Crypto and digital asset trading platform provider Wyden ensures best execution through market-wide connectivity and end-to-end digital asset orchestration. Seamless integrations with Temenos and Fireblocks make Wyden the leading institutional trading platform – covering the entire trade lifecycle for crypto and digital assets.
Zurich (CH) – Wyden, the leader in institutional digital asset trading technology, today announced its modular trading platform is available on Temenos Exchange, the open marketplace for fintech solutions.
Wyden enables best execution during the entire digital asset banking lifecycle:
- End-to-end automation across the entire lifecycle of principal and agency trading
- Risk- and commission-optimized order funding and settlement with seamless integration of core banking systems and custody solutions
- Designed to flexibly scale with your digital asset banking strategy
Temenos Exchange brings innovation to market faster, and at scale. The marketplace offers pre-integrated and approved fintech solutions that can be easily deployed on top of Temenos open platform for composable banking, enabling banks to accelerate the creation of new financial services, while reducing the costs of development.
Martin Bailey, Director of Innovation and Ecosystems, Temenos, said: “Temenos Exchange acts as an accelerator for fintechs and software developers, helping them develop, validate and monetize new banking solutions. Joining Temenos Exchange means Wyden can write once and sell its solution across a vast banking audience of more than 3,000 clients in 150 countries. Collectively, this community serves the banking needs of 1.2 billion people worldwide.”
“Wyden’s institutional trading platform is trusted by numerous banks. The seamless integration with Temenos gives banks a turnkey solution enabling diversified digital asset trading connectivity and best execution from pre- to post-trade. Using Temenos, banks can now extend their client-facing trading frontend with a customizable agency or principal broker desk which automates the trade lifecycle end-to-end, minimizes counterparty, operational and market timing risks, while leaving banks in full control of every step of the value chain and digital asset strategy.” added Andy Flury, CEO of Wyden. Wyden’s participation in Temenos Exchange further extends the company’s commitment to the banking industry and enables Temenos customers to easily reap the benefits of Wyden.
End-to-end digital asset trade lifecycle automation
As banks need market-wide connectivity to provide best execution to their clients, Wyden helps banks to maximize profit by trading directly and securely with exchanges, brokers and OTC desks while minimizing counterparty, operational and market timing risks. This is achieved by seamless integration of core banking systems and custody solutions, as well as full automation of the entire trade lifecycle.
Wyden is the nexus of digital asset banking operations. It orchestrates the entire value chain through the bank’s own principal or agency brokerage desk, while ensuring seamless 24/7 reconciliation with all core banking and custody systems. This prevents a bank from becoming overly dependent on a single broker, ensure execution reliability, and helps to develop and scale an individual digital asset strategy.
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.