Exberry and Digital Asset have launched an end-to-end exchange infrastructure. With the new partnership, any business developing a new digital asset marketplace will be able to launch (in a matter of days, they say) with a fully-compliant, end-to-end exchange platform with (what Exberry and Digital Asset claim) is a near risk-free post trade settlement registry.
Commenting on the announcement, Magnus Almqvist, Head of Exchange Development at Exberry, said: “We are delighted to be working in partnership with Digital Asset. Both DABL and Exberry have been built for modern marketplaces, delivering cloud ready environments optimised with easy plug and play API integration. Together we will provide businesses with the flexibility to issue, trade, and settle any type of asset and asset pair, coupled with the added security to audit your exchange’s transactions with complete ledger immutability through the DABL interface. This is a one of a kind approach that allows clients to scale with ease from micro markets to large global installations and connect to a growing ecosystem of 3rd party APIs and services.”
Demand for trading of new types of financial instruments and assets is increasing. Entrepreneurs are looking to the value that digitised/tokenised assets can add when launching new markets.
This trend is winning traction across a wide range of opportunities, including:
- private placements
- physical commodities
- sports wagering/betting
- art assets
- collectable market models.
The collaboration between Digital Asset and Exberry will enable these businesses to focus on validating and launching their market. They will need to have confidence in a readily scaleable infrastructure technology to support them
The Exberry/Digital Asset partnership
The partnership has two complementary aspects:
- Exberry’s technology, to provide the matching to run the exchange
- Digital Asset’s project:DABL (DAML-as-a-service platform) which will provide the registry functions via DAML code and integrations on the DABL platform.
Registry functions will include:
- the tokenisation of assets
- the creation of users
- the settlement of trades in near real time.
By deploying within a cloud-based exchange infrastructure – what they call ‘end-to-end exchange infrastructure-as-a-service’ the partners believe they address the limitations of current exchange technologies. These typically lean heavily on message-based connectivity which can significantly increase the cost and time to implement.
Eric Saraniecki, co-founder of Digital Asset said: “We are excited to work with Exberry to help build and support new market models and deliver impressive technology quickly. Exberry has emerged as a clear leader providing exchange infrastructures fit for modern markets and businesses. It’s ‘Matching Engine-as-a-Service’ concept is second to none, allowing clients to reap the full benefits of an exchange-grade solution that can be cloud-based or on-premise. With Exberry, clients are technically able to roll-out a new exchange location within a number of days – rather than the usual months or years. Together with Exberry we are delivering the next generation of exchange traded traditional, alternative, and digital assets.”
Enterprise Times: what does this mean
Both DABL and Exberry have built solution for modern (blockchain-like) marketplaces. They seek to deliver cloud-ready environments optimised with easy plug and play API integration. With digital assets representing an emerging asset class, the need for an exchange-grade technology solution should help encourage new generations of trading digital assets which can become readily and reliably tradeable.
For Enterprise Times the significance lies less in the specifics and more in what the Exberry/Digital Asset partnership represents. It is the solidification of a credible trading infrastructure where digital assets can aim to become as other assets.