State Street enters crypto space with trading technology deal By – UK
SectorFinancial Markets
CountryMiddle east

© Reuters. By Samuel Indyk – State Street (NYSE:), the US-based asset manager, has announced a deal with Puremarkets, whereby it Currenex platform will provide its trading infrastructure to the Pure Digital platform. Further to this, State Street Bank & Trust and Pure Digital intend to explore the digital currency trading space via the Pure Digital platform based on an existing letter of intent between the parties. State Street’s Currenex is a technology provider that offers high performance technology for anonymous and disclosed trade execution. The agreement will enable the rapid set up of the Pure Digital platform using Currenex’s technology and trading should begin this year. “It is an important step for Pure Digital that one of the leading banks in the world is now publicly declaring their support for Pure Digital,” said Torbjørn Bull Jenssen, CEO or Arcane Crypto, a 37.5% shareholder in Puremarkets. Pure Digital platform The Pure Digital platform will provide a trading venue for tier 1 more...