Fixium — Interest Rate Swaps for Canton Network
FIXIUM
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94 Fi FIXIUM
Fixed Rate 0.00%

The first interest rate swap on Canton.

Lock a fixed rate. Take the floating side. No principal exchanged. Counterparties private.

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$0
GLOBAL INTEREST RATE SWAP NOTIONAL OUTSTANDING

None of this exists on Canton. Until now.

THE COUNTERPARTIES

Every swap has two sides.

Fi SETTLEMENT FIXED ORBIT — PREDICTABLE VARIABLE PATH
FIXED ORBIT
THE POSITION

A Canton lending market borrower pays a floating rate. This month: 6.8%. Last month: 9.1%. Next month: unknown. The CFO needs a number they can budget against.

WHAT THEY WANT

A fixed rate. Lock in 7.4% for 90 days. Pay the same number every settlement period regardless of what the market does.

THE SWAP

They enter Fixium as the fixed-rate receiver. Notional agreed. Tenor set. Fixium matches them with a counterparty. Their identity and notional stay private on Canton.

SETTLEMENT

Rate for the period averaged 9.2%. They pay 7.4%. The net difference flows to them — 1.8% × notional × (90/360). Their cost was fixed exactly as planned.

VARIABLE PATH
THE POSITION

A yield optimizer holds excess capital on Canton. Current floating rates are attractive. They believe rates will rise and want to capture the upside without running a lending desk.

WHAT THEY WANT

Floating rate exposure. Pay a fixed 7.4% and receive whatever the market rate is over the period. If rates rise to 10%, they capture the spread.

THE SWAP

They enter Fixium as the floating-rate receiver. Same notional, same tenor. The match is made. Neither party sees the other's position size.

SETTLEMENT

The same 1.8% spread flows to them. They paid 7.4% fixed and received 9.2% floating. Settlement was atomic, instant, and private.

Settlement = (r_float − r_fixed) × N × (Days / 360)
SETTLEMENT MECHANICS

The math is not complicated. The execution is.

FIXED LEG

The fixed-rate payer agrees to pay a defined percentage of the notional for the tenor of the swap. This payment is known at inception and does not change.

r_fixed × N × (T/360)
FLOATING LEG

The floating-rate payer pays the realized rate from Canton's reference markets over the period, calculated as the average sampled at defined intervals. Not known at inception.

r_float_avg × N × (T/360)
NET SETTLEMENT

At maturity, only the net difference is exchanged. No principal changes hands at any point in the swap lifecycle.

(r_float_avg − r_fixed) × N × (T/360)
SETTLEMENT SIMULATOR

Set the terms. The fixed leg stays flat; the floating leg moves with the market. Only the net difference settles.

NOTIONAL$25,000,000
FIXED RATE7.42%
FLOATING RATE — REALIZED AVG9.20%
TENOR
FIXED LEG FLOATING LEG
(9.20% − 7.42%) × $25,000,000 × (90/360)
NET SETTLEMENT $111,250
→ Net flows to the fixed-rate receiver

Settlement is atomic and on-chain. No clearing house. No settlement lag. No counterparty credit exposure window.

“Every interest rate swap protocol that exists today runs on a public chain. Your counterparty can see your notional. Your competitor can see your hedge. Fixium runs on Canton — where the swap exists only between the parties.”

— The case for private rate markets
PROTOCOL ACCESS

Two ways in.

INSTITUTIONAL

For banks, funds, and treasury desks seeking rate risk management on Canton. Minimum notional applies. Full KYC required. Private counterparty matching.

Apply for institutional access
BUILDER

For teams building rate-linked products on Canton. API and SDK access to Fixium's rate streams, fixed rate index, and swap infrastructure.

Request builder access

Access is currently by application. Priority given to Canton-native institutions and active Canton builders.

Lock your rate. Lock your future.

The first interest rate swap protocol on Canton Network is open for institutional access.

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