Zurich/Frankfurt am Main – tradias GmbH, one of the leading European trading houses for cryptocurrencies and digital assets, has announced its strategic integration with Wyden, a premier provider of institutional digital asset trading technology. tradias is the FinTech arm of Bankhaus Scheich, a leading securities trading bank and market maker on the Frankfurt Stock Exchange.
This partnership broadens tradias’ reach among institutional clients while adding a new source of deep crypto liquidity to the Wyden platform. In addition, the Wyden platform plans to grant access to tradias’ newly launched tokenized money market fund.
Institutional access to deep crypto liquidity and trade lifecycle automation
tradias as a leading liquidity provider and market maker offers 24/7 trading of over 1000 pairs, including +150 crypto-to-Euro pairs. The Wyden platform covers the entire value chain, offering trade lifecycle automation and thus the seamless custody and core banking integration for financial institutions such as banks and brokers.
Wyden is trusted by leading sell- and buy-side institutions such as banks, brokers, crypto hedge funds, and asset managers. By integrating tradias into its institutional digital asset ecosystem, Wyden further expands its network of top-tier liquidity providers that their clients can leverage to trade crypto assets with confidence.
Wyden will grant access to tokenized money market fund launched by tradias in collaboration with Allianz Global Investors
In addition to deep crypto liquidity, Wyden clients will be granted access to tradias’ tokenized money market fund which is tradable 24/7 and provides a liquid interest-bearing investment. The money market fund in question is the Allianz Securicash SRI Fund.
In a dynamic market environment, treasury units face the challenge of efficiently and swiftly managing their liquidity. The use of tokenized money market funds offers a product that enables dynamic liquidity control 24 hours a day, seven days a week. The benefits of tokenizing money market funds lie in continuous tradability, an efficient cost structure, and tailored solutions for all liquidity requirements, all while maintaining full transparency.
Michael Reinhard, CEO of tradias said: “The partnership with Wyden underlines our reputation as a leading trusted and regulated force in OTC trading and market making for cryptocurrencies in Europe and our commitment to providing institutional-grade liquidity and driving innovation in the crypto market. The fact that Wyden is one of the first distributors of our tokenized money market fund product also harbors great potential for both our firms.”
“We are pleased to welcome tradias to the Wyden network, reinforcing our commitment to providing advanced trading solutions to institutional clients,” said Andy Flury, CEO and founder of Wyden. “tradias stands out in the digital asset landscape and will enrich the liquidity available to Wyden clients looking to achieve best execution. Their tokenized products will also add a new dimension to our platform offering.”
About Wyden
Wyden is the global leader in institutional digital asset trading technology. By covering the entire trade lifecycle and supporting seamless custody, core banking and portfolio management system integration as well as full trade lifecycle automation, the Wyden platform streamlines digital assets trading. Engineered by a team of trading system veterans and crypto asset experts, Wyden offers best-in-class integrated infrastructure solutions that meet the highest institutional needs. Wyden has offices in Zurich, New York and Singapore.
To learn more visit www.wyden.io.
About tradias GmbH
tradias provides the necessary infrastructure and services to grant all institutional investors access to the tremendous potential of digital assets. Drawing on the decades of expertise of Bankhaus Scheich as one of the leading securities trading banks and market makers on the Frankfurt Stock Exchange, this knowledge now flows into the FinTech arm, tradias. Tradias currently allows its customers to trade a variety of cryptocurrencies and other digital assets within a regulated framework and access a range of other services in the digital asset space, such as tokenization, consulting, or lending.
The core and history lie in trading and market-making. Building on these skills and experiences, tradias is now creating a comprehensive financial services offering for digital assets.
Contact
Nils von Schoenaich-Carolath | n.carolath@tradias.de | +49 176 62 99 97 97