Trading technology leader Wyden has integrated Amsterdam-based digital asset liquidity provider, Hyphe. The partnership gives Wyden clients the opportunity to access Hyphe’s proprietary liquidity pool and extensive digital asset coverage.
Zurich/Amsterdam – Wyden and Hyphe have partnered to provide financial institutions with deeper crypto liquidity and extended digital asset coverage. Clients will include banks, brokers and asset managers. Hyphe is registered with the Dutch central bank (DNB), Hyphe’s German subsidiary recently received a securities trading licence from Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), which provides the firm with the highest standard of regulatory supervision available in Europe.
Easy access to deep liquidity with minimal counterparty risk
Hyphe offers clients a chance to trade independently of exchanges, significantly reducing counterparty risk. Hyphe’s proprietary price discovery technology, Clear-Calculus, determines the fair market price for assets, 24/7, and forms the basis of Hyphe’s banking-grade best execution policy. Meanwhile uptime on the platform is assured at over 99.5%.
Seamless trading, custody and core banking integration
Wyden’s crypto portfolio, order and execution management system (OEMS) provides a powerful trading and orchestration platform covering the entire trade lifecycle. Wyden also offers seamless custody and core banking integration for financial institutions such as banks and brokers.
Dolf Diederichsen, Hyphe Co-founder & CEO: “Wyden shares our mission of increasing access to digital assets. We’ve been a keen observer of the platform and are pleased we can now extend our easy-access digital asset liquidity to Wyden’s client base.”
Andy Flury, founder and CEO at Wyden added: “Our partnership with Hyphe further enhances the trading environment and experience for our institutional clients that demand deep liquidity and institutional-grade execution and servicing. With Hyphe, we found a reputable and trusted partner for secure access to the world of digital assets.”
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.
Hyphe is an Amsterdam-based digital asset liquidity provider for European financial institutions. Hyphe enables banks, brokers and asset managers to offer digital currency trading, or digital-asset backed investment products, to their customers.
Hyphe provides institutions access to a proprietary liquidity pool and trading platform featuring a range of digital currencies, including Bitcoin, Ethereum and Ripple. Hyphe’s price discovery tech, Clear-Calculus, streams the fair market price for assets, 24/7. Hyphe has been registered with the Dutch Central Bank (DNB) as a cryptocurrency service provider since 2020.
To learn more visit www.hyphe.com.