Modulus Taps Securitize to Enable Compliant Trades of Digital Securities
Modulus, a US-based developer of ultra-high-performance trading exchange and surveillance technology that powers global equities, derivatives, and cryptocurrency exchanges, today announced Securitize, a digital security (aka security token) issuance platform and protocol, to power compliant trades across global marketplaces, as a technology partner in its high-frequency exchange solution.
SCOTTSDALE, Ariz., Feb. 1, 2019 /PRNewswire-PRWeb/ -- Modulus, a US-based developer of ultra-high-performance trading exchange and surveillance technology that powers global equities, derivatives, and cryptocurrency exchanges, today announced Securitize, a digital security (aka security token) issuance platform and protocol, to power compliant trades across global marketplaces, as a technology partner in its high-frequency exchange solution.
"As the world's leading security token blockchain protocol provider, Securitize has developed exciting new technology in the realm of compliance, and we're thrilled to have secured a deal which allows Modulus to offer that technology to its clients within its own exchange solution --- a solution capable of processing over ten million transactions per second," said Richard Gardner, CEO of Modulus.
Securitize's DS Protocol ensures that digital securities using its platform can be traded compliantly across all marketplaces and exchanges. It has the highest adoption rate in the market and currently powers tokens such as Blockchain Capital, 22x, SPiCE VC,Augmate, Aspencoin, Lottery.com and Science Blockchain, with more in the pipeline for this year.
As part of the agreement, Securitize will provide its full stack technology and services platform, which allows users to issue and manage digital securities from one convenient dashboard, for use in the Modulus Exchange Solution.
"We are happy to partner with Modulus, the leading crypto exchange software in the market. By implementing our DS Protocol, their exchange solution will be Securitize ready, allowing Modulus' customers to make compliant trades of digital securities across multiple exchanges and marketplaces," said Carlos Domingo, CEO of Securitize.
"To say this is a quantum leap forward would not be an overstatement," noted Gardner. "Security tokens are trending, and exchanges utilizing the Modulus solution, backed by Securitize technology, will enjoy a strategic differentiator as compared to the market at large. This new partnership only highlights the contrast between us and our competitors. Combined with our unsurpassed suite of exchange, risk, market surveillance, payments, custody, and digital asset liquidity solutions, there's no provider on the planet as committed to regulatory concerns as Modulus."
Modulus is known throughout the financial technology segment as a leader in the development of high-frequency trading systems and exchanges. Over the past twenty years, the company has built a client list which includes Goldman Sachs, Merrill Lynch, JP Morgan Chase, Bank of America, Barclays, NASA, Siemens, Shell, Yahoo!, Microsoft, Cornell University, and University of Chicago.
About Modulus:
Since 1997, Modulus has provided advanced financial technology products and services to professional traders, brokerages, trading firms, and educational, governmental, and non-profit institutions throughout 94 countries. The company's products and services reach millions of users around the world.
About Securitize:
Securitize is a compliance platform and protocol for issuing and managing digital securities on the blockchain, including dividends, distributions, and share buy-backs. Securitize's innovative Digital Securities Protocol (DS Protocol) enables seamless, fully compliant trading across multiple markets simultaneously. Securitize actively partners with exchanges, broker-dealers, custodians of crypto, escrow services, and other financial infrastructure for digital securities.
SOURCE Modulus
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