Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian, announced on Wednesday it has selected Eventus Systems, a global trade surveillance and risk management software platform provider, to provide trade surveillance solution for its platform. The signing reportedly marks the sixth major exchange in the digital asset space to turn to Eventus for trade surveillance.
According to the duo, Gemini has adopted the cloud-based version of Eventus’ Validus solutions on a T+1 basis for market surveillance that identifies a wide range of potential market manipulation behaviors. Gemini COO, Noah Perlman, further stated:
“The digital asset space is a constantly changing environment, and working with a solution that is tailored for our market needs, including built-in flexibility as the landscape evolves, is critical. Eventus has a great track record, and its solution combines strong machine-learning and automation capabilities alongside a high-touch support model.”
The collaboration with Eventus comes just after Gemini formed a partnership with digital asset investing platform for professional wealth managers Blockchange to provide a registered investment advisors (RIAs) a secure one-stop-shop for buying, selling, storing digital assets.
The duo explained this integrated solution is the first of its kind, combining Blockchange’s recently announced BITRIA Digital Turnkey Asset Management Platform (DTAMP) with Gemini’s exchange and custody solution, which delivers an institutional-grade option for RIAs who want to expose their clients to digital assets for improved returns and risk mitigation.
Founded in 2014, Gemini describes itself as a next-generation cryptocurrency and custodian that allows customers to buy, sell, and store digital assets such as bitcoin and ether.
“Gemini is building a bridge to the future of money. We offer an industry-leading suite of crypto-native products and tools for individuals and institutions; enabling them to grow, manage, and use cryptocurrency holdings with world-class security, compliance, and customer experience.”