Unified Transaction Management Platform

Knox Networks was founded upon the principle of simplifying finance. Today, businesses are forced to manage too many disparate financial rails. To streamline this process, Knox has designed the Unified Transaction Management Platform to help businesses manage their complex financial networks today while preparing for the future of digital assets.

Current Problem and Future Opportunity

Businesses have to deal with multiple asset classes across many systems, making it difficult to get a harmonized view of the big picture. As a result of this, operational complexity is increased and netting, settling, and reconciliation efficiency are all negatively impacted.

Knox's Unified Transaction Management Platform is a product for helping financial institutions manage all of their disparate systems, thereby allowing for a real-time view of the financial health of their organization with a universal source of truth. The Unified Transaction Management Platform is designed to help businesses manage the complexity of their external systems by providing a simple-but-powerful tool.

Unified Transaction Management Platform Features

Knox’s Unified Transaction Management Platform targets problems with scaling transactions, reconciliation, settlement efficiency, lack of interoperability, and real-time monitoring between backend systems. The Unified Transaction Management Platform provides continuous verification of assets and liabilities, surpassing systems that only provide periodic snapshots, allowing for:

• Real-time aggregate cash and asset views for transparency
• All transactions can be initiated and streamlined through one system
• Knox helps program business logic into transactions (e.g., regulatory requirements to rebalance wallet custodians)
• Reconciliation, supporting improved netting and settlement
• Track transaction fees and accruals in shared ledgers
• Saving on operation costs with off-chain and on-chain transactions

Example Unified Transaction Management Platform

Outcomes from the Unified Transaction Management Platform

The Unified Transaction Management Platform powers:

• Real-time transparency across all assets and owners
• Bridge and transact off-chain assets with on-chain
• More efficient use of cash and assets through improved netting and reconciliation
• Operational efficiencies, with streamlined transactions in a single system