Choosing a Crypto-as-a-Service provider? How Wyden completes your operating model.
That’s exactly where Wyden comes in to complete your operating model around whichever outsourced Crypto-as-a-Service provider setup you choose.
What a Crypto-as-a-Service Provider Leaves Unresolved for Banks and Brokers
What your CaaS provider delivers
Execution, custody, and market access: the street-side of the business, handled by a licensed Crypto-as-a-Service provider, so banks and brokers don’t have to build it themselves and can go live quickly.
What stays unresolved
The entire client-side layer – order management, pricing and quoting, fee and revenue controls, post-trade allocation, P&L, bookkeeping, reconciliation, and best execution evidence – remains the institution’s responsibility.
What Wyden adds to a CaaS setup
Wyden’s orchestration layer seamlessly manages the client-side and – when expanding to multiple Crypto-as-a-Service providers to diversify risk – enables workflow automation and integration with internal systems, thereby offering full ecosystem orchestration.
How it works together
Your Crypto-as-a-Service provider handles execution and custody, Wyden manages the client-side and orchestrates the ecosystem – delivering one connected operating model and empowering banks and brokers to operate a compliant, scalable digital asset business.
The Three Layers of a Digital Asset Operation
Strategic Risks of Going Crypto-as-a-Service-Only
Missing client-side management
The most significant, least visible risk – client P&L, pricing, sub-ledgers, or choice of agency vs. principal risk model are not covered by a Crypto-as-a-Service provider.
Exposure on best execution
A single LP as sole counterparty makes best execution structurally challenging to demonstrate under regimes like MiCA, FinSA, and VARA.
Limitations on operational resilience
Relying on a single Crypto-as-a-Service provider concentrates risk in one place – demonstrating the continuity regimes like DORA expect becomes structurally challenging with a sole-provider model.
No custody diversification
A single custodian creates fiduciary and counterparty risk, and is hard to diversify without a separate integration project each time.
No scalability or product expansion
Providers are optimized for the launch use case – growth into staking, tokenized assets or RWA becomes reactive and costly.
Loss of technology ownership
The institution is locked to one Crypto-as-a-Service provider’s roadmap; a second provider amplifies integration complexity rather than fixing it.
Multi-provider complexity without orchestration
Every added Crypto-as-a-Service provider brings a new dependency, silo and reconciliation risk – unless an orchestration layer exists first.
Wyden Completes Your Crypto-as-a-Service Provider Setup
Not a replacement, an operating layer
Wyden connects and orechestrates your Crypto-as-a-Service provider to LPs, custodians, market data providers, and internal banking systems through one unified operating platform.
Faster than building it yourself
Wyden reduces the operational and compliance risk of assembling the missing layer in-house – and the time it takes to get there.
Multi-provider by design
Wyden orchestrates across more than one Crypto-as-a-Service provider, LP, or custodian, so no single vendor’s downtime is your downtime.
Built for regulated institutions
Wyden is ISO 27001 and SOC 2 certified, an ICT third-party under DORA, and enabling MiCA-regulated services.
| Functional Layer | CaaS Alone | CaaS + Wyden |
|---|---|---|
| Street-side execution and custody | ✓ | ✓ |
| Regulatory licensing (MiCA, VARA, etc.) | ✓ | ✓ |
| Client-side order management | ✗ | ✓ |
| Client pricing, quoting & fee management | ✗ | ✓ |
| Agency & principal trading risk model support | ✗ | ✓ |
| Multi-LP best execution & Smart Order Routing | ✗ | ✓ |
| Operational resilience (e.g. DORA in the EU) | ✗ | ✓ automated failover across LPs & custodians |
| Post-trade settlement (multi-LP / multi-custody) | ✗ | ✓ |
| Custody diversification support | ✗ | ✓ manages multiple custodians centrally |
| Omnibus-to-client sub-ledger post-trade allocation | ✗ | ✓ |
| Real-time client position & P&L management | ✗ | ✓ |
| Double-entry, banking-grade bookkeeping | ✗ | ✓ |
| Scalable to new products & services | ✗ | ✓ plug in new LP & custody venues, use cases & models |
Crypto-as-a-Service Resources
CaaS + Wyden Solution Guide
Frequently Asked Questions
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