DeFinity Markets has secured approval from the Jersey Financial Services Commission (JFSC) to launch an investment-grade digital assets matching and settlement platform. This initiative leverages Jersey’s Virtual Asset Service Provider (VASP) framework to offer bank-backed credit intermediation to investment-grade clients.
“We are excited to expand our operations into the PB-backed institutional digital asset market,” said Manu Choudhary, co-founder of DeFinity Markets. “Jersey’s robust VASP framework and commitment to financial innovation make it the ideal location for our platform.” Michael Siwek, co-founder and CRO, added: “We are beyond thrilled to utilise the Jersey VASP framework to help banks, funds and asset managers, as well as trust companies to buy, hold and sell digital assets and fiat, efficiently, eliminating the burden of over-collateralisation, ultimately easing counterparty risk and establishing a new and improved trading infrastructure for FIs globally wishing to trade digital assets in their own name or on behalf of clients.”
