Digital Asset Exchange EDX Markets Forms Partnership with Blockchain Infrastructure Platform Paxos

EDX Markets (EDXM), a digital asset exchange backed by leading financial institutions, and Paxos, the premier regulated blockchain infrastructure platform, have announced a partnership that will enable institutional custody of traded assets for EDXM clients, and provide Paxos customers with direct access to this new ecosystem. 

Paxos' enterprise platform will facilitate the custody and wallet infrastructure of digital assets for sophisticated financial institutions and investors seeking an efficient and compliant trading venue in cryptocurrency markets. Leveraging Paxos' blockchain technology and regulatory expertise, trades on EDXM will be netted and settled with greater speed at low costs. The partnership also brings value to Paxos customers as EDXM will be a new source of institutional liquidity.

Walter Hessert, Paxos Head of Strategy, stated: "Paxos is redefining financial markets by building regulated solutions that enable the movement of all assets at any time in a trustworthy way. Together with EDXM, we are creating an easy path for banks and other financial institutions to access crypto markets in the most regulated way available."

Jamil Nazarali, CEO of EDXM, stated: "With compliance and security as key differentiators of EDXM's offering, we are thrilled to partner with Paxos to deliver the gold standard in digital asset custody services to our investors. With Paxos' best-in-class solutions along with MEMX's technology powering the exchange, EDXM now has all the tools to make institutional-grade digital asset trading available to investors for the first time."

Source: Businesswire