SDX and RULEMATCH have announced a joint effort to deliver a complete, end-to-end, institutional-grade solution for banks and financial institutions. This Swiss-made partnership signals the coming to age of the crypto market, centered around efficiency, security, and compliance.
Institutions will be able to trade on RULEMATCH’s platform with post-trade clearing and settlement, eliminating the need to pre-finance their trading activities. Using the integrated solution of SDX and RULEMATCH, they can hold crypto assets in SDX’s secure custody and easily manage clearing collateral on a dedicated SDX account.
The integration removes the need to hold collateral with the trading venue, providing a seamless and secure solution. Investors will also be able to increase their crypto collateral positions within seconds, avoiding the lengthy delays often associated with traditional on-chain transactions. The integrated solution with SDX’s custody services and RULEMATCH’s trading and settlement platform will be available from Q4 2024.
David Newns, head of SIX Digital Exchange, said in a statement: “Until now, the digital asset space has been held back by concerns around speed, compliance and fragmentation. Our partnership with RULEMATCH tackles these issues head-on by providing transparency, capital efficiency and, crucially, a clear separation of trading and custody roles. This means institutional investors retain full control over their collateral via SDX’s custody and can segregate assets by crypto address, ensuring clarity on asset location at all times. As part of SIX, a trusted provider of global financial infrastructure, SDX continues to uphold the highest standards of security and compliance for institutional investors.”
David Riegelnig, CEO of RULEMATCH, said in a statement: “We have always believed that separating the roles of trading and custody is key to serving financial institutions in the digital assets industry. As a pure market operator, RULEMATCH is thrilled to partner with SDX and integrate its custody services with our trading and settlement platform. And we know from our participants that many of them would love to use a secure, independent custodian like SDX to manage the full lifecycle of their crypto asset holdings, while also leveraging the competitive advantages of trading and settling on RULEMATCH. Thanks to our partnership, they can do exactly that.”