OTCXN has signed Kingdom Trust and Prime Trust to act as custodians of assets for traders and exchanges on the company’s blockchain-based network. What does this mean for the future of crypto-trading? Rosario Ingargiola, CEO and Founder of OTCXN, spoke to William Essex about tokenisation and risk.
OTCXN is raising at least $15 million from institutional investors as it currently goes live with its network. Investors include hedge funds that invest on behalf of university endowments, clients that are also platform users, some of which are the largest trading organizations in the world, and big asset managers. OTCXN is also raising a Series C round targeting strategic financial infrastructure investors.
Forbes feature article about OTC Bitcoin trading and issues facing widespread institutional adoption, including details of OTCXN’s solution and comments by CEO, Rosario Ingargiola.
An e-Forex roundtable discussion concerning issues in trading cryptocurrencies, including clearing and settlement, counterparty risk, accessing liquidity, security.
OTC Exchange Network is looking to address liquidity problems with an RFQ workflow, CLOB-style exchange, dark pool and more in its growth plan.
Institutional Clients Begin OTC Trading of Fiat and Crypto With No Counterparty or Settlement Risk. This is the first of several trading venues that will be launched for institutional-only digital asset trading.
SEC Qualified Custodian to Hold Fiat Currency and Crypto Assets for OTC Desks, Exchanges and Other Institutional Traders using OTCXN’s Network.
Qualified Custodian to Hold Fiat Currency and Crypto Assets for OTC Desks, Exchanges and Other Institutional Traders using OTCXN’s Network.
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.