Cinnober tech deployed by Singaporean crypto asset exchange

Cinnober announced that Vaultex Exchange will use Cinnober’s trading and clearing systems for its new security token exchange. Based in Singapore, Vaultex is preparing to launch a fully licensed and regulatory compliant security token and tokenized asset exchange in Asia serving institutional investors, hedge funds and other eligible market participants.

Peter Lenardos, CEO of the Cinnober Group, said in a statement that the tech is expected to enable Vaultex to rapidly deploy the proven technical infrastructure, functions and services needed to set up their new, regulated marketplace for institutional investors.

In early November, Cinnober was selected by Bitstamp to deliver a trading system for cryptocurrencies.

Cinnober provides trading and clearing technology to marketplaces and clearinghouses, including the Asia Pacific Exchange (APEX), Australian Securities Exchange (ASX), B3, Bitstamp, Dubai Gold & Commodities Exchange (DGCX), Euronext, Japan Exchange Group (JPX), London Metal Exchange (LME), Johannesburg Stock Exchange (JSE), and Stock Exchange of Thailand (SET).

Nasdaq announced in September it was acquiring Cinnober in a $190 million all-cash deal expected to close this quarter. A UK competition authority announced a probe into the acquisition in late November.

Read the full release

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