Digital asset exchange EDX announced that it selected Anchorage Digital as its digital asset custody partner. EDX Markets was co-founded last year by a group of institutions including Citadel Securities, Fidelity Digital Assets, Schwab, Paradigm, Sequoia Capital and Virtu Financial.
It launched cryptocurrency trading in June, targeting brokers and other institutions, emphasizing that it is a non custodial offering. Later this year it intends to launch EDX Clearing, providing a central counterparty for settlement, and Anchorage will provide custody to the clearing arm.
“Anchorage Digital has a robust security, governance, risk and compliance framework, which will provide a best-in-class solution to meet the needs of our institutional client base,” said Jamil Nazarali, CEO of EDX. “As the only federally chartered crypto bank in the US, Anchorage Digital Bank is the ideal partner to support EDX’s build of a robust and compliant clearinghouse business.”
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