Cinnober, a global provider of exchange and clearing technology solutions, today announces that Vaultex Exchange will use Cinnober’s TRADExpress Trading System and TRADExpress RealTime Clearing for its new security token exchange.
Based in Singapore, Vaultex is preparing to launch a fully licensed and regulatory compliant security token and tokenized asset exchange in Asia serving institutional investors, hedge funds and other eligible market participants. The new exchange will leverage Cinnober’s established trading and clearing systems, which will provide the resilient and reliable technological backbone needed to operate an advanced marketplace.
“Cinnober was a clear choice for Vaultex, in our quest to build a highly scalable, efficient and modern electronic exchange, they stood out from other solution providers,” said Jeffrey Premer, CEO of Vaultex. “Their experienced team and world-class technologies proven by traditional exchanges will allow us to serve our clients competitively, effectively and with instantaneous clearing long into the future.”
“Cinnober’s extensive experience in delivering technology solutions to exchanges and clearinghouses will enable Vaultex to rapidly deploy the proven technical infrastructure, functions and services needed to set up their new, regulated marketplace for institutional investors,” said Peter K. Lenardos, CEO of the Cinnober Group.
Cinnober provides trading and clearing technology to marketplaces and clearinghouses globally. Cinnober’s customers include leading exchanges such as the Asia Pacific Exchange (APEX), Australian Securities Exchange (ASX), B3, Bitstamp, Dubai Gold & Commodities Exchange (DGCX), Euronext, Japan Exchange Group (JPX), London Metal Exchange (LME), Johannesburg Stock Exchange (JSE), and Stock Exchange of Thailand (SET).
Cinnober provides solutions and services to trading venues and clearing houses. Cinnober’s solutions are largely based on the TRADExpress™ Platform, incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance.
Cinnober’s customers include Asia Pacific Exchange, Australian Securities Exchange, B3, Dubai Gold & Commodities Exchange, Euronext, Japan Exchange Group, Johannesburg Stock Exchange, London Metal Exchange, LME Clear, NYSE and Stock Exchange of Thailand.
Cinnober is part of the Cinnober Group which also includes the subsidiaries Simplitium and Minium. For additional information, please visit https://group.cinnober.com.
Cinnober’s shares are traded on the Nasdaq First North exchange and the company’s Certified Advisor is FNCA. To help the market to assess the value of the deals won by Cinnober, the following definitions have been established. A major deal is one for which the order value over a period of five years is estimated to exceed SEK 100 million. A smaller deal is one for which the order value over a period of five years is estimated to be less than SEK 30 million. A medium-sized deal is one for which the order value over a period of five years is estimated to be in between that of a smaller deal and a major one. The signed agreement mentioned above is a small deal that is intended to evolve into two medium-sized deals from this perspective.
Based in Singapore, Vaultex Pte. Ltd. (Vaultex) is preparing to launch a fully licensed and compliant security token and tokenized asset exchange in Asia serving institutional investors, hedge funds and other eligible market participants. Vaultex will initially offer the tokenization and trading of assets, including precious metals, real estate, and equity-backed security tokens. By listing asset-backed security tokens, Vaultex will allow its participants to access new and innovative financial instruments backed by traditional physical and financial assets while providing companies and asset owners with greater liquidity.