Transfero Taps Finery Markets' Crypto ECN Solution to Enhance OTC Crypto Trading Service

Finery Markets, a Cyprus-based OTC trading solutions provider for digital assets, announced Thursday (November 9) that the international financial solutions company Transfero has integrated Finery Markets' FM Liquidity Match to enhance its OTC crypto trading services. Transfero is a leading fiat ramp in LATAM and the owner of Brazilian and Argentinian Digital Tokens (BRZ and ARZ), stablecoins pegged to Brazilian Real and Argentinian Peso.

FM Liquidity Match is a trading solution that is readily available for deployment, featuring a proprietary matching engine that allows institutional market participants to establish a completely electronic OTC trading business and manage client relations throughout the entire trade cycle.

The implementation of FM Liquidity Match enables Transfero to utilize worldwide OTC crypto liquidity and a fully automated trading procedure to provide institutional-level offerings and solutions that address tangible challenges in the South American market. These tokens provide Latin American customers with an alternative to hedge their savings to crypto as well as access to global markets.

Carlos Russo, CFO of Transfero, said: "Transfero is one of the largest fiat ramps in Brazil and Argentina and has a clear mission in mind – to bridge the gap between cryptocurrency and traditional financial markets. We aim to empower clients to incorporate blockchain technology into their everyday financial transactions and ensure a seamless and hassle-free experience. As we constantly sought out new ways to improve the quality and effectiveness of our services, we deployed the technology of FM Liquidity Match to automate trading processes, lower operational expenses, and mitigate risks associated with counterparties."

Konstantin Shulga, CEO and co-founder of Finery Markets, said: "We are proud that Transfero, the largest fintech player in South America, has recently selected FM Liquidity Match as their top choice for boosting electronic crypto trading efficiency. From pre-trade risk management to flexible settlements and compliant reporting, Transfero will experience a revolutionary shift in their crypto trading processes. By leveraging FM Liquidity Match, Transfero will gain access to state-of-the-art technology that will completely transform the crypto trading procedures and help to improve capital efficiency."

Also in this week, Finery Market entered into a partnership with Digital Asset Management Limited (DAMEX)​, a regulated digital asset broker, dealer and custodian, to deliver a streamlined and reliable OTC trading experience to DAMEX's clients with its FM Liquidity Match solution.