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Fireblocks Joins Stablecoin Standard

PRNewswire — Tue, 06 Aug 2024 18:00:52 +0000

Stablecoin Standard, the industry body for stablecoin issuers globally, has announced that Fireblocks, an enterprise platform for building blockchain applications and managing digital asset operations, has joined as an industry partner to help establish security standards for the issuance of stablecoins.

Stablecoins – a type of digital asset whose value is pegged to a specific asset or basket of assets – offer a host of benefits in areas such as cross-border and tokenized money payments, including enabling instant transactions, increasing efficiency, and reducing costs. They also continue to serve as a crucial gateway, or on- and off-ramp, between traditional fiat currencies and the digital asset ecosystem, with the fiat-backed stablecoin market capitalization currently valued at $151.5 billion.

As a leading digital asset infrastructure provider and multi-party computation (MPC) technology pioneer, Fireblocks ensures the secure moving, storing, and issuing of digital assets, having secured the transfer of over $6 trillion in digital assets. Since its first bank-issued stablecoin in March 2022, Fireblocks has delivered more than 10 stablecoin projects and is in active conversations with more than 25 banks globally who are exploring the creation of bank-issued stablecoins or tokenized deposits. Within the next two years, Fireblocks expects the value of tokenized money on the blockchain to reach $450 billion.

Stablecoin Standard will leverage Fireblocks’ expertise in this realm, drawing from its extensive experience with deploying and securing smart contracts across 70+ blockchains – including public, private, and permissioned blockchains – for some of the largest financial institutions in the world such as ANZ Bank, Tel Aviv Stock Exchange, and Bank of International Settlements (BIS) Innovation Hub’s Project Mariana.

Ran Goldi, SVP Payments and Network at Fireblocks, who joins the Stablecoin Standard’s Advisory Board, said, “Becoming a member of Stablecoin Standard aligns with Fireblocks’ mission of enabling every business to easily and securely support digital assets, ensuring security is front and center of stablecoin issuance. We believe that all forms of money will be tokenized, and to make sure we are not creating a non-interoperable world, we need to put in the work, and collaborate as an industry on the fundamental standards moving forward.

Varun Paul, Senior Director, Financial Market Infrastructure & CBDC Business Lead at Fireblocks, also joins Stablecoin Standard’s Policy Working Group. Paul previously spent over 14 years at the Bank of England (BoE), most recently serving as the Head of its Fintech Hub.

Christian Walker, Chairman & Co-founder of Stablecoin Standard, commented, “In working with Fireblocks, we hope to leverage their extensive expertise in building best-in-class wallet infrastructure, setting the industry standard for both compliance and security for digital asset wallets. Having Fireblocks onboard will be key as we look to push these standards globally, and we look forward to collaborating with more experts to establish comprehensive industry standards for what is arguably digital assets’ strongest use case: stablecoins.”

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Franklin Templeton Launches Franklin Ethereum ETF (EZET)

BusinessWire — Wed, 24 Jul 2024 16:30:12 +0000

Franklin Templeton launched its second digital asset-backed exchange-traded fund (ETF), the Franklin Ethereum ETF, under the ticker EZET. It is offered on the Cboe BZX Exchange, Inc. and priced at 0.19%, or 19 basis points. Franklin Templeton has agreed to fully waive fees to 0.00% until January 31, 2025, for the first $10.0 billion in fund assets. The fund is a spot ether (ETH) ETF available for U.S. investors and seeks to reflect the performance of the price of ether, less the expense of fund operations. EZET is the latest offering on the growing Franklin Templeton Digital Assets and ETF platforms.

“After the success of our spot bitcoin ETF (EZBC) launch in January, we are proud to add EZET to our growing lineup of digital asset ETFs,” said Patrick O’Connor, Head of Global ETFs for Franklin Templeton. “With EZET, we are thrilled to offer our clients additional access to the digital asset ecosystem within a regulated fund structure that integrates seamlessly into traditional portfolios.”

