Kvarn Capital, a digital asset firm licensed under the Finnish Financial Supervisory Authority (FIN-FSA), has chosen Talos as its technology provider to empower Kvarn X, its brokerage platform, to “provide advanced brokerage services to its individual and institutional clients.”
This integration includes access to Talos’s sell-side dealer technology, “allowing Kvarn X to aggregate liquidity and smartly route clients’ orders across multiple exchanges and market makers.”
Joonas Järvinen, Chief Investment Officer and Founding Partner, said:
“Talos makes it possible for us to provide the institutional-grade and compliant brokerage services that individual and institutional investors have come to expect in traditional finance. With Talos’s connectivity infrastructure and liquidity aggregation technology, we can offer Nordic and European clients liquidity from multiple sources for the first time via professional infrastructure and trading systems, as well as the reporting to meet the pre and post-trade transparency requirements of the regulators.”
The integration of Talos’s technology comes “at a time when the Markets in Crypto Assets (MiCA) regulation is set to take effect across Europe, and is expected to emphasize the importance of compliance and best execution in digital assets trading.”
Having seamless access to aggregated liquidity “from multiple exchanges and dealers will help all investors from individuals to institutions to achieve best execution, while transparent reporting will help them and their brokers to document it.”
Since 2019, the Finnish Financial Supervisory Authority has “required Virtual Asset Service Provider (VASP) registration from all virtual asset service providers.”
MiCA will provide a framework “that unifies the digital asset regulations across the EU and will enable cross-border operations with a single license issued in any member state.”
Kvarn Capital’s adoption of Talos’s buy-side and sell-side technology helps “ensure not only operational excellence, but also regulatory compliance now and into the future.”