Diginex strengthens partnership with Itiviti to serve institutional cryptocurrency clients

Blockchain specialist fintech and services provider Diginex will implement Itiviti’s Tbricks automated solution to provide risk, P&L and portfolio management to its institutional client base.

This partnership follows on from the existing relationship that sees Diginex utilise NYFIX, Itiviti’s global FIX-based order routing network to provide connectivity to its institutional investors who wish to have digital assets exposure in their portfolios.

Diginex will utilise Tbricks to launch ‘Diginex Access’, a multi-venue, front-to-back trading, portfolio, and risk management solution for digital assets including cryptocurrencies and their associated derivatives.  The combined solution will be powered by Tbricks automation technology and robust infrastructure to offer an institutional-grade experience to investors who seek to manage digital assets.

“As institutional demand in digital assets continues to rise, we view this strategic partnership with Diginex as an opportunity to drive a more unified digital assets solution for the capital markets,” says Bobby Rahman, head of Strategic Partnerships. Tbricks is already providing a cross-asset solution to a number of sell-side tier 1 banks and firms and we see this as a natural evolution of our capabilities for cryptocurrency trading.

“Itiviti’s Tbricks Automation platform has a proven track record of serving the largest banks and hedge funds with institutional-grade trading technology. Our platform will provide leading-edge Execution and Order Management System and Portfolio Management Solution capabilities for cryptocurrencies and digital assets to the standard that institutions have come to expect in traditional markets,” adds Richard Byworth, CEO at Diginex.