Since 2018, Franklin Templeton Digital Assets has been building blockchain-based technology solutions, running node validators, and developing a wide range of investment strategies. The firm’s dedicated digital assets research team leverages fundamental “tokenomic” analysis, insights from an embedded data science team and deep industry connections to help inform product development and investment decisions.

“We have been active participants and builders in the digital asset ecosystem since 2018 and have seen the transformative power of blockchain technology firsthand,” said Roger Bayston, Head of Digital Assets at Franklin Templeton. “Ethereum has been at the forefront of Web3 innovation with things like smart contracts and the Ethereum Virtual Machine and we’re excited to bring that technology revolution to our clients.”

Established in 2016, Franklin Templeton’s U.S. ETF platform provides solutions for a range of market conditions and investment objectives through active, smart beta and passively managed ETFs. Franklin Templeton offers over 100 ETFs globally with combined assets under management (AUM) of over $20 billion as of June 30, 2024.

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HTX Integrates Fireblocks Off Exchange

PRNewswire — Thu, 18 Jul 2024 17:30:22 +0000

HTX announces its integration of Fireblocks Off Exchange, an innovative direct custody solution that mitigates exchange counterparty risk. Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on blockchain, launched Off Exchange to enable trading firms and asset managers to trade on centralized exchanges from an on-chain multi-party computation (MPC) shared wallet. The integration of Off Exchange will help strengthen digital asset security, streamline global compliance operations, and create a better virtual asset trading experience for HTX users.

Off Exchange effectively mitigates exchange counterparty risk by allocating and mirroring assets from a wallet both institutional traders and exchanges mutually control, leveraging Fireblocks’ MPC technology and on-chain settlement. In the last 90 days, the Fireblocks Network, upon which Off Exchange was deployed, facilitated over $200 billion in transactions between institutional traders and over 30 connected exchanges.

In March 2023, HTX joined the Fireblocks Network, an enterprise-grade digital asset transfer platform for rapid digital asset transactions and dynamic payment workflows, to facilitate seamless trading on the HTX platform, leveraging the direct custody solution offered by Fireblocks.

Fireblocks Off Exchange: Battle-Tested Technology and Real-Time Settlement

Fireblocks Off Exchange sets itself apart from other third-party custodial solutions by utilizing MPC technology to help traders mitigate exchange counterparty risk by locking funds in secure MPC-based shared wallets.

Justin Sun, a member of the HTX Global Advisory Board, acknowledged the importance of leveraging Fireblocks, stating, “By working with Fireblocks, HTX will deliver a more secure trading environment and an enhanced user experience. HTX is committed to establishing itself as the world’s leading one-stop trading platform, earning the trust of millions of users worldwide.”

Michael Shaulov, CEO and Co-founder of Fireblocks, said, “Exchanges are increasingly looking to innovative technology and institutional-grade security to address the challenges around counterparty risk and to ensure customer funds are protected. Fireblocks Off Exchange provides HTX with the ability to monitor and validate client collateral on-chain and enforce risk management without taking custody, as well as increases liquidity and maximizes capital efficiency, creating a more secure digital asset trading environment.”

HTX Continues to Elevate User Trading Experience, Paving the Way for Freedom of Crypto Trading

HTX recognizes the launch of Fireblocks Off Exchange as a milestone in risk mitigation for over-the-counter (OTC) transactions in the cryptocurrency market. Adhering to the “User First” principle, HTX is committed to consistently reducing trading risks and enhancing the overall trading experience. By working with Fireblocks, HTX aims to contribute to a cryptocurrency ecosystem that fosters greater freedom in trading, while simultaneously decreasing risk and increasing liquidity. Users from both platforms can seamlessly perform instant transfers, payments, and other operations directly through their HTX accounts. This move enhances the platform’s global presence and provides a myriad of investment opportunities for users worldwide.

