SAN FRANCISCO (Nov. 26, 2018) – Omniex, the leading institutional investment and trading platform for crypto-assets today announced it has extended its integration with top industry custody providers to include Kingdom Trust, a pioneer of crypto custody and one of the longest running custody providers in the space.
As part of its mission to make the end-to-end crypto investment and trading process as seamless as possible for clients, Omniex has been enhancing its post-trade processing component, the Omniex Settlement Center (OSC), for the OTC market.
“Whereas on-exchange the crypto settlement process is taken care of by the exchange, in the OTC space it has been like going back to the Stone Age, an all-manual process that has been a thorn in the side of clients,” says Omniex CEO and co-founder Hu Liang. “With continued development, the OSC will be vital to supporting and growing crypto’s OTC markets. Our recent partnership with Kingdom Trust is a key step toward our vision.”
Omniex offers its all-institutional client base portfolio and risk management, trade execution, investment operations, and compliance solutions. Its execution management system (EMS) offers connections to the major crypto exchanges as well as key OTC providers. As part of this partnership with Kingdom Trust, mutual clients will be able to view and analyze assets held at the custodian.
Kingdom Trust, which has $12 billion in assets under custody, was the first regulated financial institution to offer qualified custody for digital asset investments. In August, the firm added insurance coverage from Lloyd’s of London syndicates to cover any physical theft or destruction of custodied assets.
“We are very excited to partner with Omniex. The Omniex platform is innovative and well positioned for the Kingdom Trust institutional client portfolio,” said Matt Jennings, CEO of Kingdom Trust. “The powerful and seamless structure of the Omniex environment will deliver an exceptional experience to our firms’ mutual clients, further strengthening the growth of the institutional crypto market.”
Omniex is also working on integrations with key banks and fund administrators in the crypto space.
Omniex is a front-to-back office investment and trading platform for institutional investors to access the crypto-asset markets. Its purpose-built technology provides portfolio and risk management, trade execution, investment operations and compliance solutions to buy-side, market-making and broker-dealer institutions. It was founded in the fall of 2017 by an experienced team of technologists, financial executives and crypto pioneers, and is backed by leading investors including Wicklow Capital, Jump Capital, Digital Currency Group, Sierra Ventures, Clocktower Technology Ventures, ThirdStream Partners and Alan Howard of Brevan Howard. https://omniex.io/
About Kingdom Trust
Kingdom Trust is a state-regulated public trust company. For nearly a decade, the firm has assisted clients with regulatory compliance by serving as a qualified custodian and specializing in a variety of asset classes. As the pioneer of digital asset custody, its experience and knowledge helps provide clients with secure and compliant custody. Unlike other firms in the marketplace touting they provide “custody” or “institutional custody” but are not qualified custodians or regulated financial institutions, Kingdom Trust meets the qualifications required by regulators of institutions and asset managers, including the oversight and audits assuring underlying assets are held in proper safekeeping with the necessary audit trails and recordkeeping. To learn more about Kingdom Trust and its qualified custody program, visit KingdomTrust.com or email Business Development at Sales@KingdomTrust.com.