SCRYPT Powers Finnova and Wyden’s Integrated Digital Asset Trading and Custody Service
Zug, Switzerland – November 30, 2023: SCRYPT, a Swiss financial services provider specialising in crypto assets for web3 companies and institutions, is pleased to announce that its superior execution and settlement service has been chosen to power a recent partnership between Swiss banking software provider Finnova and institutional digital assets trading technology provider Wyden. The MvP-ready Proof-of-Concept can provide financial institutions with a fully integrated solution for the trading and custody of digital assets.
With the seamless integration of SCRYPT’s trusted digital asset trading platform, Finnova and Wyden can offer an orchestrated solution that makes it easier for banks to set up and scale a digital asset banking strategy. Together, the three firms have achieved an unprecedented degree of process automation, risk management and integration in institutional crypto trading along the entire trading cycle.
SCRYPT’s existing trading platform, combined with its risk management, automation, and digital asset trading expertise, enables it to seamlessly provide clients with secure and efficient access to digital assets, which is unavailable anywhere else in the market. To streamline its digital asset trading process, SCRYPT leverages Fireblocks, a leading institutional-grade digital asset custody solution.
SCRYPT CEO, Norman Wooding commented: “Our collaboration with Finnova and Wyden represents a major milestone in the crypto banking space. Working together to drive innovation and help pave the way for the institutional adoption of digital assets is a great opportunity. Our trading platform, combined with Finnova’s holistic smarter banking ecosystem will enable us to provide clients with secure and efficient access to digital assets.”
Andy Flury, CEO of Wyden, said: “We are excited to partner with Finnova and SCRYPT to further bridge the gap between digital assets and classic banking. By serving as the infrastructure backbone for digital asset trading and orchestration we help banks set up and scale their digital asset banking strategy. Thus, we look forward to working with SCRYPT and Finnova to further drive innovation in institutional trading.”
Ante Plazibat, Head of PM Digital Assets at Finnova, said: “This collaboration represents the nature of digital asset-based ecosystem thinking. The joint capabilities represented in the Proof-of-Concept can serve our community with a solution that does not compromise on automation and integration. Through the joint automated settlement functionalities complemented with Finnova’s hot-cold wallet transfer capabilities, a new level of risk mitigation can be achieved.”
About SCRYPT
SCRYPT – Your Trusted Partner for Crypto Assets.
SCRYPT is a premier Swiss licenced financial service provider with a focus on institutional-grade crypto asset services.
We empower institutions and Web3 companies with comprehensive access to the crypto asset landscape.
Discover more: SCRYPT | info@scrypt.swiss
