DeFinity Markets, a platform that provides institutional
digital asset trading and fiat solutions, has partnered with Utila, a crypto
operations platform aimed at enterprises. The collaboration aims to improve
institutional clients’ access to digital asset markets, offering secure fiat
on/off ramping and foreign exchange (FX) solutions.
DeFinity Partners with Utila for Institutional Solutions
“We are
thrilled to partner with Utila to further enhance our offering for
institutional clients,” said Manu Choudhary, CEO and founder of DeFinity
Markets.
DeFinity’s recent integration with Fireblocks, which enables
secure API-based digital asset operations, demonstrates its focus on
strengthening security measures.
“Secure
and efficient fiat on/off ramping and FX solutions are critical for
institutions entering the digital asset space. Utila’s robust platform
complements our existing infrastructure and allows us to provide a truly
comprehensive solution” Choudhary added.
FX and Digital Asset Solutions Combined
With this new partnership, DeFinity combines its advanced
order matching and settlement capabilities across both FX and digital assets
with Utila’s secure, non-custodial wallet infrastructure. Utila’s platform is
chain-agnostic, meaning it supports a variety of blockchain networks without
the need for custody, further enhancing security and flexibility for clients.
“Our shared focus on security, compliance, and
operational efficiency makes this partnership a natural fit. We believe that by
combining our strengths, we can empower institutions to confidently navigate
the complexities of the digital asset market,” Bentzi Rabi, CEO and
founder of Utila, said.
Integrated Solution for Institutional Capital Movement
Together, the two companies aim to create a comprehensive
solution for institutional clients, allowing them to manage their digital asset
operations seamlessly. This includes everything from fiat on/off ramping to
trading and settlement, all within a unified framework that adheres to
regulatory and compliance standards.
“The seamless
fully integrated solution will simplify the process for institutions to move
capital between traditional finance and digital asset markets,” Michael
Siwek, CRO and founder of DeFinity Markets, concluded.
DeFinity Partners with Chainalysis for Security
Meanwhile, DeFinity
Markets has integrated Chainalysis, a blockchain data platform, into its
institutional digital asset platform to enhance risk management and compliance,
as reported by Finance Magnates.
Chainalysis offers blockchain analytics and compliance tools
to clients worldwide, supporting real-time transaction monitoring. The
integration of Chainalysis’ KYT (Know Your Transaction) solution aims to
improve transaction oversight, ensuring regulatory adherence and boosting
transparency and security for institutional investors.
This article was written by Tareq Sikder at www.financemagnates.com.
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