Bequant to Offer Crypto PB Through Finery Markets

Bequant has unveiled a partnership with Finery Markets to offer digital assets prime brokerage services through Finery’s FM Liquidity Match Service.

The service was launched in April 2023 on expectations that institutional market players will be moving towards using prime-brokerage services, due to them being less risky, cheaper and more convenient than holding assets at exchanges. It offers fiat-to-crypto and crypto-to-crypto liquidity via prime brokers. Finery says it is based on the requirements of brokers, and as such provides tools and services to manage crypto transactions and follow trading activity more effectively.

“This ensures that their users experience less slippage, mitigated market impact, and a variety of flexible options for trade settlements,” claims Michael Rabkin, head of business development at DV Chain. “Moreover, our post-trade settlement option helps mitigate exchange risk, providing an added layer of protection for end clients that has been much needed in recent years.”

Konstantin Shulga, CEO and co-founder of Finery Markets, adds, “Our non-custodial trading technology solution offers market professionals a risk-managed approach, compliant reporting, and post-trade flexibility, as well as ensures access to global liquidity and optimal execution.

“We are absolutely confident that we can help Bequant further boost its digital assets prime brokerage services,” he adds. “Additionally, Bequant can leverage our technology to internalise customer flows, re-sell global inter-dealer liquidity to their customers, or even create their own ECN.”