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Laxman Pai, Opalesque Asia: The institutional investment and trading platform for crypto-assets Omniex has extended its integration with industry custody providers to include the crypto custody provider Kingdom Trust, which has $12bn in assets under custody.
The San Francisco-based institutional operating platform said in a press release that it has been enhancing its post-trade processing component, the Omniex Settlement Center (OSC), for the OTC market as part of its mission to make the end-to-end crypto investment and trading process as seamless as possible for clients.
The release quoted Omniex CEO and co-founder Hu Liang as saying: "Whereas on-exchange the crypto settlement process is taken care of by the exchange, in the OTC space it has been like going back to the Stone Age, an all-manual process that has been a thorn in the side of clients."
"With continued development, the OSC will be vital to supporting and growing crypto's OTC markets. Our recent partnership with Kingdom Trust is a key step toward our vision," Hu added.
Omniex offers its all-institutional client base portfolio and risk management, trade execution, investment operations, and compliance solutions. Its execution management system (EMS) offers connections to the major crypto exchanges as well as key OTC providers.
As part of this partnership with Kingdom Trust, mutual clients will be able to view and analyze assets held at the custodian, said the release.
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