Cryptoassets

Trustology, GCEX and Bosonic Partner on Streamlined, Risk-Free Digital Asset Trading

Trustology, GCEX and Bosonic Partner on Streamlined, Risk-Free Digital Asset Trading

London, United Kingdom 28 January 2021 – Leading crypto custody solutions provider Trustology, and FCA-regulated broker (FRN 828730), GCEX have today announced an expanded partnership with San Francisco based Bosonic, a leading global technology company that builds infrastructure to eliminate counterparty credit and settlement risk in Digital Asset markets for institutional clients.  Together, the partnership will help to improve overall capital efficiency for institutional traders and eliminate counterparty settlement risk in digital asset trading. 

Institutions still suffer from inefficiencies in the trading and settlement process. As traded assets leave their control and move through the workflow of dealers, exchanges and brokers, institutional traders face balance sheet limitations leading to slow, multi-leg bilateral transactions, siloed collateral, counterparty credit risk, and general capital inefficiencies.  

More assurances are still needed for verified counterparties, guaranteed transactions and instant settlement to help mitigate settlement and operational risks, especially when margin trading.  Whilst there are solutions in the market today,  providing an open network partnership as proposed by the combination of GCEX, leveraging Trustology and Bosonic to address these issues is more advantageous, the benefits of which are outlined in the full press release. 

 

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