Key Highlights of OTC Block Trading Platform
OTCXN is a San Francisco-based blockchain powered capital market firm, providing global liquidity services thus eliminating the need for intermediaries in trading.
As per the statement, its new platform aims to offer a multi-custodian solution and greater liquidity for institutional investors. It executes trading of large crypto-to-crypto and crypto-to-fiat, fiat-to-fiat transactions.
OTC Block Trading is the latest innovation by OTCXN which has achieved after the prior testing to determine its effectiveness. This capital market has already singed US-regulated custodians’ kingdom Trust and Prime Trust to facilitate bring more users. Both Trusts are SEC-authorized which will offer custody services for trading venues, utilizing OTCXN technology. Moreover, it assists them in clearing and settlement of OTC block trades.
OTCXN uses proprietary blockchain technology, real-time collateral management, asset digitization, and various trading venues to make it tradable using a single account at a custodian on the network. However, OTCXN is not the new entrant to provide custodian services, rather, Coinbase, Nomura Japanese financial holding, and SIX Group are also in a row already offering trading services to institutional clients.
