trueDigital Holdings, LLC, a global provider of financial infrastructure technologies and products for the digital economy, is collaborating with Kaikoand Inca Digital Securities (Inca) to expand distribution of its over-the-counter (OTC) reference rates for Bitcoin and Ether to investors worldwide.
Through the strategic partnership, Kaiko, a provider of institutional-grade cryptocurrency market data, and Inca, a digital asset analytics, consulting and technology firm, will now offer these OTC reference rates to their customers, including asset managers and institutions. Additionally, Inca will use this data to power new analytics. The aim is to provide users with institutional-grade pricing data that helps elevate the quality of trading and risk management.
trueDigital’s OTC reference rates provide a trusted source of pricing for the trading and valuation of digital assets. Rates are derived from the bid and offer prices of 12 institutional market-maker partners and are verified to ensure the executability and integrity of prices, safeguarding against market manipulation. While data from retail crypto exchanges is often inconsistent, trueDigital’s rates provides a more accurate picture of institutional pricing and liquidity as a trusted benchmark.
“These relationships are another meaningful step in the creation of an institutional-grade infrastructure for digital asset trading. trueDigital, Kaiko and Inca are all dedicated to giving institutions the data and tools to make investment decisions with the same clarity and confidence that they would with any other asset class,” said Nick Goodrich, Director of Business Development at trueDigital. “We’re excited by the potential for these and future strategic partnerships, especially those with major financial data providers, to help broaden the global reach of our reference rates.”
Kaiko and Inca join a growing list of strategic partners for trueDigital. Since its launch in July 2018, trueDigital’s OTC reference rates have generated over 17 million price points. Asset managers and other firms currently use trueDigital rates for pricing, NAV calculations and are designed to support regulated index-based products.
Ambre Soubiran, CEO of Kaiko, said “Kaiko is proud to be working with trueDigital to distribute OTC data through our market data distribution channels. Kaiko’s mission is to build the data distribution infrastructure for institutional involvement in the cryptoassets industry. Our partnership with trueDigital will further this mission while also promoting much-needed data transparency.”
trueDigital Holdings, LLC, a New York-based global financial technology company, provides innovative solutions to financial markets utilizing blockchain-based technologies to enable frictionless asset transfer and settlement. trueDigital has also created the first-of-its-kind margined deliverable swap contracts on Bitcoin as well as the first institutional OTC-based digital asset reference rates.
Founded in 2014, Kaiko is a digital assets data provider covering all top cryptocurrency exchanges. Kaiko collects, normalizes, stores, and distributes cryptocurrency market data through a websocket, REST API, and cloud-based Data Feed. Based in Paris, Kaiko’s international team combines years of expertise in finance, data science, and distributed systems to make the tools necessary for institutional involvement in the cryptocurrency industry. To find out more, visit www.kaiko.com or connect on Twitter or LinkedIn.
Inca is a veteran owned financial technology company. Inca’s cutting-edge data aggregation and analytics platform, Nakamoto Terminal, creates unique insights across the digital asset ecosystem. NTerminal was built by and for data scientists, finance professionals, government policy makers, and blockchain experts. NTerminal allows you to holistically and efficiently examine markets, market movements, and new industries migrating to blockchain solutions. To find out more, visithttps://www.incas.ec