厙惇勛圖

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
厙惇勛圖
Leading the Way

Global 厙惇勛圖 Finance News and Commentary
≔ Menu
厙惇勛圖
Leading the Way

Global 厙惇勛圖 Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Technology news
  3. Bosonic adds Bitpanda Custody to its network
Technology news

Bosonic adds Bitpanda Custody to its network


30 June 2022 UK US
Reporter: SFT

Generic business image for news article
Image: AdobeStock/JHVEPhoto
DeFi market infrastructure company Bosonic has added Bitpanda Custody to its network, meeting the needs of institutional customers for a digital asset custodian based in the UK.

Bitpanda Custody, which is regulated by the Financial Conduct Authority in the UK, will join the Bosonic Cross Custodian Net Settlement Working Group as Bosonic works to release the service later in 2022.

Bosonic claims that this launch will establish an industry first, creating a new standard for payment-versus-payment (PvP) atomic swap settlement and netting across a global network of independent custodians supporting institutional business.

This network aims to be liquidity and custodian agnostic, providing liquidity aggregation and direct market access to exchanges and market makers, offering real-time PvP atomic execution and settlement with cross-margining, cross-custodian net settlement and payments.

Bitpanda Custody was previously known as Trustology when it was formed in 2017 with backing from Consensys and Two Sigma Ventures. It was acquired by Bitpanda earlier this year.

Rosario Ingargiola, CEO of Bosonic, says: With the growth of the institutional digital assets market, specifically from the family office, buy-side world, there is significant demand for separate custody provided by regulated or qualified custodians.

The need to protect clients data and assets is paramount and fundamental to the fiduciary responsibility of these clients.

Bitpanda Custody managing director Alex Batlin says: Bitpanda Custody is pleased to join the Bosonic working group to help institutional clients reduce end-of-day settlement risk and costs, while improving capital efficiency, all backed by an insured, regulated crypto custodian.

Bosonic was formed in 2016, providing decentralised financial market infrastructure services (dFMI) with offices in San Francisco, New York and London.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 厙惇勛圖 Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Custodian
→ Liquidity

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →