Swap Monster
Private RFQ trading with atomic settlement on Canton.
Swap Monster is a Canton trading application based on private requests for quotes. Traders choose counterparties and coordinate supported asset exchanges through an atomic delivery-versus-payment workflow.
Background
Swap Monster develops private bilateral trading workflows on Canton. The product uses requests for quotes, selected counterparties and atomic delivery-versus-payment settlement, with invitation-based access.
Key Benefits
- Private requests for quotes
- Selected trading counterparties
- Accepted-quote pricing within the supported workflow
- Atomic delivery-versus-payment settlement
- Invitation-based onboarding
Why Canton
Swap Monster uses Canton to coordinate private requests for quotes and atomic delivery-versus-payment settlement among participating counterparties.
What Makes It Unique
The RFQ workflow lets traders choose counterparties and accepted quotes without relying on a public AMM pool.
What's Included
Quotes and counterparties
The product uses RFQ and private quote selection rather than a public AMM pool. Counterparty selection is part of the trading workflow.
Settlement
Assets are locked for the supported exchange and settlement coordinates the two sides. Atomic delivery does not remove market, contract, identity or operational risks.
Access and assurance
Access is invitation-based. Review the current onboarding and documentation. Industry working-group participation is not an endorsement of the product, and an audit in progress is different from a completed report.
Official Resources
Behind the Scenes
RFQ Trading The core of the platform. Participants post an order, select which counterparties can see it, receive competing quotes, and execute against the best price. Nothing is broadcast to the wider network. Atomic Settlement Engine Trades settle through Daml smart contracts with soft-lock protection and on-chain finality. Both legs execute simultaneously or the trade does not happen. Wallet Gateway Integration Native CIP-0103 support allows any Canton node operator to connect with their existing validator and signing provider.
Impact
Swap.monster gives Canton the trading layer that institutional participants require in order to hold and move meaningful positions on the network. Without a private venue for size, institutions are structurally limited in how much they can commit to any on-chain asset.
Yields & Earning Opportunities
Swap.monster distributes $CC rewards to its most active traders. Leaderboard rewards opportunities are on the near-term roadmap. Follow us on X to learn more about our upcoming trading activities.
Yields are set by the project, change often and are not guaranteed. This is not financial advice. Crypto assets carry risk, so do your own research before depositing funds.
Active Campaigns & Incentives
Trade and Earn: Active users earn rewards through trading activity. Follow Swap.monster on X for more information.
Looking Ahead
The team has described custody integrations and issuer onboarding as development work. Availability should be confirmed in current product releases.