Crypto Finance, a subsidiary of Deutsche Börse Group, launched a new off-exchange settlement solution to improve capital efficiency and trading flexibility for institutional crypto investors.
The new product, Crypto Finance AnchorNote, allows institutions to trade on different platforms without moving their assets out of custody. It also helps them settle trades off-exchange and earn yields within a compliant, risk-controlled setup, according to a Tuesday announcement.
“With Crypto Finance AnchorNote, we are closing a critical gap between custody and capital efficiency,” said Philipp Dettwiler, head of custody and settlement at Crypto Finance. The launch is initially focused on the Swiss market, with a broader European rollout expected in the near term.
The system integrates BridgePort as a middleware layer to coordinate messaging across exchanges and custodians. “Together with BridgePort, we are delivering an integrated solution that allows institutional clients to operate securely, flexibly, and in real time,” Dettwiler added.
Related: Deutsche Boerse to launch Bitcoin, Ether institutional custody
AnchorNote simplifies collateral transfers
Crypto Finance said that AnchorNote makes it easy to move collateral between platforms quickly. Institutions can access the service either through a user-friendly interface or a direct API connection.
“This infrastructure lays the groundwork for scalable asset mobility needed by institutional traders,” BridgePort CEO Nirup Ramalingam said.
Crypto Finance is a provider of institutional-grade digital asset investment products, custody and trading. In February last year, its German subsidiary received four licenses from the German Federal Financial Supervisory Authority (BaFin). The platform is also regulated by the Swiss Financial Market Supervisory Authority, or FINMA.
Deutsche Börse acquired a majority stake in Switzerland-based Crypto Finance Group in 2021. Crypto Finance already offers products on the SIX exchange in Switzerland, where it launched the first Swiss crypto asset investment fund.
Cointelegraph reached out to Crypto Finance for comment, but had not received a response by publication.
Related: Deutsche Bank-backed EURAU stablecoin launch: Key things to know
Coinbase integrates ClearLoop for off-exchange settlement
In July, Coinbase International Exchange joined Copper’s ClearLoop network to offer institutional clients off-exchange settlement, citing growing demand for more efficient trading. The integration allows for near real-time trade settlement without moving assets onto the exchange.
In March, Sygnum also partnered with crypto derivatives exchange Deribit to offer institutional traders off-exchange custody through its Sygnum Protect platform.
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