Rialto Trading, a U.S. registered broker-dealer and Alternative Trading System (ATS) announced today that it is teaming up with Bittrex, the U.S. based blockchain asset and cryptocurrency exchange and technology company to offer a new digital securities trading platform.
Currently, Rialto operates a regulated ATS for trading fixed income products, and pending approval from regulators, Rialto will expand its ATS operations to include blockchain-based (digital) securities.
Both companies are having detailed conversations with regulators to launch this expanded platform.
“We are excited to share Rialto’s expertise in building networks and trading solutions in the regulated securities industry to develop this new venture in partnership with Bittrex. By working together, we’ll be able to expand our current client offerings to not only include digital securities but also provide them access to a globally advanced and reliable trading platform.”
The expanded platform will combine Rialto’s licensed broker-dealer ATS, tools, and securities industry experience with Bittrex’s expertise in blockchain technology, cybersecurity, and cryptocurrency trading to create a comprehensive securities offering. The ATS will support US dollar (fiat) trading for digital securities. In addition, Rialto will provide services to the entire digital asset securities ecosystem, including issuance advisory services, placement, trading, and custody.
“It takes a unique combination of advanced technology and financial expertise to build and launch an efficient, reliable and secure platform for trading digital securities, and we found the ideal partner in Rialto and its CEO, Shari Noonan. We’re merging Bittrex’s technology, cybersecurity, and blockchain expertise with Rialto’s deep knowledge of the securities industry. And, when you add that foundation with Rialto’s extensive background in financial services, including Shari’s experience at Goldman Sachs and Deutsche Bank, this new venture is well-positioned to further advance blockchain’s adoption by offering a comprehensive solution at the right time.”