Rulematch, a notable partner of Ripple, has announced a strategic partnership with SDX (Six Digital Exchange) aimed at revolutionizing the institutional crypto trading and custody landscape. This collaboration is set to provide banks and financial institutions with an integrated platform for seamless crypto trading, settlement, and management.
📢RULEMATCH – SDX Partnership Announcement
RULEMATCH is proud to join forces with @SDX_global to bring financial institutions an end-to-end solution for trading, settlement and managing #crypto assets.
Institutions can trade on RULEMATCH with post-trade clearing and… pic.twitter.com/DjZBdyqgFs
— RULEMATCH October 17, 2024
Rulematch and SDX announce partnership (Source: X post)
Rulematch and SDX Offerings
By combining Ripple partner’s trading platform with SDX’s secure custody services, the partnership offers a complete, institutional-grade solution. The integrated system aims to enhance efficiency, security, and compliance for institution entering the digital asset space. One of the key benefits is the ability to perform post-trade clearing, allowing institution to avoid the need for pre-financing their trading activities.
David Newns, Head of SDX, emphasized the partnership’s potential to address existing market challenges like transparency and the separation of trading and custody roles. He highlighted that the solution enables insitutional investors to gain more control over their collateral through SDX’s secure storage of digital assets.
This joint effort signifies a significant step forward for the Swiss crypto market, signaling the readiness of traditional financial players to adopt more secure and efficient digital asset solutions. With the launch expected in Q4 2024, the partnership is set to shape the future of institutional crypto trading by simplifying processes and offering a higher standard of security for investors.
