Seed CX, the institutional digital asset exchange headquartered in Chicago, is expanding its reach through a new partnership with Caspian, which provides a crypto portfolio and risk management platform.
Under the partnership, Seed CX will be integrated as a trading venue on Caspian’s trading and portfolio management system, which includes an OEMS, PMS, and RMS. Once the integration is complete, Caspian’s users would be able to access Seed CX’s crypto asset exchange, aka Seed Digital Commodities Market.
While Caspian’s offering is also aimed at professional traders, it also facilitates price discovery and asset transfers across multiple exchanges globally. The platform currently provides connectivity and interoperability across 35 cryptocurrency exchanges and OTC desks.
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Caspian caters to both buy-side and sell-side traders
Caspian has been formed as a joint venture between Tora and Kenetic to bring in a full-stack crypto trading and risk management platform which offers for both buy-side and sell-side traders a suite of pre-trade compliance, trading algorithms and risk reporting tools. The company mainly targets professional traders with institutional-grade features like customizable market data.
Earlier, in January, Seed CX announced the launch of spot trading for institutional investors. Also last month, the company has partnered with TradAir to allow its customers to leverage Seed CX’s suite of OTC trade settlement services that were recently launched by its custodian subsidiary, Zero Hash.
Commenting on the news, Seed CX co-founder and CEO Edward Woodford said: “This integration brings accessibility to institutional investors using Caspian’s technology to connect to our secure and efficient venue on which to trade digital assets, with robust margin models and strong risk controls.”
Robert Dykes, CEO of Caspian, added “Our two businesses are closely aligned with the common goal of wanting to bring greater institutional participation in the digital asset market and give the clients the tools they require. Our state-of-the-art PMS & OEMS solution and its seamless integration into Seed CX is exactly the kind of addition to the Caspian ecosystem that institutions require.”