On-Chain Smart Contract Based Cash Management

Within the Ithaca Ecosystem, participants’ cash balances are being held On-Chain by a smart contract called FundLock. The balances are in the Participant’s names and Participants have access and control over their funds.

One of the benefits of using smart contracts is that a client can see where its funds are kept. In addition to the FIX API, clients may check 3rd party sites such as etherscan.io/ that their funds are in fact secured. Once a trade is executed, the collateral for the position will be locked in FundLock. The locked collateral is not considered part of the FundLock cash balance, but the funds themselves do not leave the FundLock smart contract.