Institutional digital assets platform for digital finance trueDigital Holdings has partnered with crypto firms Kaiko and Inca Digital Securities, aiming to expand its distribution of over-the-counter (OTC) reference rates for Bitcoin (BTC) and Ether (ETH) to international investors.
According to the press release on March 25th, trueDigital has sealed two distribution deals with crypto data provider Kaiko and cryptofinance technology analytics Inca Digital Securities. The firm’s goal is to provide users with pricing data and allow them to increase the trading quality as well as manage risk. By offering BTC and ETH OTC reference rates to customers, Kaiko and Inca can use the collected data for their new analysis.
As the press release outlines, TrueDigital’s OTC reference rates for BTC and ETH are said to be derived from 12 institutional market-maker partners, specifically the Genesis Global Trading and Circle. The company claims to provide a trusted pricing source and integrity of prices that aims to reduce the risk of market manipulation.
Ambre Soubiran, CEO of Kaiko, stated that the firm’s mission is to create data distribution infrastructure which will benefit the crypto assets industry. He also commented that the partnership with trueDigital “will further this mission while also promoting much-needed data transparency”.