Crypto Finance Launches Off-Exchange Settlement Solution
Crypto Finance, a subsidiary of Deutsche Börse Group, has introduced a new off-exchange settlement solution designed to enhance capital efficiency and trading flexibility for institutional crypto investors.
The newly launched product, Crypto Finance AnchorNote, enables institutions to trade across various platforms without transferring their assets out of custody. This solution also facilitates off-exchange trade settlements and allows institutions to earn yields within a compliant, risk-managed environment, as stated in a Tuesday announcement.
“With Crypto Finance AnchorNote, we are closing a critical gap between custody and capital efficiency,” remarked Philipp Dettwiler, head of custody and settlement at Crypto Finance. The initial focus of this launch is the Swiss market, with an extended rollout across Europe anticipated in the near future.
The system incorporates BridgePort as a middleware layer to streamline messaging between exchanges and custodians. “Together with BridgePort, we are delivering an integrated solution that enables institutional clients to operate securely, flexibly, and in real time,” Dettwiler added.
According to Crypto Finance, AnchorNote simplifies the process of quickly moving collateral between platforms. Institutions can utilize this service via a user-friendly interface or a direct API connection.
“This infrastructure lays the groundwork for scalable asset mobility needed by institutional traders,” stated BridgePort CEO Nirup Ramalingam.
Crypto Finance specializes in institutional-grade digital asset investment products, trading, and custody solutions. In February of last year, its German subsidiary obtained four licenses from the German Federal Financial Supervisory Authority (BaFin). The platform is also regulated by the Swiss Financial Market Supervisory Authority, commonly known as FINMA.
In 2021, Deutsche Börse acquired a majority stake in Switzerland-based Crypto Finance Group. Crypto Finance already provides products on the SIX exchange in Switzerland and was the first to launch a Swiss crypto asset investment fund.
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In July, Coinbase International Exchange joined Copper’s ClearLoop network to provide institutional clients with off-exchange settlement, responding to the increasing demand for more efficient trading. This integration allows for almost real-time trade settlement without requiring assets to be moved onto the exchange.
In March, Sygnum also collaborated with crypto derivatives exchange Deribit to offer institutional traders off-exchange custody through its Sygnum Protect platform.
