Torstone Technology and Digivault Partner to Enhance Post-Trade Services for Digital Assets
LONDON, May 5, 2021 /PRNewswire/ -- Torstone Technology, a leading SaaS provider of post-trade securities and derivatives processing, announced today that it has partnered with Digivault, a digital asset custody provider and custodial arm of Diginex [Nasdaq:EQOS], to provide Digivault's clients with enhanced post-trade services while enabling Torstone Technology's customers access to digital asset custody solutions.
The partnership with Digivault will leverage the Torstone Technology cross-asset platform including cryptocurrencies and tokenised assets, giving clients the flexibility to handle all of their crypto trading in a single post-trade solution leveraging Digivault for digital asset custody. This partnership will provide Digivault clients with an institutional-grade book-of-records functionality which is critical for regulatory compliance, and auditors.
The partnership will integrate and leverage both firms' cloud infrastructure, with the Torstone platform providing a bridge between movement of traditional securities and fiat payments with digital assets, spanning standards and networks like FIX and SWIFT with digital networks and crypto custody.
Digivault has been built by specialists from government security and banking infrastructure technology. The custody solutions have been built to institutional risk policy standards and the team works with banks across the globe. Digivault offers extreme cold and one of the industry's most secure warm solutions. Custody solutions built by Digivault are certified and accredited by cybersecurity standards, such as Cyber Essentials Plus. The cold solution operates out of the vaults of global vault provider Malca-Amit.
The Torstone platform provides a full middle- and back-office solution for crypto assets alongside traditional securities and derivatives that covers trade capture, real-time clearance, settlement management and monitoring, and central safekeeping book-of-records. Through the platform's real-time multi-currency sub-ledger, Torstone and Diginex clients can account for all their business in one place with full audit capabilities to address any needs of regulators and auditors alike.
Brian Collings, CEO, Torstone Technology, said, "Over the last year, we have seen a significant increase in interest in digital assets from our clients. Recognising the needs of the industry to consolidate traditional assets and digital assets on a single processing platform, we are now extending our multi-asset capabilities of crypto currencies and tokenised assets to custody and partnering with Digivault, a leading custodian of digital assets. This is an exciting growth area, and we look forward to continuing to work with our new partner Digivault."
Robert Cooper, CEO, Digivault, said, "Our partnership with Torstone offers financial institutions assurance that their post-trade operations, including custody, re being managed safely while meeting regulatory standards. This transparency and the ability to simply manage cryptocurrency back-office processes alongside traditional assets is becoming an essential capability for investors and is a window into the future of investment."
About Torstone Technology www.torstonetechnology.com
Torstone Technology is a leading SaaS platform for post-trade securities and derivatives processing. We simplify the complexities of post-trade by connecting global financial industry expertise with post-trade technology innovation. Combining many decades of investment banking expertise with in-depth global financial market and technology industry knowledge, we offer agile, secure, scalable, and cost-effective solutions. Torstone's Cloud-based, award-winning Inferno technology enables global financial firms to reduce costs, achieve greater operational efficiency, drive revenue growth and minimise risk.
We are a fast-growing company headquartered in London, with offices in New York, Toronto, Hong Kong, Singapore, and Tokyo.
About Digivault www.digivault.com
Digivault is the industry certified and accredited crypto and digital asset custodian of Nasdaq listed Diginex (Nasdaq: EQOS). The Digivault custody solution was designed built and is run by a team of IT solution delivery experts from the finance and security sectors and delivers enterprise grade cold, and warm custody solutions operating in harmony with one another.
This press release is provided by Diginex Limited ("Diginex") for information purposes only, is a summary only of certain key facts and plans of Diginex and includes forward-looking statements that involve risks and uncertainties. Without limitation, the press release does not constitute an offer or solicitation in relation to any securities or other regulated products or services or to make use of any services provided by Diginex, and neither this press release nor anything contained in it will form the basis of any contract or commitment whatsoever. The contents of this press release have not been reviewed by any regulatory authority in any jurisdictions. Forward looking statements are statements that are not historical facts and are subject to risks and uncertainties, which could cause actual results or outcomes to differ materially from the forward-looking statements. Most of these factors are outside of Diginex's control and are difficult to predict. Factors that may cause such differences include, but are not limited to the ability to achieve the anticipated benefits of the partnership; the ability of Diginex to grow and manage growth profitably; Diginex's limited operating history and history of net losses; Diginex's ability to execute its business plan; the inability to maintain the listing of Diginex's shares on Nasdaq; Diginex's estimates of the size of the markets for its products; the rate and degree of market acceptance of Diginex's products; Diginex's ability to identify and integrate acquisitions; potential litigation involving Diginex or the validity or enforceability of Diginex's intellectual property; general economic and market conditions impacting demand for Diginex's products and services; and such other risks and uncertainties indicated in Diginex's Shell Company Report on Form 20-F, including those under "Risk Factors" therein, and in Diginex's other filings with the SEC, which are available on the SEC's website at www.sec.gov.
In addition, any forward-looking statements contained in this press release are based on assumptions that Diginex believes to be reasonable as of this date. Diginex undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
Other than those of Diginex, all names, trademarks and logos in this press release and used in the materials herein belong to their respective owners. Nothing contained on this press release should be construed as granting, by implication, estoppel, or otherwise, any right or license to use any third-party names, trademarks, or logos displayed on the press release without the written permission of such third parties. Copyright (c) Diginex 2021.
SOURCE Diginex Limited