An institutional multi-asset settlement network.
NOVRAIL is the regulated institutional settlement rail developed and powered by SHAKSETTLE. It connects and coordinates the movement of money, payment tokens, digital assets and tokenised real-world assets across regulated financial institutions, custodians, ledgers and markets.
- A regulated institutional multi-asset settlement rail for money, payment tokens, digital assets and tokenised real-world assets.
- A coordination layer across banks, payment institutions, custodians, exchanges, tokenisation platforms, central securities depositories and financial-market infrastructures.
- A neutral, rules-based operator of message families, identity, routing and settlement primitives.
- The regulated rail and orchestration layer, with designated institutions holding the underlying money or assets.
- Not a retail cryptocurrency exchange or a consumer wallet.
- Not a remittance company and not a software vendor alone.
- Not a blockchain, a stablecoin or a public ledger.
- Not a competitor to central bank systems; a coordinator across them.
One rail across every settleable asset class.
Regulatory treatment depends on what each token represents. A token representing a security, fund unit, commodity, real-estate interest or derivative is treated according to the legal and economic nature of the underlying asset, not automatically as an ordinary virtual asset.
Every transfer moves through the same institutional stages.
A member institution submits a signed instruction over the network.
Identity, jurisdiction, and eligibility are verified against network rules.
The optimal settlement path is selected across environments and currencies.
Value moves through the selected environment with cross-ledger coordination.
Signed settlement confirmations are delivered to every counterparty in the chain.
Messaging, connectivity, route recommendation, reconciliation and settlement-status monitoring, with no money, assets or keys held.
Regulated receipt and transmission of permitted money, foreign exchange and cash-leg settlement, with the asset leg coordinated through an external custodian or venue.
Money-leg settlement combined with digital-asset instruction routing, custodian integration and confirmation of completion across both legs.
Control or execution of both settlement legs across money, payment tokens and approved digital assets, with integrated custody and delivery-versus-payment.
Issuer, registrar, bank, custodian and investor coordinated in a single transfer of the tokenised asset against the payment obligation, with legal and ledger settlement confirmed.
NOVRAILTM is settlement-model agnostic. The network coordinates the outcome, not the underlying environment. The regulated scope of each model is set out in the NOVRAILTM regulatory strategy.