Exberry, a subsidiary of OM2 Group, has announced on Tuesday the launch of a multi-asset exchange infrastructure for both traditional and digital assets.
The launch came after the continued development process of over three years.
“The exchange world is in a state of flux, and is moving away from rigid structures and definitions of what can and cannot be traded. Existing players are waking up to the fact that they need a lighter, scalable infrastructure without compromising risk, performance, and security. New entrants are looking for a credible alternative, which will bring them to market faster,” Erez Zada, CEO of OM2, said.
“We set up Exberry to help exchanges and other marketplaces free themselves from the limitations of legacy technology and take advantage of new possibilities and seize the potential of new asset classes. Magnus’ experience in growing exchanges and technology firms will be invaluable to our leadership team as we navigate the opportunities ahead of us.”
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The new exchange offers a complete matching engine that can be integrated into new and existing ecosystems through well-documented APIs and easy to access sandboxes.
Exberry is offering this as “Matching Engine-as-a-Service,” offering clients a cloud-based service.
Ahead of the launch, the company also strengthened its leadership team by adding Magnus Almqvist as head of exchange development.
“What really excites me about Exberry is the ability to scale and support clients of every size and asset class; entrepreneurs have some great ideas, they want to start with something small, test it in the market and grow,” Almqvist added.
“Established markets are looking for flexibility and to modernize their technology stack. At Exberry we can scale down to support emerging micro markets and readily scale up to help national stock exchanges.”