Itiviti announced another partnership this Monday. This time, the firm has teamed up with Diginex, a financial technology and services provider. This partnership was devised to meet the expanding demand from institutional investors, who wish to incorporate digital assets into their various portfolios.
Yet Another Partnership
Under the grounds of the new agreement, as announced today, the Diginex client base will be capable of benefiting from the global NYFIX connectivity platform that Itiviti has to offer.
The NYFIX platform allows for a connection between sell-side, buy-side, and trading venues across the order routing network of the industry. This gets delivered as a single managed service for all of its users.
The Mandatory Kind Words
In regards to the partnership, a mandatory exchange of good words must be given. Richard Byworth is the CEO of Diginex. He explained that the natural first choice for a prospective connectivity partner was indeed NYFIX. He explained that it’s always been the mission of Diginex to provide a regulated infrastructure as well as improved access to sophisticated investors and institutions. Notably, these parties show interest in partaking with this emerging asset class. With its connectivity to a broad cross-section of capital allocators and institutional-grade asset managers, Byworth explained that NYFIX is capable of suiting the needs of Diginex.
Rob Mackay, the CEO of Itiviti, gave his statement as well. He described Diginex as a leader in the crypto charge for institutionalization within the digital asset space. Thus, he described Diginex as an ideal partner, due to their mutual goals. Of course, Mackay had to take the time to self-promote. He described the NYFIX platform as quickly taking on the role of a de-facto network when it comes to providing access to digital asset venues.
Ever-Expanding
Itiviti’s new partnership is one of many, as the firm has been relentlessly expanding the range of digital assets available for use within the order routing network of NYFIX. Its most recent partnership is with the Gemini Trust Company, a crypto custodian and exchange that was initially founded by the Winklevoss twins. With this new collaboration between the two companies, Gemini’s crypto holders were capable of accessing trade with traditional institution firms who are also using the NYFIX Network of Itiviti.
Itiviti stands as a steadfast pioneer in the eventual adoption of digital assets to the mainstream finance industry. It’s only a matter of time until crypto becomes the norm, even for regular payment like groceries.