Diginex, a digital asset financial services and advisory company, has announced a partnership with Itiviti, a world-leading provider of technology and services to financial institutions.
This partnership was fuelled by demand from institutional investors who want to incorporate digital assets into their portfolios while using resilient and scalable FIX-based connectivity; the widely recognized industry messaging standard.
Diginex and its customer base will benefit from the use of Itiviti’s global NYFIX connectivity platform which provides customers with a FIX-based order routing network that connects 1,600 + buy-side, sell-side and trading venues across all asset classes, combining state-of-the-art technology and network infrastructure to deliver continuous service and performance.
“NYFIX was the natural first choice for us as connectivity partner” said Richard Byworth, CEO at Diginex. “Diginex’s mission is to provide improved access and regulated infrastructure to institutions and sophisticated investors looking to participate in this new emerging asset class. NYFIX enables this with connectivity to a broad cross-section of institutional asset managers and allocators of capital.”
“Diginex is leading the charge on the institutionalization of digital assets, so they make an ideal partner”, said Rob Mackay, CEO, Itiviti. “NYFIX is quickly becoming the de-facto network to provide access to digital asset venues and we are delighted to welcome Diginex onboard.”
Diginex joins an increasing number of digital exchanges of assets around the globe that use the NYFIX order routing network. NYFIX is an independent broker, vendor agnostic FIX community that connects buy-side, sell-side, and trading venues within the most stable and flexible order routing network in the industry – delivered as a managed service.
Cryptolydian reported earlier that, Swift, an international payment company, has announced its plans to provide instant payment service for small and medium-sized-enterprises (SMEs).
The move comes as a challenge to leading payment companies such as Visa, Mastercard as well as fintech startups such as Ripple.