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Responding to the Market
In 2022, the financial industry faced multiple high-profile collapses due primarily to inadequate collateral risk management, highlighting a critical industry-wide problem. Drawing from their experience with the Lightning protocol and Fusion data integration technology, the BlockSpaces team envisioned a Bitcoin-native solution to comprehensively mitigate this risk.
BlockSpaces today is a Bitcoin-native financial and collateral risk management platform, built to serve the needs of Bitcoin companies, treasuries, lenders, OTC desks, and institutions. The core ARC engine utilizes Lightning’s bi-lateral, P2P channels for real-time margin settlement, demonstrating reduction of counterparty risk by over 90%. BlockSpaces' Fusion product seamlessly captures real-time Bitcoin/Lightning transaction data, ensuring accurate tracking, reporting, and settlement within existing financial systems, for full-cycle contract and financial management. From 2017 to the present , the company continues to focus on addressing critical industry challenges and offering innovative solutions for businesses in the digital age.