Xago, the South African-based XRP exchange, has partnered with European digital assets prime brokerage and custody service, Bequant, to offer institutional investors access to digital assets.
The partnership will now enable Bequant to offer its institutional-grade services to South Africans, and by extension, across Africa, via the Xago off and on-ramp service.
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Speaking about this partnership, Mark Chirnside, CEO, Xago, said:
“Thanks to our partnership with BEQUANT, Xago will now be able to access liquidity from Europe that institutional investors have been seeking in Africa. The realms of possibilities have opened up to provide a trusted gateway for users to securely trade between Africa and Europe. This is the beginning of an exciting partnership between us and BEQUANT.”
– CEO, Xago
Institutions and institutional investors have been acquiring bitcoin at a faster rate in 2021 than ever before which has now resulted in nearly 3% of all bitcoin circulating supply being locked up by these investors.
The new partnership now means that institutional investors on the African continent can now have access to digital assets via a safe and secure custody service similar to other markets in the West where such investments are growing rapidly.
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About BEQUANT:
Located in London and Malta, BEQUANT is a one stop solution for professional digital-assets investors and institutions. Our breadth of products include prime brokerage, custody technology and fund administration services, enhanced by an institutional trading platform providing low-latency, liquidity and direct market access.The BEQUANT team is composed of experts from institutional, retail and digital financial services with experience in banking, derivatives, electronic trading and prime brokerage.
BEQUANT Digital Assets Trading Platform: www.BEQUANT.io
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RECOMMENDED READING: South African Exchange, Xago, Partners with Nigerian-based Exchange, BitMama, to Deliver Digital ZAR Across Africa
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