Finery Markets, a global trading infrastructure provider for digital assets, has partnered with digital assets financial services provider BitGo, which will add regulated qualified custody and automated settlement to the former’s trading network.
According to a statement, BitGo will secure assets via BitGo Trust Company and use its settlement solution Go Network to clear and settle trades on Finery’s non-custodial platform.
Matt Ballensweig, Managing Director at BitGo, said that the Finery Markets partnership would “support leading crypto prime brokers that face operational friction in the current environment”.
He added: “To date, primes and OTC desks would need to bilaterally settle transactions daily with both their liquidity providers and their takers – now, they can offload that responsibility to BitGo Trust and focus on broadening connectivity and providing credit.”
