The authorisation specifically applies to the company’s execution management system in reaction to security tokens and derivatives, which allows clients to connect to and trade on global crypto exchanges and over-the-counter venues
The ownership consortium now consists of 11 global clearing firms and the Futures Industry Association, with total funds raised reaching US$84.2 million
Following regulatory approval from Luxembourg financial regulator Commission de Surveillance du Secteur Financier, the Group now owns 100 per cent of the company