Bastion is excited to partner with prime brokers to serve exchanges, onramps, offramps, and crypto payments companies by combining trade execution, liquidity provision, highly scalable wallet infrastructure, and regulatory coverage. This collaboration enhances our clients' ability to offer comprehensive and secure financial services to their end-users.
The Role of Prime Brokers
Prime brokers are essential for large institutional clients such as hedge funds and asset managers, offering:
- Trade Execution: Facilitating the execution of large and complex trades to ensure optimal pricing and minimal market impact.
- Liquidity Provision: Providing access to deep liquidity pools for efficient buying and selling of assets.
- Financing and Leverage: Offering margin financing to enhance trading strategies.
- Clearing and Settlement: Handling the clearing and settlement of trades for smooth and efficient transactions.
Bastion's Role: Custodial Wallet Infrastructure and Regulatory Coverage
Bastion specializes in wallet-as-a-service solutions for blockchain transactions, including:
- Custodial Wallet Infrastructure: Secure and scalable services for managing cryptocurrency and stablecoin transactions for retail users, merchants, and stablecoin reserves.
- Regulatory Coverage: Compliance with MSB status and MTLs, allowing clients to operate within the legal framework while focusing on growth.
Synergy Between Bastion and Prime Brokers
By partnering with prime brokers, Bastion enhances service offerings for exchanges and payments companies in several ways:
- Integrated Trade Execution and Liquidity:
- Prime brokers provide trade execution and liquidity, enabling efficient trading experiences.
- Seamless Asset Management:
- Bastion's wallet infrastructure allows customers to store and manage their end-users' and own corporate assets securely.
- Regulatory Assurance:
- Bastion’s regulatory framework ensures compliance with relevant laws and regulations.
- This coverage allows exchanges and payments companies to focus on their core operations.
- Enhanced User Experience:
- The combined offerings create a seamless and secure experience for end-users, enhancing confidence in trading, storing, and managing assets.
Case Study: Serving an Exchange
Consider an exchange enhancing its service offerings by partnering with a prime broker and Bastion:
- Trade Execution and Liquidity: The prime broker ensures efficient trade execution and liquidity access.
- Custodial Wallets: Bastion provides secure storage and management of digital assets in a highly scalable way across deposit addresses for users, user omnibus wallet, and corporate omnibus wallet.
- Regulatory Compliance: Bastion’s coverage ensures all transactions comply with legal requirements across sanctions screening, AML, BSA for the exchange to serve its own customers.
Conclusion
Partnerships between Bastion and prime brokers combine trade execution, liquidity provision, custodial wallet infrastructure, and regulatory compliance, benefiting crypto exchanges and crypto payments companies. This collaboration allows clients to offer a comprehensive and secure experience to their end-users, driving growth and innovation in digital finance. For more information on how Bastion can help your business, contact us.
