Tora, a supplier of asset management technology, and Kenetic, a blockchain and cryptocurrency investment firm, have launched Caspian, a joint venture providing institutional investors with a full-stack crypto trading and risk management platform.
The crypto asset management solution provides sophisticated connectivity and interoperability across various cryptocurrency exchanges and is expected to drive exponential participation in crypto-trading by institutional investors.
As of February 2018, the average daily exchange-trading volume across all crypto assets was more than USD50 billion, and the total estimated market cap for blockchain instruments exceeded USD700 billion. Market analysts expect that number to rise to USD10 trillion in 15 years.
"To enable this multi-trillion dollar market to emerge, investors need to transition towards a decentralised trading model backed by an institutional-grade platform that easily facilitates large purchases of BTC and other cryptos with access to the familiar tools used in traditional markets," says Robert Dykes, CEO & Co-Founder of Caspian, and CEO of Tora.
Tora is a long-established, leading supplier of asset management technology including an Order and Execution Management system (OEMS) that averages monthly notional equity volume exceeding USD100 billion and is currently responsible for 17 per cent of Japanese institutional equity trading volume. With connectivity to 150-plus exchanges and clients in North America, Asia, Europe and Australia, the company is ideally positioned to launch Caspian, the first large-scale institutional infrastructure specifically aimed at traditional asset management firms, market makers, institutional speculators and anyone who holds a diversified portfolio.
"Crypto trading is still relatively young, and investors are unable to manage a diverse portfolio of crypto-assets on a single platform," says Jehan Chu, Chief Strategy Officer of Caspian, and Co-Founder and Managing Partner of Kenetic. "One of the biggest challenges for Institutional investors is the lack of tools to support this new age of crypto-trading."
"While other products in the market tend to only focus on order and execution management, Caspian offers a full suite of crypto asset management solutions. Caspian offers critical features, such as a compliance overlay, the ability to track real-time P&L and exposure, and reporting capabilities for stakeholders both internally and externally," Dykes adds.
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