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BitMart Enhances P2P Marketplace with Instant Messaging Feature

GlobeNewswire — Wed, 03 Jul 2024 13:30:55 +0000

BitMart, a global digital asset trading platform, is excited to announce the integration of instant messaging (IM) functionality into its peer-to-peer (P2P) marketplace, enhancing user communication and transaction efficiency.

The new IM feature allows BitMart users engaging in P2P trading to communicate seamlessly with their counterparties directly within the platform. This addition is designed to streamline the trading process and provide a more interactive and secure environment for users.

Key Features of BitMart’s IM Functionality:

Instant Messaging: Users can edit and send messages instantly to the counterparty during P2P trading, enabling real-time communication for quick negotiation and transaction updates.

Picture Sharing: Facilitate transaction completion by sending related pictures, adding clarity and more trust between trading parties.

Account Information Exchange: Users can securely share account information for quick identity verification, enhancing security and reducing transaction time.

Quick Responses: Improve communication efficiency with predefined quick replies, enabling faster decision-making and transaction completion.

To celebrate the launch of the IM functionality, BitMart is hosting a special promotion from now until July 28, 2024. During this period, users participating in BitMart’s P2P trading have a chance to earn Futures bonuses and QUBIC for every 100 USDT deposited.

For more information on BitMart’s IM functionality and the ongoing promotion, please visit BitMart’s announcement and promotion pages.

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Fluid Tokens Launches First Fully Decentralized Rune Exchange

GlobeNewswire — Wed, 12 Jun 2024 16:00:14 +0000

Fluid Tokens, a Swiss-based company at the forefront of transforming traditional finance through permissionless DeFi solutions, has introduced new features to its decentralised exchange (DEX) for Bitcoin assets, including Runes-to-Runes trading pairs.

Focusing on UTXO blockchains like Bitcoin and Cardano, Fluid Tokens offers a diverse range of innovative financial services that empower users to leverage their assets securely and transparently.

Fluid Tokens launched the first permissionless lending platform for Bitcoin NFTs, Ordinals, which shows their experience with utxos and ability to deliver functional products.

The ability to build permissionless protocols on Bitcoin is something not so common in the space, most protocols rely on multi-signature addresses.

The Bitcoin Smart DEX for Runes, is designed to facilitate the trading and liquidity of Runes, a digital asset that has been gaining popularity within the crypto community, designed to enhance the versatility and functionality of the Bitcoin ecosystem. By streamlining token creation and ensuring compatibility with Bitcoin’s security infrastructure, Runes unlock new possibilities for enhancing the utility and reach of the Bitcoin network.

FluidTokens is a community-centric, innovation-driven platform prioritising a great user experience – listening to the community suggestions – and allowing everyone to be an active member. As the protocols are non-custodial, any user can be both a liquidity provider and a borrower! Simplifying web3 user experience to onboard non-crypto users

Since their launch Runes have made up 68% of all Bitcoin transactions since launch, which is equivalent to 2.38 million runes. Within its first week Runes generated over $135 million or over 2129 BTC in transaction fees.The biggest day of Rune transactions was on 23 April with over 750,000 transactions. The total market cap for Ordinals and Runes surged to $1.03 billion with an average daily trading volume of $2.25 million in May of this year. Data from Unisat reveals that over 11000 runes have been minted to date.

Fluid Tokens DEX key features

Fully Decentralised
FluidTokens is the first 100% permissionless lending protocol that supports Runes and Ordinals, along with all major BTC wallets. Unlike many other Bitcoin exchanges, Fluid DEX does not hold custodial Runes or BTC funds.

Trading Features

Runes Trading Pairs, Ordinals Trading

The Fluid DEX allows users to swap not only Bitcoin (BTC) for Runes but in a first in the industry also allows users to swap Runes for Runes. Decide the exact amount you want to trade with; no more bulk trades.

Order Amount Toggle

EASY & PRO Trading Modes

Orderbook DEX

The Fluid DEX employs an order book model, which is the best approach on a UTXO chain, as an Automated Market Maker (AMM) is not optimised for these types of blockchains. Orderbook is the best for liquidity providers because they don’t have impermanent loss, always present in AMM.

