AlgoTrader joins forces with Swiss fintech pioneers to build a technology stack for financial institutions to seamlessly onboard, manage and trade cryptocurrencies and other crypto assets.
Zurich/Geneva – METACO, AlgoTrader and Cysec (formerly ArcaTrust) have entered into a strategic partnership to offer a comprehensive, all Swiss-made crypto asset management ecosystem for financial institutions to manage the entire life-cycle of their crypto assets: from secure storage and management to automated trading and execution.
This partnership builds on the leadership and complementary core competencies of the three Swiss companies by combining best-in-class hardware security by Cysec, METACO’s leading crypto asset storage and management technology, SILO, and institutional-grade automated trading execution by AlgoTrader. Custodians can now seamlessly adopt this emerging asset class, while swiftly bridging between their traditional and crypto portfolios.
The announcement comes at a time of rapidly increasing institutional interest in digital assets. Financial intermediaries, such as banks, asset managers, and brokers are searching for technology solutions that allow them to safe-keep crypto assets with maximum security. They need to manage them with familiar workflows and front-to-back office functionalities through their current service providers and within their existing systems infrastructure. In this regard, the three companies’ integrated ecosystem will benefit from global client networks in Switzerland, the US, and the APAC region.
The consortium highlights the good health of the Swiss fintech companies and their deepening footprint in the international digital asset management scene. Through this partnership, METACO, AlgoTrader and Cysec will forge product development and business development synergies that will reinforce their strategic positioning in Switzerland and internationally.
“We are heading towards the tokenization of our economy; ensuring that its foundations are secure and integrated is not an option, it is imperative. This is why at METACO we work only with partners that excel at what they do and share this vision. Algotrader and Cysec are two exceptional Swiss companies which I am deeply excited to join forces with. Algotrader, has proven development and business success in trade execution. Cysec, has an outstanding Swiss-made hardware solution, purpose-built for digital asset management, which will enrich our product offering by powering SILO – in the same manner as we already do with Guardtime’s military hardware.” – said Adrien Treccani CEO and Founder of METACO.
”The basis of a great ecosystem is a large opportunity that pushes partners together to pursue the same long-term goals to help institutionalizing the crypto asset industry. We strive for leadership in five areas: vision, product, customers, partners and the team to be the preferred algorithmic trading software solution for capital markets disrupted by blockchain.” – said Andy Flury CEO and Founder of AlgoTrader.
“We believe that to achieve a wider adoption of crypto assets, financial institutions need a solution to onboard, manage and trade crypto assets. By teaming up with both METACO and AlgoTrader, this consortium can provide such a fully integrated technology stack. Cysec will leverage its expertise in infrastructure security to establish the necessary layer of trust in Digital Asset custody and trading. We are excited to join forces with leading industry forces to further accelerate the adoption of crypto assets. – said Patrick Trinkler CEO of Cysec SA.
AlgoTrader is the global leader in institutional trading technology for digital assets that covers the entire trade lifecycle from pre-trade risk checks to order generation, automated settlement and custody reconciliation – offering best-in-class infrastructure for financial institutions. By supporting direct market access, seamless custody and core banking integration as well as full trade lifecycle automation, the AlgoTrader platform streamlines digital assets trading. Developed by a team of trading system veterans and crypto asset experts, AlgoTrader offers integrated infrastructure solutions that meet the highest institutional needs. To learn more, visit www.algotrader.com.
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