Bitpanda Custody joined the ‘Bosonic Cross Custodian Net Settlement Working Group’ as Bosonic Network prepares to launch the service later this year.

This will be an industry first and set a new standard for payment versus payment (PvP). Atomic swap settlement and netting across an institutionally aligned and global network of independent custodians. While eliminating counterparty credit and settlement risk between these institutional players.

Management Quote

Rosario Ingargiola, Bosonic CEO said, “With the growth of the institutional digital assets market, specifically from the family office/wealth, buy-side world, there is significant demand for separate custody provided by regulated or qualified custodians. However, the need to protect clients’ data and assets is paramount and fundamental to the fiduciary responsibility of these clients. Indeed, we are delighted to have Bitpanda Custody join the Bosonic Network™ and look forward to helping them service their institutional clients.”

Alex Batlin, Bitpanda Custody Managing Director, adds: “Bitpanda Custody is pleased to join the Bosonic working group to help institutional clients reduce end-of-day settlement risk and costs, whilst improving capital efficiency, all backed by an insured, regulated crypto custodian.”

About Bosonic Network™

The Bosonic Network™ is the only non-custodial real-time clearing and settlement infrastructure for Institutional Digital Asset Trading.

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About BitPanda Custody

Bitpanda Custody is an insured and FCA-registered cryptoasset custodian wallet provider based in the UK. Furthermore, its goal is to make it safer, faster and easier for institutions and individuals. To safeguard and administer cryptoassets across blockchains and DeFi protocols.

Website | Twitter

SOURCE

https://www.prnewswire.com/news-releases/bitpanda-custody-joins-the-bosonic-network-301578355.html

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