June 09 - 11, 2025
Omni Shoreham Hotel in Washington DC
DelphX is an innovation leader launching an Alternative Trading System (ATS) dedicated to streamlining credit capital formation, broadly diffusing default risk and enhancing investor yield. Offering participants a regulated securities-based alternative to single-name CDS, DelphX will employ its proprietary Quantem™ distributed ledger and risk-diffusion technologies to enable participants to anonymously negotiate, originate, purchase and trade the following new forms of Smart Securities:
• Covered Put Options (CPOs) that provide secured default protection for any of millions of underlying corporate, municipal and sovereign credit instruments; and
• Covered Reference Notes (CRNs) that pay enhanced yields to credit investors willing to participate in a pool of diverse risks that broadly diffuses the impact of credit events among all participants, and produces increasingly predictable mean exposures.
DelphX participants can also cost-effectively speculate on the future pricing of default protection for any underlying security, and exercise any CPO in either a physical or cash settlement transaction.