Mercury Digital Assets invests in crypto data analytics RiskSmith

Rick Steves

“We see great value in how RiskSmith solves the pain points of individual investors of digital assets.”

Mercury Digital Assets has invested in a million-dollar pre-seed funding round for RiskSmith, a professional-grade portfolio toolkit for individual investors.

Mercury is a digital asset and cryptocurrency trading technology provider with a team specialized in low-latency trading systems, for both traditional capital markets and the crypto market.

The investor will thus bring decades of expertise to the partnership as RiskSmith boasts a database tracking more than 10,000 crypto pairs, giving users a view of how crypto assets and equities work together in a portfolio.

RiskSmith offers an analysis dashboard for retail traders that pairs seamlessly with their existing broker account, and providing risk-centric metrics that were previously available only to institutional investors.

RiskSmith’s database tracks over 10,000 crypto pairs

Tony Saliba, Chief Executive Officer at Mercury Digital Assets, commented: “We see great value in how RiskSmith solves the pain points of individual investors of digital assets. We are thrilled about this partnership and together we can help individual investors navigate and grow their investments with institutional-grade tools.”

2021 saw the single largest spike in new retail investors in history, but they were met with unprecedented volatility and an intimidating bear market. Many popular web-based brokers offer only a thin layer of metrics, and their customers are left unprepared to manage risk at this level.

Richard Smith, Co-Founder at RiskSmith, said: “We’re excited to give everyday investors the tools they’ve always needed but never had, and Mercury’s lead role in this funding round is a vital contribution to help us create that future. We’re serving the next generation of confident, successful investors.”

Mercury Digital Assets offers institutional-grade solutions for OTC desks, exchanges, professional trading groups, custodians, and asset managers looking to enter the world of crypto.

Mercury tapped FCA-authorized Enigma Securities’ liquidity

Mercury has recently partnered with Enigma Securities, an FCA regulated cryptocurrency liquidity provider, to provide their clients access to Enigma Securities’ institutional-grade liquidity.

Mercury’s automated OTC platform solution and order and execution management system will now give clients access to Enigma Securities’ liquidity. The integration supports access to over 40 digital assets that can be settled quickly in crypto or major fiat currencies, like USD, EUR, GBP and more.

Mercury clients will be able to use Enigma’s post-trade settlement offering (no pre-funding required), along with settlement flexibility for either same day settlement or delayed settlement.

In addition, clients can create turnkey, branded OTC offerings for brokers, exchanges, bitcoins ATMs, and other sell-side firms that provide a 24/7 trading platform to their clients using Enigma Securities’ liquidity, automating bid-ask spread mark ups, and other operational tasks, connecting to third-party custodians like Fireblocks, and more.

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