OTC Exchange Network (OTCXN), an institutional trading network and infrastructure provider utilizing blockchain technologies, has joined the Washington DC-based Chamber of Digital Commerce, a trade association representing the blockchain industry.
“The tide for blockchain is unstoppable as it is being used to re-engineer financial markets around the world,” said Rosario M. Ingargiola, founder and chief executive officer of OTCXN. “Gaining support of regulators and lawmakers will be essential for institutional adoption of blockchain technologies. This requires an education process and a collective, yet unified voice – and the Chamber of Digital Commerce is leading these essential industry efforts.”
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OTCXN’s blockchain-based peer-to-peer electronic trading network is designed to democratize access to the markets starting with OTC Spot FX. Its proprietary blockchain fabric is offered on a stand-alone basis for global enterprise businesses, and it is described as requiring absolute certainty of event chronology, strict data privacy and security, and high frequency events recording with immutability guarantees, while crossing organizational boundaries.
“We’re pleased to welcome OTC Exchange Network to the Chamber of Digital Commerce’s membership,” said Perianne Boring, founder and president, Chamber of Digital Commerce. “OTCXN has already demonstrated tremendous enthusiasm and leadership in supporting industry collaboration. We look forward to their participation in our many initiatives and working groups.”
OTC Exchange Network is a founding participant of the Chamber’s Blockchain Intellectual Property Council.