Far more than a settlement API
Settle tokenised assets in 240ms, around the clock
Muon gives Swiss private banks an atomic delivery-versus-payment settlement layer. One API, one ledger, and no settlement window left to wait for.
MPC custody · Atomic DvP settlement · Idempotent API
p99 240ms · 99.99% uptime
Holdings
Holdings
Holdings
Holdings
Holdings
Holdings
Settled volume · 30 days
USD 54.1M
Settlements in flight
| Instruction | Amount | Status |
|---|---|---|
| stl_4471a9 | 4,250,000 | settled |
| stl_4470f2 | 1,180,000 | pending |
| stl_4468c1 | 9,400,000 | blocked |
| stl_4465d8 | 2,640,000 | settled |
38 institutions connected to the network
Why private banks choose Muon
One state of the security, shared by everyone entitled to read it.
01
One ledger
A single state of the security across the bank, the custodian and the auditor. Nothing left to reconcile overnight.
02
Chains you choose
Private network, Ethereum or Base: the same API, the same account model, the same proof.
03
Atomic settlement
Delivery and payment execute together, or not at all. No intraday counterparty exposure.
04
Flat pricing
A subscription in Swiss francs. No commission on the assets you administer.
Every party to the security, connected
Banks, custodians, chains, auditors and price providers — on a single ledger.
Muon
ledger
one state
Banks
Auditors
Custodians
Chains
Insurers
Market data
One state of the security
The ledger is the single source. Nobody reconciles two versions at midnight any more.
Rights by role
The custodian sees holdings, the auditor sees proof. Each one stops there.
Live in six weeks
Sandbox on day one, test network in week one, and your keys are yours from the start.
A tokenised instrument in one request
You describe the security once: terms, tranches, transfer restrictions. Muon deploys it, versions it, and refuses any issuance that would fall outside the mandate.
- Money market funds, structured products, private markets and metals
- Four-eyes signing and an immutable, timestamped journal
- Every version diffed field by field, never overwritten
Version 3 · changes
3 fieldsIssuance cap respected — 1.25M of 2M authorised
Screening runs before settlement, not after
Counterparty, destination address, source of funds, beneficial owner: every instruction is evaluated before signing, in tens of milliseconds.
- Chain analytics and allow-listed destination addresses
- FATF travel rule and IVMS 101 messaging
- An audit trail your reviewer can export
Instruction stl_4468c1
evaluated in 38msAddress missing from your allow list. Settlement stays blocked until you decide.
Every token backed, checked continuously
Bank balances, treasury positions and market prices feed a coverage figure recalculated live. You publish the attestation instead of rebuilding it.
- Automatic bank reconciliation, several times an hour
- Signed proof of reserve, publishable every day
- A coverage alert at the threshold you set
Coverage · CHF-e in circulation
147%
- 3.4B
- CHF settled in 2025
- 240ms
- p99 settlement latency
- 38
- Institutions connected
- 99.99%
- Uptime over 12 months
What the teams say
Banks, custodians and auditors already on the ledger.
“We spent our nights reconciling three systems that each wrote the same security differently. Now there is one state, and back office no longer wakes up at three in the morning.”
“Screening runs on every instruction before signing, not once at account opening. That is exactly what my risk committee had been asking for over two years.”
“The API does what the documentation says, and the webhooks are genuinely idempotent. We settled our first trade on the test network on day three.”
“Six weeks from first API key to production, without touching our custodian or our core banking. That is the point that convinced the committee.”
“Settlement is atomic, so we no longer carry counterparty risk between delivery and payment. At our volumes, that frees real capital.”
“A subscription, not a commission on assets. When assets under administration double, our invoice does not move.”
A subscription, not a commission
You pay for the platform and the volume of instructions. Never a basis point on your assets.
Issuer
2,400CHF / month
For a first tokenised line, live without running a project.
- 3 instruments, 5,000 instructions per month
- Compliance screening and travel rule
- One chain, test network included
- Email support, business hours
Institution
Popular8,900CHF / month
Several asset classes, several chains, one ledger.
- Unlimited instruments, 250,000 instructions
- Proof of reserve and coverage alerts
- Four chains, API, webhooks and live streams
- Integration engineer in Geneva
- Exports ready for your reviewer
Network
On request
To run the ledger on behalf of your client institutions.
- Dedicated white-label portal
- Isolated instance, keys in your own HSM
- Validator node operated by you
- Contractual service commitment
The questions that come first
Another question? Write to the team.
Does Muon hold the assets or the keys?
Neither. Custody stays with you or your custodian, and MPC key shares never leave your domain. Muon holds the ledger, the screening and the proof.
Do we have to pick a public chain?
No. Most institutions start on our permissioned private network, then open a public chain once distribution justifies it. Your application code does not change: the chain is a parameter.
How long does connecting take?
Sandbox keys on day one, first trade on the test network within the week, production in six weeks for an institution. No core banking migration and no change of custodian.
What if an address is flagged mid-settlement?
Because settlement is atomic there is no intermediate state: the whole instruction is refused and nothing moves. Your compliance officer gets the alert together with the rule that fired.
Where is our data hosted?
In two Swiss data centres, in Zurich and Geneva, encrypted at rest and in transit, with secrets held in certified hardware modules. No replication outside the country, backups included.
Which asset classes do you support?
Money market funds, structured products, private markets fund units, unlisted equity and allocated metals. Floating-rate notes arrive in the first quarter of 2027.
Bring a real instrument. We settle it in front of you.
Forty minutes on one of your own products. You leave with your sandbox keys and a delivery-versus-payment settlement executed on the test network.