USE CASE
Banks use it to gain access to liquidity in geographies with no nostro relationships
Say, a UAE Bank wants to settle in Swiss Franc. However, it does not have relationship with a bank in that region. It has relationship with a Euro Bank however, which settles in Swiss Franc. The UAE bank can use rates offered by the Swedish Bank on the forex market place to settle in Swiss Franc using the market maker product. The HC Market Maker will automatically pick up the best available forex rates for a certain currency pair.
Exchanges and Banks use it to place fiat currency and digital assets forex deals
In the example above, the Swedish bank puts out Forex deals in the HC open market place for participants to pick up. Similarly, Currency Exchanges, Banks, Wallets and Cash out providers can use the product to extend deals and expand their markets.
