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FX and digital asset technology provider Integral has announced the launch of PrimeOne, a crypto prime brokerage built on stablecoin infrastructure. The company says it is the first such service available to institutional clients.
PrimeOne is built on the Codex Layer-1 EVM blockchain and is designed to provide institutional-grade credit, trading and net settlement in a single integrated platform.
According to Integral, PrimeOne enables clients to trade with crypto market makers and exchanges through a single account, removing the need to maintain multiple relationships across venues. The service is already live with clients including market maker Virtu Financial and advisory firm Europa Partners.
PrimeOne incorporates a single AML/KYC check during onboarding and does not require credit arrangements. The on-chain model allows clients to retain control of their assets at all times, with USD stablecoin-based margin automatically moving between counterparties’ wallets in real time as positions change. Trading limits are set dynamically based on margin balances held by PrimeOne participants.
Integral says the platform reduces counterparty credit risk while also lowering capital requirements and improving operational efficiency. The company positions PrimeOne as an institutional-grade ecosystem that combines elements of decentralised finance with traditional trading infrastructure.
Harpal Sandhu, CEO, Integral
“As institutional adoption of crypto accelerates, the lack of accessible credit remains the last major hurdle to widespread participation. As the technology provider powering more than $1 trillion of FX trading monthly, Integral is now bringing our best-in-class infrastructure to DeFi. PrimeOne reduces risk, cost, and complexity while unlocking liquidity, profitability, and confidence in crypto trading.”
— Harpal Sandhu, CEO of Integral
Scotte Moegling,
Head of Business Development for Digital Assets,
Virtu Financial
“We are strong proponents of the emergence of the blockchain technology, and PrimeOne exemplifies the powerful democratizing capabilities that it delivers. PrimeOne will enable investors access to greater competitive pricing with less risk, unlocking significant growth potential for crypto trading on the platform.”
— Scotte Moegling, Virtu Financial
Peter Wisniewski, Managing Partner, Europa Partners
“PrimeOne is a gateway to the future of credit in cryptocurrency markets. The ease of setup, speed of onboarding, and access to liquidity will allow us to trade more profitably, more efficiently and at lower costs. This will help us deliver higher returns and capitalize on unprecedented opportunities in cryptocurrency markets.”
— Peter Wisniewski, Managing Partner, Europa Partners
Further information about PrimeOne can be viewed on their websiite primeone.net.
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