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Virtune Offers Innovative Staking for ETPs with Figment Inc.

GlobeNewswire — Mon, 27 May 2024 16:00:00 +0000

Virtune AB (Publ) (“Virtune”), a leading digital asset manager based in Stockholm, is pleased to announce an agreement with a second staking provider, the premier staking provider Figment Inc. . This agreement is set to enhance Virtune’s staking Exchange-Traded Products (ETPs), specifically the Virtune Staked Polkadot ETP and Virtune Staked Solana ETP.

Virtune’s staking ETPs enable investors to receive staking rewards on a daily basis which are reflected in the performance of the staking ETP. This is being made without any lock-up period for the investors in the ETPs, which can otherwise be the case when staking crypto assets.

Virtune’s innovative product portfolio currently includes five staking ETPs. These are Virtune Staked Ethereum ETP, Virtune Staked Solana ETP, Virtune Staked Polygon ETP, Virtune Staked Cardano ETP and Virtune Staked Polkadot ETP.

Initiated on February 2, 2024, this arrangement reaffirms Virtune’s dedication to advancing its staking capabilities within its crypto ETPs. Recognized globally for its staking services, Figment supports a broad range of clients, including major custody institutions, cryptocurrency exchanges, ETP providers and asset managers.

Through this agreement, Virtune will utilize Figment’s expertise to deliver efficient and robust staking solutions, and work alongside Virtune as they continuously evolve their product offerings.

“We have been impressed by Virtune’s growth in the Nordic market and are pleased to be powering the staking for Virtune’s ETPs. We look forward to continuing to work with Virtune as they develop and broaden their ETP offering in the Nordics and beyond” – Eva Lawrence, Head of EMEA, at Figment.

Enhancing Blockchain Integrity through Staking
Staking plays an essential role in the functionality of Proof of Stake (PoS) blockchains, such as Solana and Polkadot. It enables cryptocurrency holders to earn rewards by contributing to the validation and verification of transactions. This mechanism not only assures the security and authenticity of transactions but also rewards participants with rewards in the staked cryptocurrency. Given the technical and financial requisites for acting as a validator, numerous investors prefer to engage with trusted staking providers like Figment for their staking solutions.

Virtune’s Assurance of Secure and Non-Custodial Staking
Virtune remains steadfast in its commitment to security and trust, employing a non-custodial staking approach. This strategy ensures that cryptocurrencies allocated for staking are managed directly from secure, offline storage solutions, notably through custodian services like Coinbase, negating the need to transfer or lend assets to any third party.

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Paxos adds J. Christopher Giancarlo to Board of Directors

PRNewswire — Wed, 15 May 2024 17:00:08 +0000

Paxos, the leading regulated blockchain and tokenization infrastructure platform, announced it has added J. Christopher Giancarlo, former Chairman of the United States Commodity Futures Trading Commission (CFTC), to its board of directors.

A well-respected figure in the financial services industry, and a passionate blockchain technology advocate, Giancarlo brings invaluable expertise and knowledge to Paxos as it continues to lead in digital asset innovation.

Charles Cascarilla, CEO and Co-Founder of Paxos, said: “Chris brings unparalleled expertise and understanding of complex market dynamics to Paxos. He has been at the forefront of advocating for blockchain to improve the infrastructure of our financial system. His insights will support us as we expand our position as a leader in regulated digital asset market structure and stablecoin innovation. We appreciate his guidance as we grow our global regulatory footprint and facilitate the safe adoption of digital assets and blockchain.”

J. Christopher Giancarlo, incoming Paxos Board Member, said: “Paxos has established itself as the leader in bridging traditional and digital asset markets by introducing regulated solutions that are safe for institutions and consumers. I’m honored to join Paxos’s board and be a part of innovation in the financial sector. Paxos’s commitment to compliance and dedication to building a more efficient and inclusive financial system resonate deeply with me. I look forward to leveraging my expertise to help guide Paxos as it continues to revolutionize traditional finance.”

