OTC Exchange Network is looking to address liquidity problems with an RFQ workflow, CLOB-style exchange, dark pool and more in its growth plan.
OTCXN today announced that it completed its first live test trades, which it believes to be the world’s first exchange of tokenized US Dollars and tokenized Bitcoin between two separate trading accounts over an electronic trading platform with assets held in safekeeping at a neutral custodian and digitized on blockchain.
The acquisition creates a unique and powerful digital asset trading network designed to serve increasing numbers of world-class institutional customers. OTCXN emerges from the transaction with unsurpassed blockchain-powered trading capabilities that provide institutional traders scalability, reliability, compliance and speed.
The growing interest in the cryptocurrency markets has led to many market participants asking for trading tools that can improve pricing and liquidity formation, along with safer ways of transacting off-exchange and cross-exchange clearing and settlement for greater capital efficiency.
Using blockchain to solve the hardest problems in the largest markets. “We’re organizing the world’s digital asset liquidity,” CEO Rosario Ingargiola.