Caspian, a Galaxy Capital-backed institutional trading and portfolio management platform, today announced a new partnership with Tagomi, a US-based broker that specializes in trade execution and digital asset markets.
Under the partnership, Tagomi will be integrated as a trading venue on Caspian’s system, which includes an OEMS, PMS, and RMS. Once the integration is complete, Caspian’s users would be able to access Tagomi’s straight-through process and workflow when managing crypto portfolios and trading across many exchanges and other destinations. They will also leverage Tagomi’s smart routing and advanced algorithms.
Tagomi operates as a prime broker in the crypto space, aggregating liquidity across multiple exchanges and executing trades based on a single unified order book. The cryptocurrency prime brokerage has recently launched a lending and borrowing platform.
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A single interface into 37 spot and derivatives exchanges
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 37 cryptocurrency exchanges and OTC desks.
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.
Commenting on the news, Chris Jenkins, Managing Director at Caspian, stated: “We are really excited to partner with Tagomi, as we believe it will set a revolutionary new standard for crypto trading. At Caspian, we have been focused on driving change, implementing better tools and ultimately building a more secure ecosystem that facilities institutional investors advancement into digital assets.”
Tagomi’s founder Marc Bhargava added: “Our partnership with an industry leader such as Caspian has been a great step forward for the industry. We are both focused on bringing institutional investors into the complex, fast-moving world of crypto assets. We see our integration with Caspian helping to further achieve our goal of bridging institutional capital into the space.”