Bitpanda affiliate and Bosonic Network announce partnership

Bitpanda, one of Europe’s most dynamically growing fintech companies, and Bosonic, a decentralized FMI (Financial Market Infrastructure) business, are increasing the number of digital asset managers from UK-based institutional investors. We have partnered to meet your needs. press release..

European crypto giant Bitpanda acquired Bitpanda Custody, formerly known as Trustology, in a multi-million dollar transaction in February this year.

Establishing new payment standards

As Bosonic prepares to launch related services in late 2022, Bitpanda Custody will become a member of the industry’s flagship project, the Bosonic Cross Custodian Net Payment Working Group.

It establishes new payment standards for atomic swap netting and settlement across an international and institutionally coordinated autonomous custodian network.

This eliminates counterparty settlement and credit risk between these institutions. Rosario Ingaljora, CEO of Bosonic, commented:

There is a great demand for individual storage provided by regulated or qualified custodians, especially as the market for digital assets for institutional investors from the family office and buy-side world grows. Being able to protect client data and assets is very important and is the basis of fiduciary security for these clients. We are pleased that Bitpanda Custody has joined Bosonic and look forward to helping them serve institutional investors.

Alex Batlin, Managing Director of Bitpanda Custody, added:

Bitpanda Custody has partnered with Bosonic to help institutional investors reduce settlement risk and costs and improve capital efficiency at the end of the day. All of this is backed by an insured and regulated cryptocurrency custodian.

About Bosonic

Bosonic is a leading dFMI company founded in 2016 with offices in San Francisco, New York and London. These companies provide the finest infrastructure to eliminate counterparty payments and credit risk in the digital asset market.

About Bit Panda Custodian

Bitpanda Custody is an insured, FCA-registered, UK-based crypto-asset custodian wallet provider.

The goal is to make it easier, faster and more secure for people and institutions to protect and manage crypto assets across blockchain and DeFi protocols.