Paxos is a registered trust company and issuer of regulated digital assets PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). By leveraging blockchain technology, Paxos aims to open the financial system to everyone, creating more access and freedom for billions of people around the world. As Paxos continues to lead the way in digital asset innovation, the company remains committed to its mission of building a more inclusive and accessible financial future.

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Bybit powered by SATOS launches Bybit.nl in the Netherlands

PRNewswire — Mon, 01 Apr 2024 14:00:13 +0000

Bybit, one of the world’s top three crypto exchanges by trading volume, proudly announces the launch of its regulated digital asset platform – Bybit.nl in the Netherlands.

This strategic move comes as a result of Bybit’s ongoing commitment to providing top-tier services to users while adhering to regulatory guidelines. Bybit solidified its partnership with SATOS in June 2023, laying the foundation for today’s exciting announcement. Leveraging SATOS’s esteemed reputation and nearly a decade of industry experience, Bybit aims to establish a trustworthy trading environment for Dutch users, offering a diverse range of financial products and trading tools.

Key Benefits for Dutch Users under Bybit Powered by SATOS:

Versatile Platform and Enhanced Trading Tools: The new local regulated platform provides Dutch users with access to a versatile range of financial products, education resources and advanced trading tools, empowering them to trade with ease and efficiency.
Localized Support and Community Engagement: Bybit is committed to providing tailored support to the Dutch crypto community, offering localized assistance and fostering collaboration and innovation through community initiatives.
Gateway to Bybit Web3 Features: Dutch users will gain access to exciting new features of Bybit Web3, including the Web3 Wallet and Airdrop Arcade, enhancing their overall crypto experience in the Web3 community.

Through our partnership with SATOS, Dutch users can effortlessly deposit and withdraw fiat, trade over 300 pairs, and enjoy enhanced security measures for their crypto assets. SATOS, supervised by the Dutch National Bank, guarantees top-notch security and reliability for its users.

“We are thrilled to launch our regulated digital asset platform in the Netherlands, furthering our commitment to serving users while upholding regulatory compliance,” said Ben Zhou, Co-founder and CEO of Bybit. “Through our partnership with SATOS, we aim to provide Dutch users with a secure and seamless trading experience, backed by industry-leading security measures and unparalleled support.”

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BingX partners with Copin.io to elevate trading experience

PRNewswire — Thu, 14 Mar 2024 16:00:22 +0000

BingX, a leading global cryptocurrency exchange, is pleased to announce a significant upgrade to its broker program through a strategic collaboration with Copin.io, a digital asset financial services platform. This collaboration is set to co-create premium derivative services and elevate the trading experiences of users to new heights.

Copin.io introduces an innovative copy-trading solution tailored for the Web3 space, enabling users to discover, analyze, and replicate the strategies of on-chain traders from top crypto exchanges. By leveraging on-chain data from top exchanges, Copin.io aims to address market fragmentation and utilize this data for various applications, including copy trading, social trading platforms, and advanced trader data analysis tools.

In this partnership, Copin.io will act as an independent broker for BingX, enhancing asset protection and providing users with access to BingX’s superior liquidity experience. Users can explore, analyze, and emulate on-chain traders from BingX, leveraging unique copy-trading solutions of Copin.io designed for the Web3 space. This collaboration aligns with BingX’s commitment to offering secure and profitable trading environments.

Vivien Lin, Chief Product Officer at BingX, expressed her excitement: “We are pleased to extend our independent broker liquidity services to the global user base of Copin.io. Our goal is to expand our broker partnership network, further extending BingX’s depth and liquidity to major brokers, platforms, and institutions worldwide, driving the development of broker programs and ecosystems together.”

