Wyden, the global leader in institutional digital asset trading technology, launched its new flagship product, Wyden Infinity – a cloud-native, end-to-end digital asset trading and banking system created to support the digital asset needs of banks and brokers.
Zurich – Wyden Infinity covers the entire end-to-end trade lifecycle of digital assets across all pre-trade, trade and post-trade use cases. It enables sell-side firms to build and maintain retail and institutional client offerings as well as internal prop-trading needs via a single platform, making Wyden Infinity the ideal choice for banks and brokers when building and scaling their compliant digital asset businesses.
Wyden Infinity meets the highest standards of infrastructure, security, and performance capabilities. Its cloud-native platform combines low latency, high throughput, fault tolerance, and horizontal scalability. Together with flexible SaaS deployment options, including both multi- and single-tenant/dedicated deployments, Wyden Infinity sets a new benchmark for enterprise-level digital asset trading and banking technology.
Key components of Wyden Infinity
- Multiple trading capabilities: Trade all digital asset classes across multiple liquidity providers to achieve best execution with SOR (Smart Order Routing) and execution-algo technology.
- Agency and principal trading: Create innovative institutional and retail client offerings, balance risk and revenue goals by deploying either agency or principal trading models. Create liquidity pools and house prices for different customer groups and configure fully flexible fee schedules to maximize revenue. Manage risk and market exposure using warehousing and automated hedging to manage market, liquidity, and counterparty risk.
- Automated treasury and settlement: Efficiently manage pre-trade treasury and post-trade settlement processes across multiple counterparties, from seamless pre-funding and margin management to on-chain and off-chain settlement transfers. All net settlement transfers are fully accounted in real time for audit and reconciliation purposes.
- Banking-grade digital asset accounting: Use Wyden Infinity as your digital asset accounting system to maintain and reconcile a book of records for all internal and external trades, transactions, and asset transfers. Wyden’s double-entry general ledger records all off-chain movements between omnibus and sub-ledger client wallets, as well as on-chain transfers between custody and counterparty wallets.
- Wyden Exchange: Launch a trading venue for customers with Wyden Infinity’s Central Limit Order Book (CLOB) technology. Source liquidity from external venues and perform automated real-time or threshold-based hedging.
- FX triangulation: Offer trading pairs in any currency. Allow customers to trade in their local currency while sourcing liquidity in another currency to maximize revenue.
Over 20 regulated banking institutions already use Wyden’s trading solutions. This includes Baader Bank’s highly successful white-label offering, which integrates Wyden to enable digital asset trading for clients include German online broker finanzen.net as well as the full-service neobroker SMARTBROKER+, with plans to further expand the integration. Amongst other clients are Luzerner Kantonalbank, one of Switzerland’s biggest cantonal banks, and InCore Bank, a Swiss B2B transaction bank for banks, securities firms, institutional investors and fintech companies.
Wyden founder and CEO Andy Flury said: “2024 has brought favorable conditions across markets and regulation for institutional digital asset banking services. We are thrilled to formally launch Wyden Infinity, enabling sell-side firms to build and scale their digital asset businesses. Wyden is the most advanced trading solution on the market, supporting the complete trade lifecycle from pre-trade treasury, best-execution trading to post-trade settlement and accounting.”
Connect with us and book a platform demonstration of Wyden Infinity.
In addition to its new flagship product, Wyden also offers Wyden Enterprise, a multi-asset OEMS for crypto funds, hedge funds and asset managers. Wyden Enterprise enables market-wide connectivity, smart order routing (SOR), and custody integration, as well as quant and systematic trading for traditional assets. The launch of Wyden Infinity enables prospective customers in different segments to more easily navigate to the most appropriate solution while recognizing the increasingly diverse needs of institutional digital asset clients.
About Wyden
Wyden is the global leader in institutional digital asset trading technology. By covering the entire trade lifecycle and supporting seamless custody, core banking and portfolio management system integration as well as full trade lifecycle automation, the Wyden platform streamlines digital assets trading. Engineered by a team of trading system veterans and crypto asset experts, Wyden offers best-in-class integrated infrastructure solutions that meet the highest institutional needs. Wyden has offices in Zurich, New York and Singapore.
To learn more visit www.wyden.io.