Swap
Engine routes
Cross-rail execution
Quote locked
01010011 01010111
Liquidity map
Slippage guard
0
Price route
Execution ready
Quote
Route
10110111 01001010
Execute
B
Liquidity pools
Tokenised fiat
Settlement layer
Swap engine
Rate reserved
Fill queued
Routing matrix
Execution receipt
00110110 11010101
Pool depth
Treasury sync
I
Asset in
Asset out
01110011 10101100
Quote settled
Funds reconciled
T
Source asset
Destination asset
Counterparty state
Audit trail
Pricing signal
Liquidity route
11001101 00101011
Spread control
Swap hash
S
Input balance
Output balance
Reserved balance
Settled balance
Swap engine
Smart routing
Proof-backed execution
Business treasury
Best-route execution
Clean reconciliation
API-controlled swaps
Audit-ready receipts
Liquidity evidence
Network swaps