Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Cordial Systems Launches Cordial Treasury Naming Jump Crypto as a Client

Cordial Systems Launches Cordial Treasury Naming Jump Crypto as a Client

Cryptonews2024/05/20 08:22
By:Tanzeel Akhtar
Cordial Systems Launches Cordial Treasury Naming Jump Crypto as a Client image 0

Cordial Systems, a blockchain infrastructure company which builds custody products, has launched Cordial Treasury with several clients including Jump Crypto, the digital-asset unit of Jump Trading.

In an announcement, Cordial Systems said, that Cordial Treasury is a self-hosted product that allows financial institutions to independently manage their digital asset operations in-house.

“Cordial Systems have been a critical partner as we have scaled our digital asset business,” said Alex Davies, the CTO of Jump Trading, in a press release.

“Being able to enforce precisely defined policies from our digital asset control framework via independently controlled software with large numbers both of internal users and external chains has allowed us to safely keep up with fast-moving business requirements and stay at the forefront of the industry,” said Davies.

Jump Uses Cordial Treasury as Proprietary Tech Stack


Cordial Treasury gives its clients a bespoke private blockchain custody a method used to secure crypto assets. Its technology is self-administered by the customer’s team and designed to allow clients to run the service in their own data centre or private cloud.

Jump Trading said it is using Cordial Treasury as part of its “proprietary technology stack.” This technical term refers to software developed and owned by a company or organization which is not available for public use or modification. Having a proprietary tech stack can provide companies with a competitive advantage in maintaining control over their own technology infrastructure.

For many firms operating in the digital assets space being able to demonstrate controls to safeguard customer assets is crucial and a regulatory requirement.

“Cordial Treasury is an important part of our tooling that we rely on daily,” said Armani Ferrante, CEO of Backpack, in a statement.

“As a regulated institution under VARA, it is important that Backpack has demonstrable controls to safeguard our customer assets and evidence our proof of reserves. Cordial Treasury is an important part of our tooling that we rely on daily,” adds Ferrante.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!