The Settlement Layer
Emerging Markets
Have Been Waiting For.
Sika Financial Group operates as a central counterparty and multilateral FX netting platform, purpose-built to eliminate settlement risk in currencies that the existing infrastructure has left behind.
$2.2 Trillion in Emerging Market FX Settles Without Protection Every Day.
The global FX market processes over $7.5 trillion daily. CLS Group protects 18 currencies. The remaining 160+ traded pairs, representing the developing world's economic activity, settle bilaterally, with full principal risk on both legs. Sika exists to change that.
From Bilateral Risk to Settlement Finality.
Sika interposes as the central counterparty in every transaction, replacing bilateral exposure with a single, managed relationship and simultaneous PvP settlement.
Three Ways to Connect to the Network.
Whether you are a central bank, commercial bank, or corporate treasury, Sika offers a connectivity model designed for your operational context.
Where the Infrastructure Gap Is Greatest.
Sika builds in the markets where PvP infrastructure is most needed, entering each through a structured regulatory engagement framework.
East & West Africa
$800B+ in annual cross-border payments. Kenya as anchor market with Capital Markets Authority engagement. AfCFTA is accelerating demand for a regional FX settlement standard, and Sika is positioned to become that standard, working alongside regulators and the primary banking sector simultaneously.
GCC & Levant
Rapidly developing capital markets with high trade volumes. Central banks across the Gulf have publicly committed to improving FX settlement infrastructure. Sika works alongside monetary authorities to implement PvP settlement compatible with existing domestic payment rails.
Southeast & South Asia
Some of the fastest-growing FX markets globally. Deep trade corridors between ASEAN economies create growing demand for efficient, risk-controlled FX settlement. Sika engages central banks across the region on PvP adoption frameworks aligned with CPMI guidance.
Andean & Caribbean
Deep currency volatility and high correspondent banking costs create strong demand for settlement efficiency. Sika's Latin American strategy prioritises correspondent bank and corporate treasury partnerships as the primary distribution channel.
Built to the CPMI-IOSCO Principles for Financial Market Infrastructures.
The PFMIs are the global gold standard for systemically important clearing houses, settlement systems, and trade repositories. Sika actively aligns with the CPMI-IOSCO Principles, conducting ongoing assessments to ensure continuous compliance and robustness
CPMI-IOSCO Principles for Financial Market Infrastructures
Ready to See the Infrastructure?
We offer structured briefings for central banks, institutional investors, participant institutions, and press.
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