EDX Markets Partners With Paxos For Custody Services
EDX Markets (EDXM), the latest institutional crypto player, stated today that it will cooperate with Paxos as its custodian.
According to a press release, Paxos is regulated by the New York Department of Financial Services and will keep all EDXM customer assets in a bankruptcy-remote trust, in completely segregated US accounts.
The exchange, which is sponsored by Citadel Securities, Charles Schwab, and Fidelity Investments, expects to debut before the end of the year. According to the firm’s CEO Jamil Nazarali, compliance and security are major differentiators of EDXM’s solution.
Jamil Nazarali stated:
“With compliance and security as key differentiators of EDXM’s offering, we are thrilled to partner with Paxos to deliver the gold standard in digital asset custody services to our investors. With Paxos’ best-in-class solutions along with MEMX’s technology powering the exchange, EDXM now has all the tools to make institutional-grade digital asset trading available to investors for the first time.”
MEMX, a market operator launched in 2019, will offer EDXM with technical infrastructure. MEMX was developed by Bank of America Merrill Lynch, Charles Schwab, and Citadel Securities, among others, with Nazarali serving as worldwide head of business development.
“Paxos is redefining financial markets by building regulated solutions that enable the movement of all assets at any time in a trustworthy way. Together with EDXM, we are creating an easy path for banks and other financial institutions to access crypto markets in the most regulated way available,” said Paxos Head of Strategy, Walter Hessert.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Author
News
EDX Markets Partners With Paxos For Custody Services
EDX Markets (EDXM), the latest institutional crypto player, stated today that it will cooperate with Paxos as its custodian.
According to a press release, Paxos is regulated by the New York Department of Financial Services and will keep all EDXM customer assets in a bankruptcy-remote trust, in completely segregated US accounts.
The exchange, which is sponsored by Citadel Securities, Charles Schwab, and Fidelity Investments, expects to debut before the end of the year. According to the firm’s CEO Jamil Nazarali, compliance and security are major differentiators of EDXM’s solution.
Jamil Nazarali stated:
“With compliance and security as key differentiators of EDXM’s offering, we are thrilled to partner with Paxos to deliver the gold standard in digital asset custody services to our investors. With Paxos’ best-in-class solutions along with MEMX’s technology powering the exchange, EDXM now has all the tools to make institutional-grade digital asset trading available to investors for the first time.”
MEMX, a market operator launched in 2019, will offer EDXM with technical infrastructure. MEMX was developed by Bank of America Merrill Lynch, Charles Schwab, and Citadel Securities, among others, with Nazarali serving as worldwide head of business development.
“Paxos is redefining financial markets by building regulated solutions that enable the movement of all assets at any time in a trustworthy way. Together with EDXM, we are creating an easy path for banks and other financial institutions to access crypto markets in the most regulated way available,” said Paxos Head of Strategy, Walter Hessert.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Other Posts
Related Posts
Latest
Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!
Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!
Press Release
The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!
Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
