Rialto Trading, an (ATS), announced on Thursday that it is partnering with digital asset trading platform, , to create a digital securities trading platform. Pending regulatory approval, Rialto will expand its ATS to include blockchain-based digital securities.
Rialto Trading’s ATS is currently regulated for trading fixed income products. The expanded platform will utilise Rialto’s broker-dealer ATS and Bittrex’s knowledge of blockchain technology and cryptocurrency trading. Together, the two firms aim to create a comprehensive securities offering. According to the statement, both companies are in talks with regulators to launch the expanded platform.
The updated platform will allow investors to trade US dollar trading for digital securities. Rialto will also provide a suite of other services, such as issuance advisory services, placement, trading and custody.
The new platform will be targeted towards institutional investors
The ATS will be targeted towards , accredited investors, corporations and U.S.-registered broker-dealers to trade the digital securities. The platform is also seeking issuers who are interested to list their digital securities on the expanded platform.
Source: Rialto Trading Technology
“By working together, we’ll be able to expand our current client offerings to not only include digital securities, but also provide them access to a globally advanced and reliable trading platform.”
Source: 공감신문
“We’re merging Bittrex’s technology, cybersecurity and blockchain expertise with Rialto’s deep knowledge of the securities industry. And, when you add that foundation with Rialto’s extensive background in financial services, including Shari’s experience at Goldman Sachs and Deutsche Bank, this new venture is well-positioned to further advance blockchain’s adoption by offering a comprehensive solution at the right time.”
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