SFOX Receives Approval to Become a Wyoming Trust
SFOX, a digital asset prime dealer, has received approval from Wyoming to operate as the first cryptocurrency firm with a trust charter. This allows SFOX to offer a comprehensive range of investment, trade execution, and custodian services to institutional and private clients, enhancing its market position as a reliable financial service provider. The charter will enable unique services like staking and better accessibility for smaller firms. SFOX also recently achieved a milestone by clearing the first-ever crypto NDF contract.
- Approval of Wyoming trust charter will enhance credibility and allow SFOX to offer a full range of investment and custodian services.
- Introduction of unique services such as staking may attract traditional financial institutions to use digital assets.
- Recent achievement of clearing the first crypto NDF contract positions SFOX as a leader in trading derivatives.
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Prime Broker’s Trust
The
“The new charter will enable us to provide secure, reliable and efficient investment, trading, and custodian services for a wide range of digital assets, meeting the needs of investors, particularly small-to-mid-sized firms, which until now have had limited access to these investments,” said
SAFE’s charter will permit SFOX to offer a full range of investment services including its digital asset platform for investors seeking to invest in Bitcoin, Ethereum, Solana, Avalanche, and many other cryptocurrencies. Clients will have the ability to store digital assets, built using SAFE’s patented custody model and trade execution.
Wyoming’s enhanced digital asset custody framework provides a legal framework for financial institutions to offer services that are unique to the blockchain space such as staking. This will enable traditional institutions to use digital assets in their daily operations within a regulated framework. SAFE intends to seek authorization by the
Recently, SFOX introduced the trading of derivatives by clearing the first-ever crypto NDF contract on a multi-dealer platform. This milestone established SFOX as the first platform to intermediate between a buyer and a seller in the crypto NDF market as well as the first multi-dealer platform to execute an NDF trade.
Interested parties and potential customers can contact SFOX at ir@sfox.com.
About SFOX
SFOX is a full-service prime dealer uniting liquidity from over 30 exchanges and OTC desks in one easy-to-manage platform. Its smart order router algorithmically routes traders to the most competitive prices worldwide, reducing slippage and improving trade performance across immense scale. SFOX’s platform provides traders with best execution services from a single account, a single counterparty, and a single workflow — giving trades greater capital efficiency.
SFOX is committed to the highest standards of investor protection and reliability. The platform is SOC 2 certified and open 24/7 with
View source version on businesswire.com: https://www.businesswire.com/news/home/20220301006159/en/
SutherlandGold for SFOX
sfox@sutherlandgold.com
Source: SFOX
FAQ
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