Open Source in Finance Forum London 2026

Tokenovate, in collaboration with the FINOS CDM Smart Contract Taskforce and ISDA, has been developing a pioneering Smart Contract framework built on the CDM. This framework introduces new CDM data type objects - Smart Contracts - that connect functions and data through advanced modelling.

By enabling consistent execution of complex tasks, such as rate resets based on multiple observations under the ISDA 2021 Interest Rate Definitions and extendable to any analogous process under an ICMA GMRA, the framework extends the CDM’s standardisation power into new domains.

In this session, Tokenovate, together with ISDA, will demonstrate how Smart Contracts extend the CDM into standardised execution of multi-step processes, highlighting the following benefits of the framework:

- Fast and accurate processing of complex reset events
- Alignment with industry definitions
- A clear and transparent audit trail

Together, we will show how these benefits reduce operational risk - thus creating a foundation for greater efficiency and interoperability across the financial markets.