Financial Conduct Authority (FCA)-regulated Bitpanda Custody has joined the decentralised financial market infrastructure (dFMI) Bosonic Network.
Bitpanda Custody has joined the network to meet the growing demands for institutional clients who are seeking a UK-based digital asset custodian.
Bitpanda Custody (formerly known as Trustology) will also join the Bosonic Cross
Custodian Net Settlement (CCNS) working group as Bosonic prepares to launch
the service later this year.
The initiative aims to set a new standard for payment versus payment (PvP) atomic swap settlement and netting across a global network of independent custodians, eliminating counterparty credit and settlement risk between these institutional players.
Commenting on the news, Rosario Ingargiola, CEO of Bosonic, says: “The need to protect clients’ data and assets is paramount and fundamental to the fiduciary responsibility of these clients. We are delighted to have Bitpanda Custody join the Bosonic Network and look forward to helping them service their institutional clients.”
Alex Batlin, Managing Director of Bitpanda Custody, comments: "Bitpanda Custody is
pleased to join the Bosonic working group to help institutional clients reduce end-of-day settlement risk and costs, whilst improving capital efficiency, all backed by an
insured, regulated crypto custodian."
