SDX & RULEMATCH Eliminate Need to Pre-Fund Crypto Trades
SIX Digital Exchange will provide segregated custody to RULEMATCH, the Swiss spot crypto trading and settlement venue for institutions, eliminating the need for them to pre-finance their trading activities as assets will be held securely off-venue.
From the fourth quarter of this year, institutions will be able to use RULEMATCH with SDX holding their assets in custody in accounts that are segregated by crypto address.
David Newns,SDX
David Newns, head of SIX Digital Exchange (SDX), told Markets Media that the requirement for pre-funding crypto trading is a clear constraint on volumes and activity. He said: “Solving this is really…
