DeFinity Markets Taps Utila To Offer Secure FX And Fiat Solutions
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DeFinity Markets has announced a partnership with crypto operations platform, Utila, to improve the access of institutional clients to digital assets markets. The collaboration will provide foreign exchange (FX) and secure fiat on/off ramping solutions.
Chief Executive Officer of DeFinity Markets, Manu Choudhary, commented on the partnership. “We are thrilled to partner with Utila to further enhance our offering for institutional clients,” he said.
DeFinity Expands Operations Through More Integrations
The collaboration between DeFinity and Utila is coming after DeFinity integrated with Fireblocks. The integration ensures secure API-based digital asset operations, demonstrating its goal of strengthening security measures.
Choudhary added that institutions that are entering the digital asset space require an efficient and secure on/off ramp and FX solutions. The collaboration with Utila will tap into the company’s comprehensive platform, which complements DeFinity’s existing infrastructure. He noted that the collaboration will DeFinity to provide a completely robust solution to clients and institutions.
Founder and Chief Executive Officer of Utila, Bentzi Rabi, also commented on the partnership. He noted that the collaboration brings both companies’ combined expertise and tools in order matching and settlement capabilities.
It will improve activities in both the digital assets and FX space. Utila will introduce its non-custodial and secure wallet infrastructure, supporting a wide range of blockchain networks without any custodial requirements. This will further improve flexibility and enhance security for clients.
The Partnership Will Also Help Clients In Trading And Settlements
Rabi also noted that the focus of the partnership include operational efficiency, compliance, and security, making the collaboration a natural fit for both companies. He added that as both firms combine their strengths, they can help institutions to easily and securely scale through the complexities of the digital asset market.
Both firms are looking to build a robust solution for institutional clients, which will enable them to manage their digital asset business effectively. The partnership will also include several other activities for institutional clients, including trading and settlement as well as fiat on-off ramping. Rabi said these will all be achieved within a unified framework that complies with all regulatory and compliance standards.
