DeFi market infrastructure company Bosonic has added Bitpanda Custody to its network, meeting the needs of institutional customers for a digital asset custodian based in the UK.
Bitpanda Custody, which is regulated by the Financial Conduct Authority in the UK, will join the Bosonic Cross Custodian Net Settlement Working Group as Bosonic works to release the service later in 2022.
Bosonic claims that this launch will establish an “industry first”, creating a new standard for payment-versus-payment (PvP) atomic swap settlement and netting across a global network of independent custodians supporting institutional business.
This network aims to be liquidity and custodian agnostic, providing liquidity aggregation and direct market access to exchanges and market makers, offering real-time PvP atomic execution and settlement with cross-margining, cross-custodian net settlement and payments.
Bitpanda Custody was previously…