SigOne Capital, an institutional grade over the counter (OTC) broker for trading crypto assets, today announced a partnership with DV Chain, an affiliate company of proprietary trading organization DV Trading and IIROC Dealer Independent Trading Group.
The partnership is designed to embolden both parties to expand their reach and influence in the crypto trading ecosystem. By pairing SigOne’s experience, relationships and contacts throughout the industry with DV Chain’s trading, settlement and back office infrastructure, they can offer a suite of products and a level of service not currently available in the industry.
Currently, there are two primary models of conducting business in the over-the-counter (OTC) space; either an agency brokerage or full integration into a proprietary trading desk. Historically, SigOne has operated using the agency model, matching buyers and sellers directly.
While the model proved to be successful, they realized that in order to properly scale on a global level and adapt to their client’s needs, their business model needed to evolve. SigOne’s ultimate goal as an organization is to help bridge the traditional financial markets with the crypto ecosystem. In order to do so in a meaningful fashion, they took a step back to evaluate the most efficient way to do this and decided that they wanted to align themselves with a partner from the proprietary trading world.
The ideal partner would have the pedigree and technical capabilities to strengthen the value proposition for their clients which is:
- Access to Global Liquidity: Directly connected to a global network of trading partners and pools of liquidity
- Institutional Grade Service: Best in class Institutional KYC/AML compliance and on-boarding
- Safe & Secure Trade Flow: Efficient & transparent
- Timely Trade Settlement: Seamless intraday trade settlement
The partnership between SigOne Capital & DV Chain stems from shared interest and vision for the future of crypto assets and helping to build out the infrastructure for true global liquidity. As the crypto ecosystem continues to evolve, it’s important to help expand the various global pipelines of liquidity between key players and participants. A point that has been consistently voiced in the industry is the lack of clarity when it comes to trading cryptoassets.
SigOne Capital and DV Chain have focused on addressing this and have come together to provide a transparent platform for parties to transact on. With the combined resources, networks and knowledge of SigOne Capital and DV Chain, they are confident that not only are they greater than the sum of their parts, but that they will make a meaningful market impact.
Moving forward SigOne Capital will help manage new business development efforts on behalf of DV Chain, which will help expand the combined market reach.
“Being in this industry for several years now has given us the ability to clearly view the whole landscape of global OTC providers and we can confidently say that DV has quietly built one of the most impressive crypto trading infrastructures that we have seen. We are very impressed with the knowledge and capabilities that the team have brought to the crypto space from traditional markets and are excited to elevate the level of sophistication in the OTC space.”
“We are very pleased with our new partnership with SigOne Capital. SigOne Capital is co-founded by Michael and Genia, both of whom are former founding team members of Shorcan DCN (Digital Currency Network), which was the TMX Group’s cryptocurrency trading desk. Both SigOne & DV will greatly benefit from this partnership, from our combined acumen in capital markets, blockchain technologies and crypto asset trading, we will be able to provide a service that doesn’t exist in the market today”
