DACC partners with four liquidity partners
26 March 2019 Secaucus
Image: Shutterstock
DACC customers can now access pools of liquidity and prices from some of the OTC desks around the globe following the new liquidity partners
Digital Asset Custody Company (DACC) has partnered with four liquidity providers including Cumberland, GSR Markets, JST Capital LLC and Trigon X.
DACC customers are now able to access pools of liquidity and prices from some of the over-the-counter (OTC) desks around the globe.
This partnership allows DACC customers to keep their assets secure in cold storage while sourcing liquidity across a wide range of crypto assets from top providers.
Integrations and partnerships between OTC desks and custody solutions are a step toward institutionalisation for the digital asset investment community.
They will provide clients connectivity to these pools of liquidity via integration in the DACC customer portal, offering streamlined access to prices and liquidity.
Doug Schwenk, co-founder and chairman of Digital Asset Custody Company, said: “We are excited to offer a service that allows our customers to connect to OTC trading desks and their pools of liquidity.”
“Large peer-to-peer transactions are an important capability for our clients. We're proud to offer this important product innovation to our institutional customers.”
Jason Leung, global head of Cumberland, commented: “As a firm that has been active in these markets since the early days, we understand the critical need for secure custodial services to help pave the way for further adoption in the space.”
Leung added: “We are proud to provide our principal liquidity services to firms like DACC that offer solid solutions for market participants and make the ecosystem more attractive to institutional investors.”
Digital Asset Custody Company (DACC) has partnered with four liquidity providers including Cumberland, GSR Markets, JST Capital LLC and Trigon X.
DACC customers are now able to access pools of liquidity and prices from some of the over-the-counter (OTC) desks around the globe.
This partnership allows DACC customers to keep their assets secure in cold storage while sourcing liquidity across a wide range of crypto assets from top providers.
Integrations and partnerships between OTC desks and custody solutions are a step toward institutionalisation for the digital asset investment community.
They will provide clients connectivity to these pools of liquidity via integration in the DACC customer portal, offering streamlined access to prices and liquidity.
Doug Schwenk, co-founder and chairman of Digital Asset Custody Company, said: “We are excited to offer a service that allows our customers to connect to OTC trading desks and their pools of liquidity.”
“Large peer-to-peer transactions are an important capability for our clients. We're proud to offer this important product innovation to our institutional customers.”
Jason Leung, global head of Cumberland, commented: “As a firm that has been active in these markets since the early days, we understand the critical need for secure custodial services to help pave the way for further adoption in the space.”
Leung added: “We are proud to provide our principal liquidity services to firms like DACC that offer solid solutions for market participants and make the ecosystem more attractive to institutional investors.”
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