CASPIAN The world of crypto grows continuously. There is a lot of new exchanges and cryptocurrencies. Traditional investors, asset managers and operators must navigate resources and tools individually in order to participate in the cryptographic space. This creates a barrier to entry for individuals and institutions that might otherwise participate in this growing economy. Caspian is a complete stack of financial tools that integrates with the main exchanges to offer users a unique place to interact with the entire cryptographic space.
The Caspian firm is establishing alliances throughout the cryptocurrency ecosystem to become an institutional portfolio management system, focused on investors, all in one. This week, the company partnered with Bitmex, so now Caspian customers will have a unified trading module with more liquidity. In addition, the company provides an order management system (OEMS), a risk management system (RMS) and a portfolio management system (PMS)Co-founder of Bitmex, he says that the collaboration with Caspian makes sense because "Bitmex uses the latest multifactor security, inside and out"Bitmex offers a lot of liquidity since in the last 30 days the exchange has managed to exchange $ 3 billion in commercial volume.
Lack of security
Unlike traditional markets, where the functions of matching orders and price discovery are quite separate from the custody and settlement of transactions, the current scenario in the cryptographic universe is such that generally all these functions are performed by a central part: the cryptographic exchange. This creates an obvious dilemma for any large institutional stakeholder, that is, they are exposed not only to the market and liquidity risks that arise from their business activities, but also to the counterparty risks associated with the custody and liquidation of their assets. In addition, these counterparty risks are, for the most part, extremely difficult to quote and practically impossible to cover, a problem that worsens when one learns that many of these liquidity places are unregulated private corporations with opaque, but invisible balances. Make the recovery of lost or misappropriated assets almost impossible.
Problem: current market
More than 200 exchanges are currently active. Of these, five exceed $ 1 trillion, 5 equivalents in daily transaction volume, and 19 have more than 100 million dollars equivalent to the daily volume of operations. It would be almost impossible to try to list all the tokens that have been issued to date. Only the top 16 currencies have market caps of more than 1 billion dollars equivalent, and among them, four currencies have a daily volume of more than one billion dollars equivalent. Therefore, it is reasonable to expect that fragmentation of both tokens and exchanges is a persistent feature of the blockchain markets in the short to medium term.
Main benefits of Caspian
Caspian provides a unified control center optimized for quick operations, which will serve as the main center for portfolio managers and traders. It is based on the technology developed by Tora to serve its large customer base, and has been improved to meet the specific needs of the cryptographic space. Users can receive alerts about slip or fill time, allowing them to take action based on market conditions. Caspian allows traders to react quickly to market conditions using the settlement functions. Caspian also plans to add transaction cost analysis (TCA) checks before the transaction to identify which exchanges will be best suited to execute orders that must be completed. Security is paramount to ensure the privacy and integrity of all data flowing through the Caspian .
Crypto commerce and platform solution
Caspian is a joint venture between two companies, Tora and Kenetic, each of which has a successful track record in asset management and investment in cryptocurrencies. Tora is a leading provider of asset management technology, which includes an OEMS that averages a monthly notional capital volume of more than US $ 100 billion and is currently responsible for 17% of the volume of Japanese institutional capital trading. The company, with connectivity to more than 150 stock and derivatives markets, as well as customers in North America, Asia, Europe and Australia, is in an ideal position to launch Caspian, which will be the first large-scale institutional infrastructure specifically aimed at managing of traditional assets. Companies and market makers.
Out Team
We are reaching a crucial point in the history of crypto development. While the general public can focus on the headlines about the ups and downs of the cryptocurrency markets, the important thing is that the world is watching. However, that includes institutional investors, who are increasingly interested in the benefits that crypto offers their portfolios, to a degree that could have been unthinkable even six months ago. These investors, who have $ 130 billion of assets under management around the world, could have a major impact on the encryption market, whose market capitalization is still less than $ 300 billion.
As it is now, cryptocurrency operators are often reduced to the use of spreadsheets and ad-hoc solutions that offer much less than they need in terms of optimizing operations execution, risk management, and auditing and compliance.
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Great article, @carol24!