DeFinity Markets to Start Digital Assets Matching After Jersey OK

Definity Markets is set to add digital assets matching and settlement to its spot FX platform after receiving the go-ahead from the Jersey Financial Services Commission (JFSC) for its Jersey subsidiary.

The new service will introduce trading between clients using bank-intermediated credit via Definity’s prime brokerage desk. Michael Siwek, co-founder and CRO of Definity Markets, says the approval will allow clients to “buy, hold and sell digital assets and fiat, efficiently, eliminating the burden of over-collateralisation, ultimately easing counterparty risk and establishing a new and improved trading infrastructure for FIs globally wishing to trade digital assets in their own name or on behalf of clients”.

Greg Myers, senior board advisor at DeFinity Markets, adds, “The increasing demand for efficient digital asset trading solutions has driven our decision to base our operations in Jersey. We believe that Jersey is at the forefront of digital asset innovation, and we are excited to contribute to the island’s growing reputation as a global financial centre of excellence.”