TrigonX forms partnership with DACC

Staff WriterMarch 26, 2019
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Australian digital asset trading firm TrigonX is one of four liquidity providers to partner with Digital Asset Custody Company (DACC).

The partnership is part of DACC’s aim to give customers access to pools of liquidity and prices from some of the leading worldwide OTC desks, including TrigonX, Cumberland, GSR Markets and JST Capital LLC. 

TrigonX clients will now be able to hold digital assets (including BTC, ETH and over 100 other digital assets) with DACC and then fix a rate to sell those assets without having to move them from a qualified custodial account at DACC.

TrigonX founder and CEO Matteo Salerno said he was proud to bring this latest offering to further enhance the customer experience and overall security to TrigonX clients.

“Australia is fast becoming known across the world as the prime location for operating within the digital asset space and TrigonX is the market leaders in providing security and liquidity in the digital asset space,” said Salerno.

DACC said integrations and partnerships between OTC desks and custody solutions were a step toward institutionalisation for the digital asset investment community.

Backed by DACC’s experience with facilitating peer-to-peer transactions, clients will connect to pools of liquidity via integration in the DACC customer portal.

“We are excited to offer a service that allows our customers to connect to OTC trading desks and their pools of liquidity. Large peer-to-peer transactions are an important capability for our clients,” said DACC co-founder and chairman Doug Schwenk.

Cumberland global head Jason Leung said the firm understood the critical need for secure custodial services to help pave the way for further adoption in the space.

“We are proud to provide our principal liquidity services to firms like DACC that offer solid solutions for market participants and make the ecosystem more attractive to institutional investors.”

 

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