For institutions getting into crypto has never been easier, and it looks as though this is set to continue. One such vehicle for entry, is Caspian, an institutional-grade crypto trading platform boasting multiple industry partnerships; its a one-stop shop for any institution looking to get into the scene, and it just passed its beta.
According to a press release, Caspian has reached the end of the beta testing phase, and are now rolling out the next stage of their development. With 15 institutional clients already on board, Caspian now looks to expand to more than 50 by the end of the year. Clients include crypto investment frim Techemy, crypto asset management firm Blockstars along with Mike Novogratz’ Crypto bank, Galaxy Digital.
"At Caspian, we believe institutional investors need two things - an institutional-level custodial solution that Fidelity will bring, and secondly, intuitive and user-friendly software platforms, like Caspian for the management of these assets," said COO of Caspian, David Wells.
Caspian is a joint venture between blockchain and crypto investment firm Kinetic and cloud-based tech provider, Tora. The nascent pro-trading platform enables a singular interface into all major crypto exchanges achieved through partnerships with crypto giants such as Coinbase, Binance, and Gemini.
Thanks to firms such as Caspian, Fidelity, and Bakkt, cryptocurrency investment is being opened up to a much wider demographic, secured with the backing of a regulated company, giving institutional investors a plethora of reasons to get involved.
Read more: The very institutions crypto was meant to disrupt are all in- what will this mean?; Will Bakkt's partnership with Starbucks lead to mass adoption at last?; Fidelity Digital Assets launches to bring crypto to institutional investors