Crypto Finance, a subsidiary of Deutsche Börse Group, has introduced a new off-exchange settlement solution aimed at enhancing capital efficiency and trading flexibility for institutional crypto investors.
The newly launched Crypto Finance AnchorNote enables institutions to trade across various platforms while keeping their assets within custody. It also facilitates off-exchange trade settlements and allows for yield generation within a compliant, risk-managed environment, as stated in a Tuesday announcement.
“With Crypto Finance AnchorNote, we are bridging a significant divide between custody and capital efficiency,” stated Philipp Dettwiler, head of custody and settlement at Crypto Finance. Initially, the service will target the Swiss market, with plans for a broader European launch in the near future.
The system incorporates BridgePort as a middleware solution to streamline communication between exchanges and custodians. “In collaboration with BridgePort, we are providing a comprehensive solution that enables institutional clients to operate securely, flexibly, and in real time,” Dettwiler remarked.
Related: Deutsche Boerse to launch Bitcoin, Ether institutional custody
AnchorNote simplifies collateral transfers
Crypto Finance has claimed that AnchorNote streamlines the process of transferring collateral between platforms efficiently. Institutions can utilize the service via a user-friendly interface or through a direct API connection.
“This infrastructure establishes the foundation for the scalable asset mobility that institutional traders require,” noted BridgePort CEO Nirup Ramalingam.
Crypto Finance is regarded as a provider of institutional-grade digital asset investment products, custody, and trading services. Last February, its German subsidiary acquired four licenses from the German Federal Financial Supervisory Authority (BaFin). Additionally, the platform is regulated by the Swiss Financial Market Supervisory Authority (FINMA).
In 2021, Deutsche Börse acquired a majority stake in Switzerland-based Crypto Finance Group. Crypto Finance already offers its products on the SIX exchange in Switzerland, where it launched the first Swiss crypto asset investment fund.
Cointelegraph reached out to Crypto Finance for comment but had not received a response by the time of publication.
Related: Deutsche Bank-backed EURAU stablecoin launch: Key things to know
Coinbase integrates ClearLoop for off-exchange settlement
In July, Coinbase International Exchange joined Copper’s ClearLoop network to provide institutional clients with off-exchange settlement options, reflecting the increasing demand for more efficient trading. This integration enables near real-time trade settlements without the necessity of moving assets onto the exchange.
In March, Sygnum also formed a partnership with the crypto derivatives exchange Deribit to offer institutional traders off-exchange custody via its Sygnum Protect platform.
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