CoinRegTech adds support to CFTC-registered KOR’s SDR
KOR Financial has partnered with CoinRegTech in order to deliver an industry-defining regulatory reporting solution to the cryptocurrency community.
KOR is a cloud-based CFTC-registered Swap Data Repository (SDR) with a fully integrated reporting platform. Its Reporting-as-a-Service (RaaS) technology helps cryptocurrency participants and platforms with sub-second processing, 24/7 availability, API enabled features, and pattern machine learning.
CoinRegTech is specialized in regulatory technology for the digital asset and cryptocurrency marketplace. Its platform facilitates CFTC and SEC/FINRA trade reporting, position limit monitoring, and other compliance services enabling digital asset participants to meet their regulatory obligations.
The leader in compliance in digital assets, securities and commodities markets, will now support reporting to KOR SDR.
Common understanding of where regulation is headed
The partnership will help enhance both firms’ offerings in a crucial time of unique challenges as they have a common understanding of where regulations are heading.
Jonathan Thursby, founder and CEO at KOR Financial, said: “As a modern SDR with the flexibility to support emerging assets, we are a natural fit for market participants in cryptocurrencies. Few have developed a better understanding of where regulations over digital assets are going and have the solutions to meet them than the partnership of CoinRegTech and KOR.”
Bruce Tupper, President and Founder at CoinRegTech, added: “Unprecedented regulatory changes are happening in digital asset markets that will usher in a new era of compliance duties. CoinRegTech was early to this space with vital support that enables central providers of digital assets to seamlessly navigate regulated markets. We are pleased to partner with KOR and their noval and fit for purpose trade reporting capabilities to these fast-growing markets.”
KOR Financial and CoinRegTech are closely watching as U.S. and international regulators continue to expand their oversight and enforcement of smart contracts, cryptocurrencies and stablecoins.
Both firms believe the landscape will continue changing in the next few years and central providers who have a well-developed regulatory strategy, including strong trade reporting infrastructure and compliance controls, will be market leaders.