Crypto.com announced a partnership with Universal Digital Inc., a publicly listed Canadian investment firm committed to expanding access to digital assets across North America as well as Asian markets. The transaction was reportedly carried out via Crypto.com’s “institutional-grade” OTC desk, which provides liquidity, “competitive” pricing, as well as execution for large-volume digital asset trades.
This service reportedly enables improved access to crypto markets without having exposure to public order books, thus aiming to ensure precision and confidentiality for treasury management operations.
Eric Anziani, President and Chief Operating Officer of Crypto.com said that this partnership reflects the increasing momentum among publicly traded companies to adopt digital asset strategies.
Chris Yeung, CEO of Universal Digital Inc. said that this partnership strengthens their ability to safeguard their assets while boosting liquidity management via various OTC solutions, which supports their long-term vision of creating more for their shareholders.
The transaction via Crypto.com’s OTC desk reflects Universal Digital’s decision to enhance its balance sheet and align with the fast-growing global financial ecosystem. It seemingly highlights the increased institutional interest in digital assets as part of a more balanced treasury strategy.
Established back in 2016, Crypto.com is reportedly being used by millions of users worldwide and is the industry participant claiming to focused on regulatory compliance, security and privacy.
Their vision is: Cryptocurrency in Every Wallet. Crypto.com also says that it is committed to accelerating the adoption of crypto via product development and tech advancements.
As noted in the update, Universal Digital Inc. is a Canadian investment company focused on digital assets, businesses and private and publicly listed entities that are involved in high-growth industries, with a particular focus on blockchain, cryptocurrencies and cryptocurrency technologies.
The firm intends to offer its shareholders with more “long-term” capital growth via a diversified investment approach, and to take part in the transformation of global finance via the integration of digital assets strategies.