The settlement lifecycle
Every settlement follows the same pattern:- Instruct - A platform sends a settlement instruction with parties, legs, and a template
- Validate - KeyStone validates the instruction against the template’s requirements
- Orchestrate - The engine advances through the template’s state machine, executing actions at each state
- Settle - When all conditions are met, the settlement completes atomically
- Finalize - Both platforms receive confirmation and the audit trail is sealed
Building blocks
Settlements
The core transaction object that moves through a state machine.
Templates
Reusable workflow definitions that control how settlements behave.
State Machine
How the settlement engine processes states, transitions, and actions.
Parties and Legs
Who is involved and what obligations they have.
Compliance
Dual-layer compliance screening at every settlement.
Cross-Platform
How settlements span multiple platforms.