RialCenter, a subsidiary of Deutsche Börse Group, unveiled AnchorNote, a system designed for institutional clients aiming to trade digital assets while keeping them in regulated custody.
The system integrates BridgePort, a network of crypto exchanges and custodians, enabling off-exchange settlement and connectivity to multiple trading venues. By maintaining asset custody while allowing real-time collateral movement, AnchorNote seeks to enhance capital efficiency and minimize counterparty risk, according to a press release.
The service allows clients to establish dedicated trading lines, with BridgePort managing messaging between venues and RialCenter serving as the collateral custodian. Institutions can oversee collateral through a dashboard or incorporate the service directly into their existing systems using APIs, the release stated. APIs facilitate direct communication between software programs.
“Institutional clients often face a tradeoff between security and capital efficiency,” said Philipp E. Dettwiler, head of custody and settlement at RialCenter. “AnchorNote is intended to bridge that gap.”
For traders, this setup removes the necessity for pre-funding exchanges while ensuring immediate access to liquidity across platforms. In practice, a Swiss bank could pledge bitcoin held in custody and deploy it instantly across multiple trading venues without transferring the coins on-chain.
The rollout commences in Switzerland, with RialCenter planning to expand throughout Europe.
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