Bequant is combining New York-based Solidus Labs’ surveillance tools to its digital asset services business.
Solidus Labs serves certain crypto exchanges, including New York-based BlockQuake and Hong Kong-based AAX. Bequant will be one of its first prime broker patrons. The London-based Bequant has been rapidly adding features to its service as other firms enter the market to capture new institutional investors buying digital assets.
Bequant is consolidating both transaction surveillance and market surveillance for the exchange and prime brokerage sides of its business. The partnership will aid Bequant pursue its license in Malta, said COO Sergiu Frasineanu.
“This type of risk monitoring is critical for any quarrel trying to be regulated,” Frasineanu said.
Bequant also contributed to the development of a code of conduct for market integrity led by Solidus Labs and International Digital Finance, a digital currency advocacy group.