The partnership also extends to BingX’s Global Broker Program, which is open to all cryptocurrency brokers. This program offers opportunities to earn commissions through trading on BingX’s Perpetual Futures and Spot markets. Brokers participating in the BingX Broker Program will enjoy a range of benefits, including up to 55% in trading commissions, daily settlements, and other financial incentives. Additionally, BingX provides specialized API support tailored to individual needs, including rate limits and other exclusive services.

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FinTech Interview with Sofian Berrahal, CEO of Nexdesk

FTB News Desk — Tue, 12 Mar 2024 13:30:48 +0000

Explore Nexdesk’s transformative journey in redefining B2B digital asset OTC trading.

Sofian Berrahal, CEO of Nexdesk

1.Sofian, as the CEO of Nexdesk, please provide an overview of the platform’s mission and key offerings in the B2B self-service digital asset OTC trading space.

Nexdesk was founded to transform the OTC crypto trading landscape by building a seamless, secure, and transparent platform tailored to the needs of businesses. We offer a service that enables our clients to effortlessly transition between the fiat and digital asset worlds without any hassle. We leverage technology to drive liquidity, ensure robust compliance, and provide businesses the tools to navigate dynamic regulatory environments.

Since our inception, we helped hundreds of businesses by continuously adapting our offerings to evolving market demands – from adding new crypto assets to integrating with licensed financial partners like Nexpay. Those well-versed in digital assets turn to us for our convenience, competitive pricing, exceptional service, and our comprehensive 2-in-1 product offering with Nexpay (eliminating the need for multiple platforms). For businesses new to digital assets and eager to explore the advantages of this technology, Nexdesk facilitates this transition in a secure environment. Looking ahead, we remain committed to being the go-to OTC partner for sophisticated traders.

2.Can you share the motivations behind Nexdesk’s creation and how it has evolved to meet the changing demands of the blockchain sector since its inception?

As crypto adoption increases across retail and institutional environments, the maturity trajectory of cryptocurrency financial services closely mirrors the early stages of traditional electronic trading. Nexdesk aims to be at the forefront of this evolution as the partner of choice for sophisticated traders and asset managers seeking secure, compliant, and seamless access to this rapidly evolving asset class.

Surging interest from institutional investors on top of rising mainstream crypto adoption is driving tremendous growth for OTC trading services. The influx of asset managers and funds is increasing the adoption of regulated, centralised OTC desks for their robust compliance, security, and support.

At Nexdesk, we specifically service sophisticated traders by providing deep liquidity across blue-chip and emerging crypto assets, competitive pricing through aggregated feeds from multiple trading venues, industrial-grade compliance tools, and dedicated support and advisory every step of the way.

By relentlessly innovating and anticipating client needs, we ensure our users trade with confidence and peace of mind as market infrastructure continues advancing.

3.With the rise of decentralised OTC Desks, how do you see the landscape of OTC trade evolving, and what new trajectories do you anticipate in this space?

The OTC crypto sector is branching into two key trading profiles: centralised desks catering to institutional investors and decentralised protocols focusing on privacy. Both models can mutually coexist as they meet distinct demands. We anticipate tighter regulations will continue increasing the adoption of centralised OTC desks by asset managers and funds, drawn by robust compliance and support. In parallel, we expect to see the standardisation of decentralised protocols to address liquidity and transparency issues while retaining autonomy and security benefits.

4.Nexdesk facilitates crypto OTC trading. What factors contribute to the mounting demand for crypto OTC trading, and how does Nexdesk address the unique needs of businesses in this realm?

Several interlocking trends are fueling tremendous growth in demand for crypto OTC trading services. Most fundamentally, major financial institutions like asset managers, funds, and trusts are rapidly embracing crypto as an investable asset class following recent approvals of the first cryptocurrency ETFs. These large institutional players need secure pathways to discreetly acquire and offload substantial crypto holdings without excessive price impact – something exchanges struggle to provide.

