Elysium and Spotex Unveil Digital Asset Trading Solution

Spotex’s trading platform has integrated with Elysium’s MatchHub post-trade infrastructure, to offer front-to-back workflow for digital asset trading.

The firms say the solution has been successfully deployed at an established cryptocurrency broker, enabling optimised execution, reconciliation, and settlement across multiple custodians and clearing venues.

They add the combined offering represents a natural evolution of the two firms’ decade-long collaboration in traditional OTC FX markets, noting that as both companies expand their capabilities to serve the growing institutional digital asset ecosystem, the integration creates a comprehensive solution for firms operating in both FX and cryptocurrency markets.

The platform leverages Spotex’s API-driven execution capabilities – including price discovery, matching engine, cross-asset liquidity aggregation, and fiat-crypto pair pricing – with MatchHub’s back-end infrastructure for trade reconciliation, counterparty credit management, and multi-party settlement optimisation. “This end-to-end solution addresses the nuanced challenges faced by institutional crypto brokers managing multi-custodial relationships and diverse clearing arrangements across both traditional and digital assets,” the firms state.

Chris O’Connor, CEO of Elysium, observes, “The growth of the crypto OTC market is supported in part by quality off-chain liquidity. Spotex’s execution capabilities enable brokers to create a deep and diverse liquidity stack and Elysium’s MatchHub solves the complexity of the post-trade workflows.”

Meanwhile, John Miesner, CEO of Spotex, adds, “Deploying our proven execution capabilities in digital assets along-side Elysium’s robust post-trade capabilities delivers the same operational excellence that institutional clients expect from their FX trading operations.”