Torstone Technology partners with Digivault 05 May 2021UK Reporter: Maddie Saghir
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Torstone Technology is set to provide enhanced post-trade services as part of its new partnership with Digivault, a digital asset custody provider and custodial arm of Diginex.
The partnership will also enable Torstone Technology’s customers access to digital asset custody solutions.
Digivault will leverage the Torstone Technology cross-asset platform including cryptocurrencies and tokenised assets, giving clients the flexibility to handle all of their crypto trading in a single post-trade solution leveraging Digivault for digital asset custody.
This partnership will provide Digivault clients with an institutional-grade book-of-records functionality which is critical for regulatory compliance, and auditors.
It will also integrate and leverage both firms’ cloud infrastructure, with the Torstone platform providing a bridge between movement of traditional securities and fiat payments with digital assets, spanning standards and networks like FIX and SWIFT with digital networks and crypto custody.
Brian Collings, CEO, Torstone Technology, says over the last year, Torstone has seen a significant increase in interest in digital assets from its clients.
Collings continues: “Recognising the needs of the industry to consolidate traditional assets and digital assets on a single processing platform, we are now extending our multi-asset capabilities of crypto currencies and tokenised assets to custody and partnering with Digivault, a leading custodian of digital assets. This is an exciting growth area, and we look forward to continuing to work with our new partner Digivault.”
Robert Cooper, CEO, Digivault, says: “Our partnership with Torstone offers financial institutions assurance that their post-trade operations, including custody, are being managed safely while meeting regulatory standards.”
“This transparency and the ability to simply manage cryptocurrency back-office processes alongside traditional assets is becoming an essential capability for investors and is a window into the future of investment,” adds Cooper.
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