Rialto Teams up With Bittrex for Digital Securities Trading Platform



Let me show you my No.1 Crypto INCOME SOURCE >>
CLICK HERE. Free Video




bittrex

Alternative Trading System (ATS) provider Rialto Trading announced today, Aug. 23, that it is partnering with cryptocurrency exchange Bittrex to create a trading platform for blockchain-based securities, pending regulatory approval.

Combining Specializations

Rialto, which presently offers its users a regulated ATS for trading fixed income products, is seeking permission from regulators to extend its ATS services into the digital securities space. To this end, communication with regulators alongside Bittrex is ongoing.

The proposed digital securities platform with bring together Bittrex’s experience with cryptocurrency trading, digital wallets, cybersecurit, and blockchain technology with Rialto’s experience with securities, and its licensed broker-dealer ATS.

The two companies will merge their specializations to create a comprehensive securities platform, offering fiat trading for digital securities, trading, placement, issuance advisory and custody services.

Speaking after the announcement, Rialto Trading CEO Shari Noonan expressed excitement at the prospect of being able to offer an expanded service offering to clients via the new partnership.

She said:

“We are excited to share Rialto’s expertise in building networks and trading solutions in the regulated securities industry to develop this new venture in partnership with Bittrex. By working together, we’ll be able to expand our current client offerings to not only include digital securities, but also provide them access to a globally advanced and reliable trading platform.”

Also reacting, Bittrex CEO Bill Shihara praised Noonan and expressed optimism that the partnership will further the cause of blockchain adoption.

He said:

“It takes a unique combination of advanced technology and financial expertise to build and launch an efficient, reliable and secure platform for trading digital securities, and we found the ideal partner in Rialto and its CEO Shari Noonan. We’re merging Bittrex’s technology, cybersecurity and blockchain expertise with Rialto’s deep knowledge of the securities industry. And, when you add that foundation with Rialto’s extensive background in financial services, including Shari’s experience at Goldman Sachs and Deutsche Bank, this new venture is well-positioned to further advance blockchain’s adoption by offering a comprehensive solution at the right time.”

The announcement mentioned that American-registered broker-dealers, accredited institutional investors, and digital security issuers can immediately register their interest in participating or being listed on the new platform here.

In May, CCN reported that Seattle-based Bittrex, now ranked 37th on the list of the world’s largest crypto exchanges, finally signed a banking agreement with New York’s Signature Bank, allowing it to become one of the few exchanges offering fiat-to-cryptocurrency trading pairs.

Featured Image from Shutterstock

Follow us on Telegram or subscribe to our newsletter here.
Join CCN’s crypto community for $9.99 per month, click here.
Want exclusive analysis and crypto insights from Hacked.com? Click here.
Open Positions at CCN: Full Time and Part Time Journalists Wanted.

Advertisement



Get Paid within the next 3HRS! >>
CLICK HERE NOW!


For More Latest & Breaking Cryptocurrency News
>>>> CLICK HERE


Leave a Reply

Your email address will not be published. Required fields are marked *