cloud based systems

2

• MACH Bridge comes with a library of components that makes it easy to integrate MACH DLT / blockchain environments with your existing traditional infrastructures • This enables new connectors to custom API environments

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Inputs & outputs MACH CLIENT

2

✓ Transactions Post-Trade

✓ Data feeds

Equities

✓ Reporting

✓ Pricing ✓ Messaging

✓ Notifications ✓ Alerts

Fixed Income

1

Derivatives

Fixed Income FX

MACH Bridge (Universal Translation Bus)

Product Overview

Custodian / Banks / Asset Managers

MACH CSD | Bridge The MACH Bridge leverages a micro-services architecture, enhancing flexibility and supporting future scenarios such as smart-contract to smart-contract operations and Hash TimeLocked Contracts (HTLCs).

Bridge Workers

Bridge Orchestrator

Bridge Request Service

Bridge Signing Service

✓ Standalone micro-service applications compatible with the Bridge Orchestrator. ✓ Each worker implements an interface tailored to the linked DLT’s functionality, ensuring atomic operations and reporting success or failure as a whole.

✓ Maps incoming requests to underlying DLT operations, maintaining state for retry or rollback operations to ensure consistency.

✓ Manages incoming requests and facilitates communication between the application layer and bridge components.

✓ Decouples key management from transaction creation, allowing private signing keys to be securely held within a Key Management Service (KMS) or by other parties.

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03

04

01

The MACH Bridge offers enhanced flexibility and security through its micro-services architecture, supporting decentralised operations and future scenarios beyond traditional CSDs. Key features include decoupled key management for improved security, standalone workers to avoid dependency conflicts, and comprehensive unit test coverage to ensure reliability. The Bridge Orchestrator maintains consistency and visibility in multi-step operations, while the Bridge Signing Service securely manages transaction signing. Additionally, the platform supports configurable address visibility and uses standard crypto libraries, enhancing overall operational and development efficiency.

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Contact The Team Find out more

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MACH Team | Contact Details

Steve Vinnicombe Chief Executive Officer Steve.Vinnicombe@deltacapita.com +44 7534 119 363

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Alan Philpot Chief Product Officer Alan.Philpot@deltacapita.com +44 7939 861 845

Lars Mueller Product Lead Lars.Mueller@deltacapita.com +44 7904 526 590