Today EDX Markets (EDXM) announced it selected Paxos for institutional custody of assets traded by the digital asset exchange. EDXM was unveiled just three weeks ago with a consortium of backers, including Citadel Securities, Fidelity Digital Assets, Schwab, Paradigm, Sequoia Capital and Virtu Financial.
With EDXM, access to cryptocurrencies will be via traditional broker dealers rather than a crypto exchange.
In addition to providing custody services, Paxos will also deploy its settlement solution that enables netting.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
