XBourse will pioneer use of project:DABL, Digital Asset’s new cloud-based environment for DAML applications
New York and Singapore -- 17 December 2019 -- Alternative markets innovator Tony Mackay announced today that his new markets venture, XBourse Global, will develop digital markets and market infrastructure products using DAML, the open source smart contract language created by New York-based Digital Asset. XBourse’s products will be deployed on project:DABL, a new rapid cloud prototyping and production environment for DAML applications.
XBourse is already using DAML to develop markets-as-a-service offerings with bespoke solutions such as a private corporate bond issuance platform with integrated functionality for a secondary trading market and a collateralized loan module to provide margin, if needed.
“DAML enables us to build differentiated applications quickly, taking on broader mandates than most companies our size. DAML empowers us to pick and choose our infrastructure as we evolve as a company and our clients’ requirements change,“ said Tony Mackay, founder and CEO of XBourse. “The project:DABL suite of tools has enabled us to create the foundations for a robust, new market infrastructure in a little over a month. This will be the first of many applications we envision running on project:DABL.”
“XBourse is a prime example of an organization we built project:DABL for,” said Eric Saraniecki, co-founder of Digital Asset and the creator of project:DABL. “It’s a great option for anyone looking to build something meaningful and launch into production in days, winning back months of time and allowing teams to differentiate where it really matters. Any startup can join our growing DABL ecosystem and some can even work out of our office, side-by-side with our core team.”