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.”
Yen carry trade risks mount
Hedge funds and other leveraged investors face renewed risks from the yen carry trade as Japan moves further away from decades of…
More
Valour launches first crypto hedge fund using Neuronomics AI strategy
Valour, the digital asset investment products subsidiary of DeFi Technologies, has launched its first hedge fund as it expands beyond…
More
SocGen targets strong prime brokerage growth
Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa's…
More