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Cinnober, a global provider of exchange and clearing technology solutions, today announces that Vaultex Exchange will use Cinnober’s TRADExpress Trading System and TRADExpress RealTime Clearing for its new security token exchange.
Based in Singapore, Vaultex is preparing to launch a fully licensed and regulatory compliant security token and tokenized asset exchange in Asia serving institutional investors, hedge funds and other eligible market participants. The new exchange will leverage Cinnober’s established trading and clearing systems, which will provide the resilient and reliable technological backbone needed to operate an advanced marketplace.
“Cinnober was a clear choice for Vaultex, in our quest to build a highly scalable, efficient and modern electronic exchange, they stood out from other solution providers,” said Jeffrey Premer, CEO of Vaultex. “Their experienced team and world-class technologies proven by traditional exchanges will allow us to serve our clients competitively, effectively and with instantaneous clearing long into the future.”
“Cinnober’s extensive experience in delivering technology solutions to exchanges and clearinghouses will enable Vaultex to rapidly deploy the proven technical infrastructure, functions and services needed to set up their new, regulated marketplace for institutional investors,” said Peter K. Lenardos, CEO of the Cinnober Group.
Cinnober provides trading and clearing technology to marketplaces and clearinghouses globally. Cinnober’s customers include leading exchanges such as the Asia Pacific Exchange (APEX), Australian Securities Exchange (ASX), B3, Bitstamp, Dubai Gold & Commodities Exchange (DGCX), Euronext, Japan Exchange Group (JPX), London Metal Exchange (LME), Johannesburg Stock Exchange (JSE), and Stock Exchange of Thailand (SET).
