Crypto Finance, a division of Deutsche Börse Group, is rolling out Crypto Finance AnchorNote, a new tool designed for institutional investors. It offers a way to manage cryptocurrency dealings without the need to rely on conventional crypto trading platforms.
As detailed in a press statement released on September 16, the new mechanism enables institutions to execute transactions while their digital holdings remain securely stored with a qualified custodian. This strategy negates the need for moving assets across various platforms and streamlines settlements outside traditional exchange environments.
Additionally, this setup presents an avenue for institutions to potentially earn returns on their held crypto assets, all within a framework that complies with existing regulations.
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Initially, the service will be limited to Switzerland. The company has plans for broader availability across Europe in the future.
To facilitate the operation, Crypto Finance has collaborated with BridgePort, a technology provider specializing in messaging infrastructure that connects exchanges and custodians. This partnership is key for enabling secure off-exchange settlements while retaining full asset control.
Nirup Ramalingam, CEO of BridgePort, stated:
This foundational structure provides the asset mobility infrastructure that institutional traders require for scaling their operations.
Philipp Dettwiler, Head of Custody & Settlement at Crypto Finance, explained that the product is designed to bridge the divide between secure asset storage and effective capital deployment. According to him, the solution furnishes institutions with safe, adaptable, and rapid trading and settlement possibilities.
Institutions can access the system either through a web interface or directly using an API. The platform also simplifies collateral transfers between various exchanges.
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