Firms Collaborate to Develop Crypto Solutions
Posted by Colin Lambert. Last updated: October 27, 2022
Technology provider CQG has unveiled a partnership with blockchain development lab Nuts Finance to launch Optio Research, a Web3-based innovation lab focused on developing decentralised cryptocurrency infrastructure and trading solutions for institutional investors. The initiative is designed to bridge the traditional and decentralised finance worlds by bringing the expertise and technology of both firms to bear.
Leading the newly established Optio are CQG executives Kevin Darby and Benjamin Soong, along with Nuts Finance co-founders Terry Lam and Daniel Tang. CQG CEO Ryan Moroney serves as a strategic advisor and member of the Optio board of directors.
“Positioning ourselves at the forefront of financial technology development has always been an integral part of CQG’s mission, and the company has been carefully cultivating an expansion strategy to serve the growing demand for cryptocurrency as a new asset class for our existing and prospective clients,” says Moroney. “As more institutional clients move toward Web3 blockchain-driven technology, Optio gives CQG the opportunity to accelerate our footprint and play a leading role in the fast-growing digital asset space.
“We have worked closely with Terry and Daniel over the past several years and have the utmost confidence in the combined team’s expertise and execution ability to quickly establish Optio Research not only as a hallmark name in DeFi and Web3 but as a reliable partner to the institutional investor community,” he adds.
“Over the last few years, we have seen the crypto marketplace develop rapidly,” says Lam. “However, it is evident that the workflow and infrastructure for institutional investors is still at a nascent stage. Through Optio, our partnership with CQG and collective experience in derivatives trading technology and Web3 development give us the opportunity to be market leaders in developing a range of solutions that will not only improve the current user experience, but also act as a catalyst to accelerate adoption into this emerging asset class by traditional financial institutions.”