Popular bitcoin exchange Bittrex announced on Thursday, August 23, partnership with alternative trading system Trading Rialto, in which the platform of the latter is planned to add support for cryptocurrency securities.
Rialto Trading is teaming up with #Bittrex to expand Rialto’s Alternative Trading System (ATS) to include blockchain-based (digital) securities, pending approval from regulators. Details: https://t.co/JBoSCvJ6hM pic.twitter.com/gGX9D0t0LO
— Bittrex (@BittrexExchange) 23 August 2018
As stated in the statement of the American stock exchange, it intends to obtain the approval of regulators in addition to offer platform “securities on the basis of the blockchain”. At the moment Rialto Trading offers traders the products with a fixed rate.
In the case of obtaining the necessary permits platform will unite a licensed alternative trading system for broker/dealers, tools, and experience Rialto Trading in the securities industry with expertise in the field Bittrex blockchain technology, cybersecurity, and cryptocurrency trading.
It is expected that trading digital securities will be conducted using the U.S. dollar, in addition, Rialto Trading will offer services to the entire ecosystem of digital securities, including consulting services issuance, placement, trading and storage.
“We are happy to use expertise Rialto networking and trade solutions in the industry regulated securities and start working on this new enterprise in partnership with Bittrex. Joint work will allow us to expand the range of services offered to clients, not only including digital securities, but also access to advanced and secure trading platform”, — said CEO of Rialto Trading Shari Noonan, in the past known for his work in high-ranking positions at Goldman Sachs and Deutsche Bank.
Chapter Bittrex bill Chihara also noted that creating and running an effective, reliable and safe platform for trading digital securities requires enterprises advanced technology and experience in the financial sector.
“Laying in the base of the broad expertise Rialto in the area of financial services, including previous experience, Shari Noonan in Goldman Sachs and Deutsche Bank, the new enterprise will contribute to the further adoption of the blockchain and will offer a comprehensive solution at the right time,” said bill Shihara.
We will remind, in June of its intention to become a regulated broker-dealer and receive a license to work as a platform for e-Commerce reported the largest cryptocurrency company Coinbase, the US.
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