SigOne Capital has announced that it is now offering institutional investors and High Net Worth (HNW) individuals, over-the-counter (OTC) services through voice, API, and web portal and a lending desk for borrowing or lending Crypto.
SigOne’s OTC service offers crypto to crypto and crypto to fiat pairs for a large number of cryptocurrencies and fiat currencies.
Earlier, SigOne had announced the partnership with DV Chain for using its trading and back-office infrastructure.
The founders of SigOne Capital had earlier stated that,
Goal is to bridge the traditional financial markets with the Crypto ecosystem. They also note that since 2013, Bitcoin has outperformed US stocks, US real estate, US bonds, gold, and oil.
OTC services for crypto have traditionally been used by customers to exchange small amounts of fiat to crypto, but SigOne believes that institutional investors are warming up to digital currency. OTC service is helpful to investors who can hold on to their fiat currencies and monitor the exchange rates daily to get the best possible value for their holdings. With the entry of institutional investors, it will be possible to convert large amounts of fiat currency to digital currency in countries with weak currencies. It allows users to shield themselves from a weak fiat currency. For countries that are unfavorable for cryptocurrencies, institutional investors can convert their fiat currency to crypto using OTC services and can transfer it to cryptocurrency-friendly locations and indulge in crypto trading. They may even re-convert the crypto into fiat and use it in financial markets.
SigOne Capitals founders were earlier involved in the launch of TMX groups cryptocurrency trading desk, “Shorcan DCN.”