Gold-i, a trading systems integration specialist for the financial services industry, continues to undergo more updates and integrations that are designed to make it more dynamic for cryptocurrency providers. In this sense, the company today announced a partnership agreement to leverage custody and settlement infrastructure from Seed CX’s platform, Zero Hash.
Zero Hash will provide Gold-i’s clients, including Prime of Primes, retail FX brokers and hedge funds, with a centrally settled crypto offering as well as wider access to a range of cryptocurrency markets and key liquidity venues.
Zero Hash is a subsidiary of Seed CX and has registered the unit as a Money Services Business and FX Dealer with FinCEN. Moreover, Zero Hash is a registered Money Transmitter in over 45 US states.
This collaboration allows Gold-I to leverage a suite of over-the-counter (OTC) trade settlement services, which supports spot fiat and cryptocurrencies. The product was already implemented into the trade cycle of traditional brokers, single-dealer platforms, FX ECNs, and other institutional trading venues.
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The partnership also leverages Gold-i’s order routing and order matching technology through its Crypto Switch™ 2.0 – part of Gold-i’s Matrix product suite. The product operates as an advanced platform that allows brokers, crypto exchanges, liquidity providers, and market makers to maximize a range of opportunities.
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Furthermore, clients can access deep and diverse pools of liquidity with a fully cleared crypto solution. Additionally, Crypto Switch™ 2.0 can be seamlessly integrated into any trading platform via a FIX API or other standard protocols.
With over 30 fiat assets supported and two dozen digital assets traded, Zero Hash is obviously gearing towards operating in the crypto space more like a forex broker, albeit focused on the institutional segment.
Gold-i’s Matrix suite of products provides a distribution channel of multi-asset class liquidity for a global network of brokers, prime brokers, and hedge funds. Members are able to deliver their liquidity to other end-customers through Gold-i’s Matrix, as well as manage their trading book and customize their liquidity through different management tools.
Commenting on the news, Gold-i CEO Tom Higgins said: “Partnering with Zero Hash adds a new dimension to our offering, providing a centrally settled digital assets solution. As we continue to push boundaries, clients wishing to offer crypto trading as an additional asset class now have the choice of a centrally cleared solution or a centrally settled solution through Gold-i. Our collaboration with Zero Hash presents us with an exciting opportunity to drive further uptake of cryptocurrency trading amongst institutional clients. Our joint clients will benefit from excellent pricing and seamless settlement services.”
Edward Woodford, CEO, Zero Hash added: “Zero Hash is proud that Gold-i is now a partner. The combination of our proven ability to settle trades across over 1000 pairs, and Gold-i’s market-leading order routing technology provides an end-to-end offering to institutional clients.”