The new partnership between digital asset services firm Diginex and electronic trading firm Itiviti will enable institutional investors to trade crypto and equities on one platform, Diginex said in a press release on 17 February.
Called “Diginex Access”, the new platform makes use of Itiviti’s Tbricks trade automation technology and infrastructure, which is optimized for low latency, high throughput and scalability. The goal of the new platform is to boost the adoption of digital assets by institutional investors, by providing them with yet another onramp service. The CEO of Diginex, Richard Byworth, commented on the new partnership by saying:
“Itiviti has a proven track record in providing market-leading technology for traditional asset classes to both buy-side and sell-side institutional investors. Diginex brings many years of experience in crypto and digital assets combined with a robust approach to compliance and risk management.”
Through the use of “Access”, Itiviti’s users — most of which are investment banks and hedge funds — will be able to trade both crypto and crypto derivatives, alongside their equities positions, from one platform. Diginex was able to achieve this by plugging into Itiviti’s order management, execution management and portfolio management systems. Thanks to the Tbricks systems, institutional investors now have the ability to trade across different crypto exchanges.
Byworth further said the creation of the platform was spurred by the increased demand for crypto exposure from institutional investors, who are being driven away from the dwindling returns of traditional assets and the “escalating fiscal stimuli fueling rising concerns about inflation”.
The new offering is expected to boost the liquidity of the Diginex exchange, which last December allowed its users to earn interest on their Bitcoin and Ethereum holdings. Byworth explained at the time that borrowing and lending provides a necessary hedge for derivative and volatility traders.