Kraken says this will enable clients and institutions in the European Economic Area (EEA) to access a full range of crypto derivatives, as well as liquid futures instruments
The company says that ETPs that are eligible for clearing must meet specific criteria based on market capitalisation, as well as underlying asset availability
The integration allows Copper’s clients to convert off-exchange balances into USDC and use the stablecoin for instant trading and settlement across connected exchanges
The offering will come via the Kinexys Digital Payments platform for the bank’s London branch, which the firm says is one of the first blockchain products of its kind to be introduced in the UK
The DSS intends to facilitate innovation in market infrastructure, as well as protect financial stability by evaluating blockchain and DLT in a non-live environment
Broadridge says the solution is designed to ensure firms are able to scale their digital asset solutions whilst maintaining compliance with evolving regulations in the crypto ecosystem
