A New Way for Businesses to Settle Value Globally
Businesses today operate across borders, currencies and banking systems yet settlement infrastructure still depends on slow intermediaries, reconciliation delays and foreign exchange exposure.
Kohenoor Technologies introduces KEN Settlement Service, a corporate-grade digital settlement framework powered by the Kohenoor KEN digital asset and supported by the Digital Asset Settlement Attestation Certificate (DASC).
This is not a replacement for banking.
It is a modern settlement layer businesses can mutually adopt to discharge obligations faster, transparently and verifiably.
The Problem Companies Face
International and inter-company payments suffer from:
• Settlement delays
• Multiple intermediaries
• Counter-party trust issues
• FX conversion exposure
• Audit reconciliation complexity
Even after funds move, proving settlement often requires emails, bank confirmations and manual verification.
What KEN Settlement Provides
KEN acts as a digital settlement unit agreed between commercial parties.
Instead of waiting for correspondent banking chains, two companies can mutually agree to settle an invoice using KEN and obtain cryptographic proof of discharge.
Kohenoor Technologies coordinates the settlement documentation and verification — not the payment itself.
How the Process Works
1. Commercial Obligation Exists
Two companies have an invoice or agreement outside the platform.
2. Settlement Statement Issued
A valuation is locked using the Kohenoor Reference Rate (KRR).
Both parties agree on the settlement amount in KEN.
3. Direct Blockchain Transfer
The paying party transfers KEN directly to the receiving party wallet.
No custody. No intermediary handling funds.
4. Network Confirmation
The blockchain verifies the transaction permanently.
5. DASC Issued
Kohenoor issues a Digital Asset Settlement Attestation Certificate — a formal proof the obligation has been discharged.
What is DASC?
The Digital Asset Settlement Attestation Certificate (DASC) is a corporate document that:
• Confirms settlement occurred
• Links to the blockchain transaction
• Serves as audit evidence
• Provides accounting reference
• Eliminates payment disputes
It transforms a blockchain transfer into a recognized commercial settlement record.
What Kohenoor Technologies Does — And Does NOT Do
Kohenoor provides:
• Settlement coordination
• Reference valuation
• Verification documentation
Kohenoor does NOT:
✖ Hold funds
✖ Transmit money
✖ Convert currency
✖ Act as a payment processor
The transfer always occurs directly between company wallets.
Why Corporates Use KEN
Companies adopting KEN settlement gain:
Faster Settlement
Minutes instead of banking days
Transparent Audit Trail
Public cryptographic proof of transfer
Reduced Dispute Risk
Pre-agreed valuation via KRR
Independent of Banking Hours
24/7 settlement capability
Neutral Settlement Unit
Mutually agreed digital accounting reference
Accounting & Compliance
KEN settlement operates as a commercial settlement method agreed by both parties.
The fiat amount remains an accounting reference, while DASC provides verifiable settlement evidence.
Each participant remains responsible for its own regulatory and tax treatment in its jurisdiction.
Who Can Use It
KEN Settlement is suitable for:
• Exporters & importers
• Technology service providers
• Web3 businesses
• International contractors
• Partner companies within a network
• Marketplace ecosystems
The Bigger Vision
Digital assets have long been viewed only as trading instruments.
KEN demonstrates a different direction —
a working commercial settlement infrastructure.
Instead of replacing financial systems, it complements them by allowing businesses to settle obligations efficiently while maintaining documentary proof.
Get Started
Organizations interested in using KEN settlement can onboard as institutional participants and begin settling commercial obligations using the DASC framework. Click On-boarding to start!
Kohenoor Technologies
Digital Settlement Infrastructure Division