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Crypto Finance Launches AnchorNote for Institutional Digital Asset Trading
- Crypto Finance, part of Deutsche Börse Group, introduced AnchorNote for institutional clients to trade digital assets while keeping them in regulated custody.
- AnchorNote utilizes BridgePort, connecting crypto exchanges and custodians, facilitating off-exchange settlement and access to various trading platforms.
- The system enhances capital efficiency and reduces counterparty risk by allowing real-time collateral movement without transferring assets out of custody.
- Clients can set up dedicated trading lines with BridgePort managing inter-venue messaging and Crypto Finance as the collateral custodian.
- Institutions have options to manage collateral via a dashboard or integrate the service into their systems using APIs.
- Philipp E. Dettwiler highlights AnchorNote's role in balancing security and capital efficiency for institutional clients.
- The setup provides traders immediate liquidity access across platforms without pre-funding exchanges.
- Initially launching in Switzerland, there are plans for expansion throughout Europe.