Synswap

About Synswap

Synswap is a fintech company specializing in blockchain solutions for the capital markets industry. The company focuses on automating post-trade services for over-the-counter (OTC) derivatives, aiming to reduce processing costs and improve efficiency. Synswap leverages distributed ledger technology (DLT) to create a secure infrastructure for sharing data, events, and processes among regulated trading entities. This technology helps eliminate the need for reconciliations throughout the trade lifecycle, thereby reducing duplicative systems and enhancing workflow efficiency. Synswap's business model revolves around providing enterprise solutions that streamline post-trade processes, enabling a highly automated and low-cost operational environment. The company primarily serves financial institutions involved in trading OTC derivatives, offering them a way to control their record-keeping and transaction information through a shared, permanent golden source. Synswap generates revenue by offering these blockchain-based solutions as a service, targeting firms looking to modernize their post-trade operations.