PvP settlement infrastructure Bosonic adds BEQUANT as Crypto LP

Rick Steves

“The combination of BEQUANT’s deep liquidity and Bosonic’s market leading real-time PvP settlement infrastructure, provides institutional clients and exchanges with a powerful proposition to access the best liquidity, and avoid bilateral credit lines with counterparties.”

Prime Broker and digital asset exchange BEQUANT has joined the Bosonic Network, operated by a decentralised Financial Market Infrastructure (dFMI), Bosonic, to connect to institutional clients.

The network gathers digital asset custodians and liquidity partners in one place to deliver secure access to the digital assets markets, with a market-leading layer-2 blockchain for payment versus payment (PvP) settlement which eliminates counterparty credit and settlement risk.

As the new player entering the Bosonic network, BEQUANT offers an institutional trading platform with low-latency access to liquidity, and direct market access for investors across 13+ CeFi exchanges and two brand new DeFi protocols.

BEQUANT offers DMA to major venues and DeFi offering

BEQUANT has recently launched a DeFi platform for institutional clients, in partnership with crypto custodian Fireblocks. Uniswap is the first DeFi protocol accessible through BEQUANT’s DeFi offering, but other decentralized exchanges (DEXs) will be integrated in the near future.

The firm’s bespoke platform will enable clients to cross-margin between centralized and decentralized exchanges, making arbitrage trading more efficient, without the need for any additional software and multi-signature security protocols.

BEQUANT already provides direct market access to multiple trading venues, simplified KYC, and compliance verification to more than 150 institutional clients.

The new partnership is expected to provide an added layer of fiduciary security across the crypto trading lifecycle and enable network members to leverage BEQUANT’s liquidity while enjoying access to Bosonic’s custodial partners.

The firm’s offering includes transfer management, cross-margining, and leverage as well as access to a dozen crypto exchanges, including KuCoin, Binance, FTX, BitFinex, OKX, and its very own BEQUANT Exchange.

Bosonic offers secure PvP settlement infrastructure, no credit lines

Jason Nabi, Chief Revenue Officer at Bosonic, commented: “Bosonic enables institutional clients to trade on aggregated global liquidity across exchanges and market makers from their own regulated custodian account. The combination of BEQUANT’s deep liquidity and Bosonic’s market leading real-time PvP settlement infrastructure, provides institutional clients and exchanges with a powerful proposition to access the best liquidity, and avoid bilateral credit lines with counterparties.”

“Bosonic’s atomic settlement protocols removes the friction that exists in the markets today with its instantaneous settlement and clearing capabilities, ultimately providing safety to institutional clients seeking digital asset exposure. We are delighted to welcome BEQUANT to our industry-leading Bosonic Network.”

George Zarya, Founder and CEO at BEQUANT, added: “Our institutional client base allows us to monitor the industry closely and be at the forefront of new advancements in the digital assets trading markets. Bosonic has an amazing offering and we are excited to have them onboard our unique, market-leading prime brokerage platform.”

Read this next

Uncategorized

US and South Korea seek extradition of Luna founder Do Kwon

Both US and South Korean officials are seeking to extradite Terraform Labs CEO Do Kwon, just hours after he was arrested in Montenegro.

Retail FX

Pepperstone UK doubles profit, client assets in 2022

The London-based entity of Australian FX broker Pepperstone has reported its financials for the fiscal year ending June 30, 2022. The group had outperformed the last year’s flat performance, having doubled revenues and boosted the broker’s bottom line and shareholders’ fortunes.

Institutional FX

CLS FX volume rises to just shy of $2 trillion in February

Foreign exchange settlement provider, CLS Group saw strong volumes in February 2023 as the banking crisis continues to weigh on a world economy that’s yet to fully recover from the Russia-Ukraine war’s shocks.

Digital Assets

Binance restores trading after 2-hour outage

Binance suffered a breakdown on its trading engine that lasted for about two hours, but the premier cryptocurrency exchange finally managed to restore normal operations at around 14:00 UTC.

Digital Assets

Tether earns $700 million in Q1, taking excess reserves to $1.6 billion

Tether chief technology officer Paolo Ardoino said the world’s largest stablecoin issuer expects to earn more than $700 million in the January-Mach quarter, which will be added to the reserve backing its stablecoin (USDT).

Digital Assets

Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures

Narwhal Finance received strong support from Animoca Ventures and angel investors in a $1 million seed funding round, reinforcing the company’s vision of providing an accessible platform to all.

Technology

SteelEye tries ChatGPT for market surveillance

This capability can be used as a starting point for initiating a surveillance investigation and to standardize workflow processes to boost the throughput and consistency of cases. It is also useful when analyzing communications in foreign languages, as the system returns the above insights in English regardless of the languages being used.

Industry News

SEC charges ex-Morgan Stanley advisor of NBA players after $13m fraud

Darryl Matthew Cohen was arrested this week and is facing three different federal counts of fraud, which could amount to 20 years in prison if convicted, besides the SEC complaint. 

Industry News

AWS FinTech Africa Accelerator launched, applications until April 27, 2023

Founders will be offered tech resources, expert guidance, and a global network of industry leaders, technologists, entrepreneurs, investors, associations, and partners, in order to build their fintech products. 

<