Avaloq: Ecosystem for Crypto-Future
Avaloq, the Swiss banking software provider, has signaled its intent to develop a digital asset management eco-system and signed off on a cooperation with a fintech.
Avaloq and Algotrader have agreed to a strategic partnership to build a global digital asset management ecosystem, the two companies said in a joint statement on Monday.
The system intends to take advantage of the way that customers today are using banking and wealth management services. The demands on banks and other financial service firms have changed fundamentally and with them the way that these firms will perform their business in future.
Service on Avaloq One
Together, AlgoTrader and Avaloq are creatinga global digital asset management ecosystem to enable banks and other financial intermediaries to be prepared for the coming paradigm shiftfor crypto custody and trading.
The trading and execution infrastructure developed by Algotrader will be moved onto Avaloq’s fintech marketplace «Avaloq One». The move will enable 158 customers to access the services of Algotrader.
