- Nasdaq-powered Tech: Ensures safe, correct trades with strong threat monitoring and anti-abuse algorithms.
- Liquidity Enhance: Devoted market makers like Circulation Merchants maintain the market lively and secure for environment friendly buying and selling.
In a world the place digital property are gaining rising reputation, conventional monetary establishments are beginning to discover the crypto market. Rulematch, a brand new startup based by former Credit score Suisse government David Riegelnig, is catering to this rising demand by providing a crypto buying and selling venue solely for banks and securities companies. With its pure buying and selling platform and internet settlement function, Rulematch goals to distinguish itself from present crypto exchanges and supply monetary establishments with a extra environment friendly and capital-effective buying and selling expertise.
Tailor-made Buying and selling for Monetary Establishments
Rulematch is a crypto buying and selling venue designed particularly for banks and securities companies. Not like conventional crypto exchanges that provide a mixture of features, together with buying and selling and custody of property, it focuses solely on buying and selling. This construction mirrors that of conventional monetary markets, making it extra acquainted to monetary establishments.
The platform additionally permits individuals to settle their trades day by day on a internet foundation, which improves capital effectivity for merchants. This function allows monetary establishments to handle their capital extra effectively by lowering the quantity of collateral required to settle trades.
Are World Banks Able to Embrace Rulematch?
Whereas the biggest international banks are usually absent in crypto buying and selling, there’s a rising participation of conventional monetary firms outdoors the US in digital property. In keeping with Riegelnig, “we do have fairly a vibrant scene” in Europe, the UK, and sure Asian markets the place some banks have ventured into the crypto market. These banks are searching for extra environment friendly and capital-effective methods to commerce digital property whereas minimizing dangers related to custody and different features supplied by conventional crypto exchanges. Rulematch’s pure buying and selling platform and internet settlement function cater particularly to those wants.
Securing $14 Million in Funding
Rulematch has secured $14 million in funding from a number of buyers, together with ConsenSys Mesh, based by Ethereum co-creator Joseph Lubin, Circulation Merchants, and FiveT Fintech. These buyers deliver important experience within the crypto and fintech industries, which will probably be invaluable as Rulematch continues to develop and broaden its companies. The startup is at the moment within the technique of elevating one other spherical of funding.
