Institutional blockchain trading platform OTCXN has partnered with Securitize, which provides compliance solutions for digitizing securities on the blockchain. With the use of Securitize’s DS protocol, the company aims to provide an automated compliance platform for security tokens.
OTCXN leverages its proprietary blockchain technologies to establish a new market model that improves liquidity access for the entire FX and cryptocurrency ecosystem. The company says the new collaboration helps institutional traders to trade crypto assets and FX while “eliminating the settlement risk inherent in traditional systems.”
With the aid of OTCXN platform, Securitize is also hoping to deliver a modern solution for its customers in issuing digital securities or connecting to their investors.
At present, ensuring liquidity and compliance for crypto assets can often take months, but DS Protocol is designed to resolve these issues across the entire token lifecycle. This includes managing the relevant events associated with security token ownership and its economic rights as they are traded on private and public exchanges.
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OTCXN provides global liquidity services thus eliminating the need for intermediaries in trading. Its recent partnerships aim to solve several issues in terms of mainstream acceptance of cryptocurrency institutional trading. It reduces risks of relying on counterparties credibility and eliminates the necessity for conventional intermediaries through a P2P community with a trade-to-settlement lifecycle.
OTCXN was established by electronic trading and e-FX technology expert Rosario Ingargiola, founder of FXone. Ingargiola led the design and development of one of institutional FX exchange technology stacks, used by global Tier-1 banks.
According to Carlos Domingo, Securitize CEO and co-founder, “Securitize’s DS Protocol for digital securities and exchanges has the highest adoption rate in the industry, powering multiple issued digital securities such as Blockchain Capital, Science Blockchain, SPiCE VC, 22x, and Augmate, with many more in the production pipeline.”
“We believe the DSO market presents an immense long-term opportunity in the blockchain and digital asset space, and we are poised to be the core infrastructure provider. Our platform for secondary market trading already contains the technology pipeline required to realize the promise of this extremely important capital markets innovation,” added Rosario M. Ingargiola, CEO and founder of OTCXN.