Digital asset prime brokerage Sage Capital Management has formed a partnership with EDXM International, a digital asset trading venue.
Through the partnership, Sage Capital will act as prime broker to EDXM International, providing hedge funds, asset managers, family offices, and brokers with access to futures contracts on the venue.
As a result, institutional clients will be able to trade across 44 pairs, including Bitcoin, Ethereum, Solana, and XRP.
Onboarding through Sage Capital will allow clients enhanced capital efficiency through credit intermediation, collateral management, and net settlement processes that reduce capital outlay, the firms say.
Additionally, Sage Capital provides risk management, including access to a non-custodial trading venue supported by a central clearing house and protective mechanisms including bankruptcy-remote client segregated accounts.
Kal Chan, head of institutions at EDXM International, says: “Sage Capital is a rapidly growing digital asset prime broker, recognised for delivering secure, seamless, and compliant access to the digital asset market.
“We are pleased to welcome them as a member of EDXM International and look forward to working together to provide reliable liquidity solutions while further expanding our institutional client base.”
Nathan Sage, CEO of Sage Capital, adds: “Our partnership with EDXM International reinforces our strategy of providing institutional clients with high quality access to digital asset markets.”
The move is backed by a number of firms including Citadel Securities, Fidelity Digital Assets, Charles Schwab, Virtu Financial, as well as Sequoia Capital and Pantera Capital.
EDXM International is a purpose-built exchange offering capital and cost-efficient crypto trading and deep liquidity.
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