Institutional DeFi exchange for bond and credit derivatives. Trade bonds electronically with unparalleled pre-trade transparency, automatic execution, instant settlement, and minimal transaction costs. Atomic Settlement: T-0 settlement with payment vs delivery systems; Rapid Execution; Blockhouse conducts FBA in one minute intervals, nearly 5 times faster than current venues; Flexible Deployment; Cross-chain access on private or permission-less systems; Post trade reporting; Automated post-trade workflows including regulatory reporting and reconciliation; Frictionless Liquidity.-Get access to instant funding markets via composable fixed income securities; Market Transparency - Real-time pricing with intra-day collateral valuation data