#USA #Dubai #Digital Assets #Bosonic #Sound Money

Partnership for a Safer Digital Future

In a groundbreaking move for the cryptocurrency landscape, Bosonic and Sound Money Solutions have announced their collaboration to enhance non-custodial and multi-custodial settlement systems. This initiative aims to prevent the failures that have plagued centralized exchanges, ensuring that investors maintain full control over their assets while accessing global liquidity. The significant risks associated with current custodial models have prompted both companies to pursue a safer and more resilient digital trading infrastructure.

Eliminating Risks Associated with Centralized Platforms

The alarming breaches at exchanges like FTX and ByBit highlighted dire vulnerabilities in centralized platforms, leading to billions lost due to hacks, fraud, and insolvency. Rosario Ingargiola, CEO of Bosonic, commented, "The current model is unsustainable. ByBit's breach underscores a dire truth—custodial exchanges are honeypots for hackers. We must build infrastructure that removes reliance on third parties entirely—and this partnership with Sound Money Solutions delivers that future."

This sentiment is echoed by Max Hillebrand, Co-Founder at Sound Money Solutions, who stated, "Self-custody isn't optional—it's essential. Our goal is to empower every participant, from retail traders to institutions, with tools that let them control their assets with confidence. Our partnership with Bosonic moves us closer to a future free from the fear of insolvencies and hacks."

Innovative Solutions for Asset Control

The duo is leveraging Bosonic's blockchain-based platform to redefine how trading occurs. Here are some of their key innovations:

• - Real-Time, On-Chain Ownership: Users retain direct control of their assets; no pre-funding is required.
• - Atomic Settlement: Trades settle instantly and securely across multiple custodians, eliminating credit risks.
• - Cross-Custodian Net Settlement: Reduces friction through seamless, trustless coordination among custodians.

Sound Money Solutions complements these innovations by providing self-custody enhancements, including:

• - Key Management: Custom frameworks for securely managing private keys.
• - Disaster Recovery: Step-by-step protocols if keys are compromised or access is lost.

Call to Action for Industry Players

Together, these companies are advocating for systemic change within the digital asset ecosystem, emphasizing three major actions:
1. Demand for Platforms: Investors should push for transparency in ownership and robust self-custody support from trading platforms.
2. Integration of Infrastructure: Custodians must adopt technologies that offer liquidity access without relinquishing user control.
3. Proactive Risk Management: Stakeholders must take steps to tackle risks before they escalate into crises.

Building a Decentralized Future

With their combined efforts, Bosonic and Sound Money Solutions hope to foster a decentralized and resilient ecosystem that protects users from centralized failures and mismanagement. Traders, exchanges, custodians, and market makers are encouraged to engage with this initiative to maintain control over their assets while enjoying the benefits of global liquidity.

To find out more about this innovative partnership and how it can redefine digital asset management, visit Sound Money Solutions. For media inquiries, please contact 21M Communications at [email protected].

About Sound Money Solutions

Sound Money Solutions is committed to empowering individuals and enterprises with holistic self-custody solutions. With a focus on secure key management and disaster recovery, they aim to make self-custody accessible and efficient for all participants.

About Bosonic

Bosonic, Inc. develops market technology solutions that facilitate trading and settlement for all asset types while minimizing credit and settlement risks. Their innovations are critical in reshaping the financial landscape to avoid future crises.