16 February 2024

Deon Digital's SFI system can revolutionise securities trading

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The Department of Computer Science at the University of Copenhagen (DIKU) has provided the research basis for a test programme of Deon Digital's Smart Financial Instruments system (SFI system), which shows promising results.

Man sits at computer and blockchain graphics float in the air
Deon Digital and the Department of Computer Science will make it easy and safe to buy and sell bonds and digital assets.

In collaboration with DIKU, Agreena ApS, BEC Financial Technologies a.m.b.a. and Capital Market Partners A/S, Deon Digital has, through four courses supported by Copenhagen Fintech, shown that their Smart Financial Instruments system (SFI system) has the potential to revolutionise processes in connection with securities trading.

The SFI system is like a safe and fast digital cashbox for trading money and investments. It makes it easier and safer for citizens and businesses to buy and sell e.g. bonds and digital assets. Everything happens almost instantly and all information is stored on a highly secure digital platform. This helps reduce errors and makes financial transactions more reliable and transparent.

The four Copenhagen Fintech programmes showed such good results that all parties involved were invited to the Danish FSA's FT Lab, which aims to create a safe environment where selected companies can test new technologies and business models in the financial sector. Here, the SFI system also proved its usefulness.

Fritz Henglein, Professor at the Department of Computer Science and Director of Research at Deon Digital, highlights the importance of the process and the valuable dialogue between companies, universities and regulators:

- The trial has been crucial in demonstrating the significant utility of the SFI system and how it can transform the capital market infrastructure.

This successful test has not only benefited Deon Digital, but has also helped enrich the financial community's understanding of DLT technology and its potential in practice. Overall, the entire programme has created a fruitful forum for the exchange of knowledge and experience between companies, regulators and universities in the field of DLT, capital market infrastructure and regulation.

If you are interested in learning how your organisation or company can benefit from the resources of the Department of Computer Science and how to get started, you can read more about research collaboration here.

Contact

Anders Pall Skött
Head of Section, Business and Innovation
Department of Computer Science
anders.pall@di.ku.dk 

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