#London #United Kingdom #Fintech #EY #DeFinity Markets

DeFinity Markets Joins Forces with EY

On January 21, 2025, DeFinity Markets announced its collaboration with EY, the professional services firm, as part of the EY FinTech Growth Program. This initiative is designed to foster the growth of promising scaling FinTechs in the UK, and DeFinity is keen to leverage this opportunity as it prepares for its upcoming Series A funding.

DeFinity Markets is renowned for being the first full-stack institutional digital asset matching and settlement platform, drafting a niche between fiat and digital asset transactions. The firm's recent achievement of Jersey's Virtual Asset Service Provider (VASP) status underscores its rapid ascent in the digital finance landscape. Having access to EY's vast resources and expertise will enable DeFinity to expand its operational model and optimize its offerings ahead of significant growth.

Rigorous Selection and Strategic Growth

The selection process for EY’s FinTech program was highly competitive, with only a handful of companies invited to partake in the significant sessions that cover topics like taxation, regulation, international expansion, and fundraising. EY’s professionals lead these workshops, tailored to guide scaling companies like DeFinity towards smart growth strategies that can make a lasting impact on the FinTech sector. Tom Bull, EY’s FinTech Growth Leader, commented, "We believe the companies we've welcomed into our fourth cohort possess the potential to scale exponentially and shape the future of financial services in the UK."

Through this partnership, DeFinity intends to harness EY's extensive experience in guiding startups and scale-ups through the challenges of the financial technology terrain. This partnership comes at a critical juncture for DeFinity as it aims to solidify its position within the highly competitive digital asset market while also looking towards expanding its asset class offerings.

A Vision for the Future of Digital Assets

Chris Park, Chief Risk Officer of DeFinity Markets, expressed enthusiasm about the collaboration with EY, stating, "We are thrilled to be part of this exciting program. Our commitment to the digital asset market is steadfast, and the support from EY is expected to fully prepare our organization for the next stage of its growth journey."

DeFinity’s operational model includes a unique ecosystem designed to facilitate the adoption of digital assets, having built partnerships with top-tier financial institutions and regulators globally for years. This card room offers fertile ground for future developments as DeFinity aims to engage in a focused global expansion in the very near future.

The Institutional Standard

DeFinity Markets stands out as the Institutional Standard in Digital Assets Trading, allowing financial institutions access to its groundbreaking platform which combines fiat and digital transactions seamlessly. With its ECN (Electronic Communications Network) model, DeFinity provides custody-agnostic trading, enabling International clients to transact efficiently across various currencies, including GBP, EUR, and USD, using its integrated fiat on and off-ramp gateways.

In summary, the partnership between DeFinity Markets and EY sets the stage for a promising future as it works towards a successful Series A funding phase. The cumulative experience, strategic insights, and invaluable support from EY will serve as a backbone for DeFinity’s rapid expansion in the digital asset space. As the digital finance landscape continues to evolve, DeFinity intends to remain at the forefront, harnessing innovative solutions that cater to the changing needs of financial institutions worldwide.