Cryptocurrency exchange Bittrex is working to trade blockchain-based securities thanks to a partnership with Rialto Trading, which operates a regulated alternative trading system, or ATS.
According to a joint press release, Rialto’s ATS is for trading fixed income products. If the regulators approve, Rialto will expand its ATS operations to include blockchain-based securities under the partnership. “Both companies are having detailed conversations with regulators to launch this expanded platform,” they said.
Adds Bittrex CEO Bill Shihara, “We’re merging Bittrex’ technology, cybersecurity and blockchain expertise with Rialto’s deep knowledge of the securities industry.” Now all they need is a regulator to bless the marriage.