Bittrex, a U.S.-based digital asset trading platform, has teamed up with alternative trading system (ATS) firm Rialto Trading to launch a new digital securities trading platform. According to the duo, the platform will combine Rialto’s licensed broker-dealer ATS, tools, and securities industry experience with Bittrex’s expertise in blockchain technology, cybersecurity, and cryptocurrency trading to create a comprehensive securities offering.
Speaking about the collaboration with Bittrex, Rialto CEO, Shari Noonan, stated that by working together Rialto Trading and Bittrex will be able to expand their current client offerings to include digital securities and provide them access to a “globally advanced and reliable trading platform.” Bitrex CEO, Bill Shihara also commented:
“We’re merging Bittrex’s technology, cybersecurity and blockchain expertise with Rialto’s deep knowledge of the securities industry. This new venture is well-positioned to further advance blockchain’s adoption by offering a comprehensive solution at the right time.”
Currently, Rialto operates a regulated ATS for trading fixed income products. The company added that pending approval from regulators, it will expand its ATS operations to include blockchain-based (digital) securities. Both companies added that they are having detailed conversations with regulators to launch the digital securities trading platform.