BridgePort Unveils Innovative Middleware for Crypto Trading and Settlement

BridgePort Launches Innovative Middleware for Institutional Crypto Trading

BridgePort has officially announced the launch of its highly anticipated middleware platform, designed specifically to enhance institutional crypto trading and settlement processes. This groundbreaking solution is poised to revolutionize how trading firms, exchanges, and custodians interact and execute transactions in the world of digital assets.

Supported by industry titans including Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures, and Humla Ventures, BridgePort's platform introduces a state-of-the-art off-exchange settlement infrastructure. This essential innovation creates seamless connections between various execution venues and custody providers, streamlining the entire process from pre-order asset allocation to post-trade settlement.

Tailored Solutions for Institutional Players

Recognizing the unique needs of institutional trading firms, exchanges, and custodians, BridgePort aims to eliminate the cumbersome requirement of pre-funding at exchanges and circumvent the issuance of unverified credit lines in over-the-counter (OTC) markets. Furthermore, the platform addresses the traditional limitations imposed by custodial walled gardens, fostering a more integrated and efficient approach to crypto trading.

By focusing on maximizing capital efficiency, enhancing access to liquidity, and minimizing operational friction, BridgePort is reshaping the landscape of institutional finance in the rapidly growing digital era. Its infrastructure allows for comprehensive interoperability across centralized exchanges, decentralized platforms, and OTC markets, irrespective of the type of trading modality or collateralized asset.

Endorsements from Industry Leaders

Brett Fairclough, President and COO at Virtu Financial, commented on the significance of BridgePort's network, stating, "As a global market-maker across traditional finance and crypto assets, we understand the important role that networks like BridgePort play in enabling efficient and resilient markets. Their platform delivers the critical connectivity necessary to bridge key infrastructure gaps and boost institutional participation in the burgeoning crypto markets."

Aly Madhavji, Managing Partner of Blockchain Founders Fund, echoed this sentiment by highlighting the operational efficiency that BridgePort provides for institutional crypto adoption. He said, "BridgePort brings the connectivity needed for widespread institutional involvement in the crypto space. We are energized to support this important innovation."

Philippe Bekhazi, CEO of XBTO, also shared his perspective, noting, "As a pioneer in crypto trading, we recognize the complications stemming from fragmented ecosystems. BridgePort addresses these hurdles, paving the way for a scalable and interconnected trading environment."

Expertise Behind the Platform

Nirup Ramalingam, CEO of BridgePort, emphasized the team's extensive background in the financial sector. He stated, "Our founding team comprises veterans with decades of experience in creating low-latency execution and settlement systems for foreign exchange and fixed-income markets. By leveraging proven strategies from traditional finance, the BridgePort platform has been meticulously designed to cater to the distinct requirements of institutional crypto trading."

The platform stands out through its commitment to transparency and operational excellence, laying the groundwork for a transformative approach that has the potential to redefine the functionality of financial markets in the digital age.

For those looking to explore how BridgePort is influencing the future of institutional crypto markets, additional information can be found at bridgeportmq.com.

For inquiries, Chris Soriano can be contacted via email at [email protected] or by phone at +1 908-738-9249.