Trustology announces partnership with GCEX and Bosonic

Trustology, a leading crypto custody solutions provider, and GCEX , a FCA-regulated broker, have announced an expanded partnership with Bosonic, a leading global technology company based in San Francisco, that builds infrastructure to eliminate counterparty credit and settlement risk in Digital Asset markets for institutional clients. 

According to Trustology, the partnership will help to improve overall capital efficiency for institutional traders and eliminate counterparty settlement risk in digital asset trading. Trustology outlined the challenges and inefficiencies in the current settlement and trading system.

"Institutions still suffer from inefficiencies in the trading and settlement process. As traded assets leave their control and move through the workflow of dealers, exchanges and brokers, institutional traders face balance sheet limitations leading to slow, multi-leg bilateral transactions, siloed collateral, counterparty credit risk, and general capital inefficiencies," Trustology mentioned in the announcement.

​"Whilst there are solutions in the market today,  providing an open network partnership as proposed by the combination of GCEX, leveraging Trustology and Bosonic to address these issues is more advantageous," added Trustology.