The institutionalization of digital assets has taken a major step forward with a new partnership between Itiviti and Diginex. The combination of Diginex's digital asset market expertise with Itiviti's global NYFIX connectivity platform and Tbricks multi-asset execution automation solution helps solve the challenges faced by financial institutions keen to access and trade cryptocurrencies.
“Cryptocurrencies are moving from being a speculative investment predominantly used by retail investors and some hedge funds to becoming a more mainstream asset class,” says Bobby Rahman, Head of Strategic Partnerships at Itiviti. “As institutional firms increasingly accept or adopt cryptocurrencies, we are seeing a surge in demand for greater standardization to connect to and trade with this new asset class.”
In April, Diginex, a digital asset financial services and advisory company headquartered in Hong Kong, partnered with Itiviti to provide its institutional investors with NYFIX connectivity. The FIX-based order routing network connects over 1,600 buy-side, sell-side, and trading venues across all asset classes, combining state-of-the-art technology and network infrastructure to deliver continuous service and performance. The companies extended their partnership in July to include Itiviti's Tbricks automated solution for risk, P&L, and portfolio management.