Crypto Exchange Bittrex Teams With Rialto For Digital Securities Trading Platform

News | August 24, 2018 By:

Cryptocurrency exchange Bittrex has partnered with alternative trading system (ATS) provider Rialto Trading to create a digital securities trading platform.

Founded in 2014, Bittrex is a US-based cryptocurrency exchange. It is renowned for the vast number of cryptocurrencies it has listed, and has a good reputation for its security.

Rialto Trading develops and operates a trading platform that provides institutional traders tools to source and execute fixed income trades anonymously. It offers BondCross, a trading platform that enables traders to upload portfolios across fixed income asset classes. The company also provides Liquidity Portal, a real-time search engine to source alternative and replacement liquidity options through customized parameters.

Rialto is working with Bittrex in order to include blockchain-based securities into its ATS operations. Both companies are having detailed conversations with regulators to launch this expanded platform. To create the digital securities platform, Rialto will combine its licensed broker-dealer ATS, tools and securities industry experience with Bittrex’s expertise in blockchain technology, cybersecurity and cryptocurrency trading. The platform will offer fiat trading for digital securities, trading, placement, issuance advisory and custody services.

“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,” said Rialto Trading CEO Shari Noonan. “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.”

“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,” said Bittrex CEO Bill Shihara. “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.”