Wyden, the provider of institutional digital asset trading infrastructure, has been selected as a key technology partner in the launch of Sopra Crypto Solutions – together with Fireblocks and Chainalysis.
Sopra Crypto Solutions is a white-label platform from Sopra Steria designed to accelerate “the launch and scale-up of digital asset offerings by banks.”
Sopra Crypto Solutions provides the tools and features banks need to launch and scale “secure, compliant, and user-friendly crypto services, including advanced APIs for seamless integration, risk monitoring and compliance automation, as well as robust governance features.”
The Wyden platform will handle order execution and trade management, with digital assets secured “by Fireblocks’ institutional wallet solution, and a comprehensive suite of compliance tools provided by Chainalysis.”
Sopra Crypto Solutions brings together partners from the digital asset sector to address the complex challenges banks face “when launching a new crypto asset offering.”
As a result, Wyden strengthens its position “as the trade lifecycle infrastructure provider for regulated institutions, empowering clients to efficiently trade and manage digital assets.”
Andy Flury, CEO of Wyden said:
“Our partnership with Sopra Steria allows Wyden to grow its strong partner ecosystem and reach new markets through a trusted name in banking technology. For banks moving into the digital asset space, we provide secure and scalable trading infrastructure solutions, enabling them to navigate the digital asset space with confidence and agility.”
As noted in the update, Wyden is the global firm focused on institutional digital asset trading technology.
By covering the trade lifecycle and supporting custody, core banking and portfolio management system integration as well as full trade lifecycle automation, the Wyden platform “streamlines digital assets trading. Engineered by a team of trading system veterans and crypto asset experts, Wyden offers best-in-class integrated infrastructure solutions that meet the highest institutional needs.”
Headquartered in Zurich, Wyden runs “several product hubs in Poland and has offices in Singapore and New York.”
As mentioned in the announcement, Sopra Steria, a major Tech player in Europe with 51,000 employees in nearly 30 countries, “is recognized for its consulting, digital services and solutions.”
It helps its clients drive their digital transformation and “obtain tangible and sustainable benefits.”
The Group provides end-to-end solutions to “make large companies and organizations more competitive by combining knowledge of a wide range of business sectors and technologies with a collaborative approach.”