DeFinity – Cobalt partnership will establish an enterprise solution for digital assets, says CEO and Co-Founder of DeFinity, Manu Choudhary. The technology of both companies will help clients make the most of the capital markets, especially for digital asset trading.
Choudhary says the DeFi marketplace wants to establish itself as a leading electronic communication network. DeFinity will deliver sustainable and non-fragmented digital asset liquidity. And this will be strengthened further with DeFinity and Cobalt partnership.
Michael Siwek, Chief Revenue Officer and Co-Founder, DeFinity Markets, highlighted that institutional clients are much excited to use their infrastructure. The clients use it to record and settle trades efficiently, as well as for transaction purposes. Their proprietary blockchain is used to boost transparency and investor confidence.
Darren Coote, CEO of Cobalt, said a growing number of financial institutions are keen to capitalize on cryptocurrency. He pointed out that the lack of institutional-grade infrastructure deters investors. Coote explained that the settlement process is extremely manual, it is risky, and not competent for institutional trading. He highlighted that Cobalt is one of the only firms which provides critical market infrastructure for digital assets and FX. Cobalt’s partnership with DeFinity will help distribute its post-trade solution. This will be for the broader demographic of institutional traders.
Meanwhile, global digital asset management was expected to grow to $4.30 billion in 2021. The market is projected to reach $7.96 billion in 2025. It is made up of companies and entities like DeFinity and Cobalt that boost productivity and efficiency.