DeFinity Markets Partners with Utila
DeFinity Markets has partnered with Utila to enhance institutional access to digital asset markets. The partnership focuses on providing secure fiat on/off ramping and foreign exchange (FX) solutions. By integrating their technologies, both companies aim to simplify digital asset operations for institutional clients.
Details of the Partnership
DeFinity Markets specializes in institutional digital asset trading and FX solutions. Utila offers a secure, non-custodial wallet infrastructure that supports multiple blockchain networks. Their chain-agnostic approach eliminates the need for custody, improving security and flexibility. The partnership combines DeFinity’s advanced order matching and settlement system with Utila’s infrastructure to create a seamless solution for institutional clients.
Security and Compliance Enhancements
DeFinity Markets has integrated Fireblocks to improve the security of digital asset operations. Fireblocks enables API-based secure transaction processing, reducing operational risks. Additionally, DeFinity now uses Chainalysis for compliance. Chainalysis’ KYT (Know Your Transaction) tool supports real-time transaction monitoring, ensuring regulatory adherence and transparency for institutional investors.
Institutional Benefits
The partnership allows institutions to move capital efficiently between traditional finance and digital assets. Utila’s non-custodial wallet improves security while maintaining flexibility. DeFinity’s infrastructure enhances trading and settlement speed. The fully integrated framework ensures compliance with regulatory standards, reducing operational complexities for institutional investors.
Effects on Users
This update will likely have these benefits for users:
Easier Access to Digital Asset Markets
Traders and investors can now move funds between fiat and digital assets more efficiently. The partnership provides a secure on/off ramping solution.
Improved Security for Transactions
Fireblocks integration ensures API-based secure digital asset transactions. This reduces the risk of hacks and unauthorized access.
Stronger Compliance Measures
Chainalysis KYT enables real-time transaction monitoring, ensuring all trades comply with regulations. Investors benefit from improved transparency and reduced legal risks.
Faster and More Efficient Trading
DeFinity’s advanced order matching and settlement system enhances trade execution speed. Users can enter and exit positions more efficiently, minimizing slippage and delays.
Lower Custodial Risks
Utila’s non-custodial wallet infrastructure means traders control their own assets. This eliminates the need to rely on third-party custodians.
About DeFinity Markets
DeFinity Markets is an institutional digital asset Electronic Communication Network (ECN) and decentralized finance (DeFi) marketplace. They specialize in providing liquidity across major digital assets, including stablecoins. They support fiat currencies such as GBP, EUR, and USD. Their platform offers advanced order matching, settlement solutions, and seamless fiat on/off ramps.
About Utila
Utila offers an enterprise-grade crypto operations platform for institutions. They provide a secure, non-custodial, chain-agnostic wallet infrastructure powered by Multi-Party Computation (MPC) technology. Their platform enables institutions to manage digital assets across multiple blockchains, wallets, teams, and users in one place. Utila aims to simplify digital asset management without compromising security or usability. In March 2024, they secured $11.5 million in seed funding from NFX and Wing VC.
Summing Up
The collaboration between DeFinity Markets and Utila strengthens security, compliance, and operational efficiency in institutional digital asset trading. The partnership is expected to drive greater institutional participation in digital asset markets by providing a secure and efficient on/off ramping system.
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