NetCash™ — Digital Settlement Utility
A low-cost utility alternative to payment gateways
NetCash™ is a high-frequency, 1:1 fiat-backed private digital currency harnessed by INSCX™ for instant T+0 settlement of physical commodity and HFT trade.
Regulatory pathway: INSCX deploys the NetCash™ digital currency / SQL bank mirror system to clear member trade as a self-regulating organisation. On obtaining UK FCA EMI approval (Electronic Money Institution), NetCash can only then be offered as a public low-cost utility alternative to existing payment gateways.
How it works
Settlement as a utility, not a margin
1:1 Fiat-Backed
Every unit is fully backed 1:1 by fiat deposits held in regulated and segregated multi-currency IBAN vaults — a stable digital utility token, not a speculative instrument.
Instant T+0 Settlement
Payments clear and settle individually and in full at the moment of execution, with no multi-day settlement lag.
Utility-Cost Pricing
Priced at the cost of operating the utility — not a percentage of transaction value — removing per-transaction gateway margins.
Full Traceability
Harnessed and owned by INSCX™, every movement is auditable end-to-end for regulatory and compliance assurance.
Heritage & prior art
Two decades of proven digital cash, reduced to practice
High-speed, 1:1 deposit-backed SQL-based digital currency settlement for global commodity and commercial materials trade — with a regulatory and IP pedigree unmatched in the sector.
1999–2006
Proven Prior Art
Global freedom to operate with core digital cash IP filed in the UK, Europe, USA and with WIPO.
2001
Proven reduction to practice
A working system reduced to practice and operated FSA approved 2001-11, now relaunching first with INSCX, a vetted, proven system, not a concept.
2001–2011
Regulatory Heritage
Operated under official UK FSA approval for a full decade as the original Tolley Netcash.
Now
Current Structure
Commodity clearing version launched internally with INSCX Exchange Central Clearing Limited, a UK SRO, providing utility-cost T+0 settlement as INSCX TORS-IGS.
Next
Future Expansion
Retail version planned for relaunch upon re-obtaining appropriate UK FCA EMI licenses.
INSCX TORS-IGS / NetCash vs. payment gateways
Designed to undercut transaction-based rails
Positioning: Service available currently to INSCX members only. Public availability planned subject to UK FCA EMI authorisation.
Where NetCash applies
Built for high-frequency settlement
Commodity Trade Settlement
Settle physical commodity trades on TORS-IGS instantly, avoiding settlement delay.
High-Frequency Trading
Trade recurring, high-volume B2B flows eliminating per-transaction gateway fees that erode margin.
Cross-Border Utility
Move value across jurisdictions on a single 1:1 fiat-backed rail, avoiding correspondent delays.
Register interest in NetCash
Institutional members will be first to access NetCash settlement as members of INSCX. On FCA EMI authorisation, this will be made available to the public. Subscribe to be notified at launch.