DeFinity records world’s first live cash foreign exchange (FX) trade to its permissionless layer-1 blockchain
LONDON, January 12, 2022 — DeFinity, an institutional digital asset ECN and DeFi marketplace for foreign exchange, digital assets and CBDC, announces the world’s first settled cash FX trade written to its permission-less layer-1 WeOwn blockchain.
To view transactions recorded to our permissionless layer-1 blockchain, please use our blockchain explorer at: https://explorer.weown.com/
The OTC foreign exchange market has been opaque since its electronification in the late 90’s. Prices vary across venues, which can make it difficult to establish an even execution benchmark.
Anonymised or fully disclosed data can be recorded in real-time, or on a delayed basis to protect proprietary strategies. Clients can customise certain components of the service to meet their needs around internal and external reporting requirements.
DeFinity offers counterparties the ability to trade and record the full lifecycle of transactions on the layer-1 blockchain. With the unique hybrid architecture of the WeOwn layer-1 blockchain, users of the service can opt-out of the permissionless channel and instead retain full privacy with a permissioned blockchain, sharing data with select counterparties, regulators and third-party analytics vendors.
DeFinity is institutional custody agnostic and its ecosystem allows for a wide range of custodians to interact with its buy-side and sell-side participants, whilst also allowing those participants to be fully flexible as to execution venue. DeFinity has always held the vision of creating the environment to realise the inflexion point for institutions as FIAT & crypto converge. Establishing a market leading position with our partners in both individual asset classes will position us to accelerate the delivery of our roadmap.
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· Telegram Official Community — https://t.me/DeFinity_Community
· Telegram Announcements — https://t.me/DeFinity_ANN
· Medium — https://medium.com/definity-network
· LinkedIn — https://www.linkedin.com/company/definitynetwork
· Twitter — https://twitter.com/definitynetwork
