Digital assets services provider Bequant has launched a crypto prime brokerage solution, Bequant PRO, which is specifically designed to cater for the needs of institutional clients. The new brand says it has already beta-tested its offering, which simplifies complex tasks like margin and trading across multiple venues through a single account, with select market participants.
Bequant PRO serves those who need OTC best execution for their own accounts and who wish to offer cryptocurrency products to their own clients. The solution is aimed at investment managers and hedge funds, including cryptocurrency funds, private banks, family offices and wealth managers.
Aiming to provide infrastructure covering onboarding, execution, settlement, reporting and custodianship, the new service encompasses many relevant features that covers requirements for analogous businesses in traditional investment sectors. This includes multi-exchange direct market access, custody, collateral management tools, leveraged trade execution, OTC block trading, risk management, smart order routing, integration of third party solutions and round-the-clock support.
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BEQUANT PRO offers access to major exchanges
The infrastructure reduces the counterparty risks allowing investment managers to trade through a dedicated and whitelisted custodian.
Bequant PRO service enables institutions to offer their investors access to seven major crypto exchanges including Binance, Huobi and OKex; as well as many OTC desks around the world. The firm opens business accounts with as many exchanges as possible across the entire world, while presenting a unified interface to its clients. This allows institutional traders to make large orders without depressing the price on one specific venue.
“As digital assets emerge further into the investing world’s consciousness, it has become apparent that institutional-grade solutions are needed to solve the pain points of a fragmented marketplace,” said George Zarya, CEO at BEQUANT.
“Traders have long complained about the cost and difficulty of having to manage risk and compliance across several accounts at the same time. BEQUANT Pro solves for this by providing the same level of service, reliability and cost reduction that has been in traditional markets for decades,” said Alex Mascioli, head of institutional services at BEQUANT.