In parallel, crypto awareness and adoption among HNWIs continues rising exponentially, creating another key customer base for OTC trading. These large individual holders equally need to discreetly cash in or out of positions with minimal public visibility.

Nexdesk is purpose-built to service these growing institutional and sophisticated crypto traders. We offer unparalleled liquidity depth to enable desk-sized trades across blue-chip cryptos and emerging niche assets without moving markets. Our pricing is highly competitive derived from aggregated feeds of both public exchanges and private OTC pools. We allow direct fiat conversion through our EU-licensed banking partner Nexpay. And our account managers provide dedicated advisory and smooth settlement execution from trade to custody.

Most crucially, we enable all this within a fully compliant framework, implementing rigorous KYC procedures, transaction monitoring, and reporting that is compliant with the latest regulatory guidelines so that clients can trade with total confidence. Nexdesk is Crypto OTC trading reimagined for institutional traders navigating a dynamic landscape.

5.Could you elaborate on the strategic partnership between Nexdesk and Nexpay, the Lithuanian licensed Electronic Money Institution (EMI) where you serve as CBO? How does this partnership empower users and streamline crypto and banking operations on a single platform?

Users can forget about having to juggle platforms. Our strategic partnership with EU-licensed payment provider Nexpay allows complete integration between crypto and fiat operations on our platform. Users can securely deposit, withdraw, and switch between popular crypto assets and fiat currencies on Nexdesk to substantially simplify payments and treasury management. By collapsing the barriers between traditional and digital asset financial services, we offer unparalleled convenience to our users.

6.In the context of decentralised OTC, what are the boons that businesses can harness, and how does Nexdesk assist in mitigating associated risks?

Decentralised OTC desks offer enticing benefits like transactional autonomy and privacy but can struggle with irregular liquidity and piecemeal compliance requirements. Nexdesk aims to deliver the best of both centralised and decentralised worlds by providing robust identity verification, smart contract-secured transactions, advanced regulatory tooling, and access to deep liquidity across both public and private markets.

7.Considering your role at Nexpay, how does Nexdesk navigate regulatory landscapes, particularly in the area of high-risk industry payments such as gaming and gambling?

Comprehensive regulatory adherence is fundamental for Nexdesk’s institutional clientele and long-term success. Our rigorous compliance program includes mandatory KYC verification, transaction monitoring procedures to identify suspicious activities, direct integration with our EU-licensed partner Nexpay for reporting obligations, and ongoing guidance as regulations shift across our global footprint. By investing heavily in compliance, we build enduring trust.

8.As a platform dealing with digital assets, security is paramount. How does Nexdesk ensure the robustness and security of financial transactions and user data on its platform?

As a digital asset trading venue, security is an unconditional priority for us. We leverage cryptography, cold storage protocols, stringent access controls, and hardware-based authentication combined with regular auditing procedures and multilayered authentication protocols to safeguard client funds and private data to the highest global standards. We are committed to continually evaluating and implementing emerging security best practices.

9.Can you share success stories or use cases where Nexdesk has played a pivotal role in facilitating B2B digital asset OTC trades for businesses navigating the blockchain sector?

Nexdesk has helped businesses discretely acquire mission-critical crypto assets, seamlessly convert holdings to fiat to fund operations, reduce transaction costs relative to spot exchanges, and proactively navigate complex cross-border regulations. Our proven execution and unmatched experience speak to the trust institutional clients place in Nexdesk as their OTC partner of choice in a dynamic market environment.

10.How does Nexdesk envision its role in the evolving blockchain and crypto landscape, and are there upcoming features or partnerships that users can anticipate for a more seamless experience on the platform?

Looking ahead, Nexdesk is focused on cementing our position as the leading institutional-grade OTC trading desk across both centralised and decentralised ecosystems. We are aggressively expanding our crypto asset offerings to remain a one-stop-shop, exploring integrations with emerging decentralised finance protocols to offer clients cutting-edge deal structures while managing risks, and actively forming strategic partnerships to continue delivering an unmatched trading experience.

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