Vermiculus has secured a mandate to deliver a 24/7 clearing system for one of the world’s largest digital asset platforms, enabling real-time clearing of prediction market contracts through its VeriClear solution.
The Stockholm-based market infrastructure provider said its system will run ללא interruption, supporting continuous trading environments without scheduled downtime.
Tailored clearing for event-driven contracts
The deployment includes a customized implementation of VeriClear for event-contract trading. It combines clearing, post-trade processing, collateral management, and settlement for digital assets under high transaction volumes.
The model is fully collateralized, meaning all positions are backed at the time of trade. Contract outcomes are settled through internal redistribution of funds rather than external transfers, aiming to reduce delays and counterparty risk.
Designed for regulated-grade oversight
The platform integrates real-time position management, reconciliation between trading and clearing systems, and structured settlement workflows. It also includes audit trails, reporting tools, and prefunding checks to maintain operational integrity in continuously open markets.
Chief operating officer Dorougidenis said the system was developed to meet the demands of event-driven trading in markets that never close, highlighting increased adoption of fully collateralized clearing in such environments.
Scalable architecture for continuous markets
VeriClear is built on a modular microservices framework that combines immediate trade capture with risk monitoring and flexible settlement options. Its design supports low-latency processing and interoperability across multiple systems through a neutral interface layer.
Chief executive Derayati said the company’s architecture allows for rapid deployment and scalability, enabling expansion as new asset classes and market types emerge.
Rising demand from prediction markets boom
The rollout comes as prediction markets see rapid growth in trading activity. Combined volume on platforms such as Kalshi and Polymarket rose 75% to $45 billion in June, driven largely by global events including the World Cup.
A continuously operating, real-time clearing system is built to handle this surge, removing operational pauses typical of traditional financial infrastructure.
Implications for traders
The adoption of round-the-clock, fully collateralized clearing introduces a framework more commonly seen in regulated derivatives markets. By ensuring positions are fully backed and settling them instantly, the system is designed to limit systemic risk and improve capital efficiency.
For traders, attention is now on which platform will implement the technology. The identity of the exchange will determine which contracts and digital assets are affected.
- Immediate settlement may shift liquidity patterns
- Reduced counterparty risk could alter pricing dynamics
- Existing strategies may need adjustment to faster clearing cycles
As the system goes live, traders will also need to adapt to new workflows around collateral management and reconciliation in a market structure built for continuous, high-speed execution.
Explore how prediction market infrastructures work in practice and optimize your event-contract strategies with Toobit’s latest insights.
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