LONDON, September 23, 2022 /PRNewswire/ — DeFinity Markets (powered by DMALINK), the institutional digital asset ECN has taken the first step after creating the most comprehensive custody agnostic institutional digital asset ecosystem by integrating Custodiex into its technology stack.
Kam Patelinterim CEO and COO at Custodiex, says: “Custodiex is one of the most technologically advanced cold storage digital asset vault solutions in the world and we are delighted to work with the DeFinity team who are pushing the envelope of radical innovation within the digital asset sector for several years.”
Custodiex offers high security cold storage, with unlimited scalability, and supports real-time digital asset management technologies for financial institutions. With hardware housed in various bunkers in undisclosed locations and with key ceremonies and processes designed to guard against even the most aggressive physical and cyber attacks.
Manu Choudharyco-founder of DeFinity, added: “Our ambition has always been to work with innovative technology companies to accelerate the evolution of the wider market and this partnership with Custodiex and Crculus certainly helps achieve that. I have always been a huge fan of performance-enhancing technology and we believe that together we will set new standards in electronic commerce for digital assets.”
Created to address the structural imperfections of the institutional digital asset custody market, Crculus uses the latest technology to create accessible, scalable and harmonious digital asset ecosystems. The Crculus Tech Stack sits between the application and operational layers and is an important part of middleware infrastructure to enable interoperability between multiple custodians.
Thomas Soede co-founder of Crculus, added: “One of the biggest problems with the digital asset market today is that while transactions are executed and cleared within minutes, the lack of institutional infrastructure and interoperability prohibits full adoption by the financial institution. We believe that our enterprise-grade solution meet financial, regulatory and operational requirements for institutions wishing to enter the market.”
Michael SiwekCo-founder of DeFinity, added: “Custodiex provides the distribution capabilities and durability of the cloud, combined with cold storage within physical bunkers, which we believe will provide a phenomenal advantage to our venue participants from a security and accessibility perspective.”
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DMALINK is a data-centric ECN for professional forex traders that streams anonymous and bilateral, proactively customized and sustainable prices with a specific focus on emerging markets, Scandie crosses and CE3. We serve industry leaders, including banks, funds, corporations and real estate trading firms, with a specific demand for sustainable liquidity access across non-G-7 pairs.
For further information, please visit dmalink.com
ON DEFINITY MARKETS
DeFinity operates an institutional digital asset ECN for Cryptocurrencies and wholesale Central Bank Digital Currencies (CBDC). In addition to supporting decentralized financial services for FX settlement, DeFinity is a layer-2 protocol with a focus on interoperability, using existing blockchain frameworks such as WeOwn, Ethereum, Polkadot, Binance Smart Chain and Cardano.
For further information, please visit definitemarkets.com
Custodiex was founded by veterans of information security and ﬁnancial services, with the aim of creating a high security cold storage solution for digital assets, usable in real time to meet the needs of modern ﬁnancial services applications. The technical team consists of CISSP and MSc InfoSec accredited security professionals with extensive experience in cryptography, key management and ﬁnancial services security.
For further information, please visit custodiex.com
Created to address the structural imperfections of the institutional digital asset custody market, Crculus uses the latest technology to create accessible, scalable and harmonious digital asset ecosystems. The Crculus TechStack sits between the application and operational layer and is an important part of middleware infrastructure to enable interoperability between multiple custodians.
For further information, please visit crculus.com
SOURCE Definity Markets