CHICAGO (PRWEB), May 11, 2022 - Spotex LLC, a forex and
precious metals electronic communications network, and Etana Custody,
a Chartered Trust company, announced that they have executed the
first fully funded and physically settled cryptocurrency trades
between two Etana Custody held clients.
Etana's industry-leading custody and
trade support solutions for fiat and digital assets provide clients
with flexibility and peace of mind. As an independent, regulated custodian,
Etana allows institutions to buy and sell fiat and digital assets directly from custody,
eliminating risky transfers and inefficient transactions.
Spotex's FIX compliant technology infrastructure
paves the way for traditional financial participants to cross over
into decentralized financial markets. Given the need for a reliable 24/7 execution network,
adding digital assets to Spotex's product base was a logical progression.
Brandon Russell, CEO of Etana Custody, commented,
"Partnering with Spotex's established ECN and existing Institutional client base
has enabled Etana Custody to broaden its Institutional client reach.
As Institutional adoption of digital assets continues to grow,
having a reliable partner in Spotex that provides Institutional grade pre and post-trade
execution services is vital to our growth in this sector."
"We are excited to have entered the digital space with an accredited,
regulated custodian like Etana Custody," said John Miesner, CEO of Spotex LLC.
"Whether digital or fiat, Institutional clients have expressed significant concern
regarding the safety of their assets. Etana fulfills those needs for financial institutions
entering the digital marketplace,
from the custody of assets to buying power to physical settlement."
For more information, visit https://www.etana.com/etana-spotex-partnership
Following this announcement, Etana Custody and Spotex LLC will
broaden their partnership to create additional opportunities and innovative solutions
for clients pursuing a simpler, more secure experience in the digital asset class.
About Spotex LLC
Spotex enables institutions to trade in a low latency ECN
central limit order book (CLOB) or their own disclosed DMA liquidity pools
with preferred liquidity providers. Leading Sell-side and Buy-side liquidity providers
are connected to Spotex.
Spotex provides foreign exchange electronic execution,
liquidity solutions, and digital technology to participants of global foreign exchange
and digital markets. The Spotex ECN is supported by leading banks, hedge funds,
proprietary trading firms, broker-dealers, prime brokers, and digital custodians.
Spotex technology and liquidity solutions enable brokers
and institutional market participants to create innovative FX and Digital trading paradigms.
These include disclosed DMA liquidity pools for institutions, discrete liquidity hubs for Brokers,
and direct access to a low latency ECN. Visit https://www.spotex.com.
About Etana Custody
Etana Custody Ltd. is a Colorado chartered trust company regulated
by the State of Colorado Division of Banking. Etana offers global custody
and trade support solutions for institutions, corporations, exchanges,
and individuals as an independent, qualified custodian.
Etana's industry-leading custody and trade support solutions
allow clients to manage their fiat and digital assets from one location in a secure
environment linked to many service provider options. Visit https://www.etana.com