Modulus, Quantex Partner for a Robust High-Performance Blockchain Financial Service to Institutional Clients
Modulus and Quantex Partner to Introduce Robust and High-Performance Blockchain-Based Financial Services to Institutional Clients
According to a recently released press release, Modulus, an exchange machine developer, has joined hands with Quantex, a digital asset exchange provider, in a bid to introduce robust and high-performance blockchain-based financial services to institutional clients. The two have also announced a news sales office based in London, led by the chief client officer of Quantex, Jack Hamilton.
Speaking about the collaboration, the CEO of Modulus Richard Gardner said that:
“This partnership works because both sides bring different core competencies to the table. Quantex boasts a team which includes Nasdaq and TMX alumni, as well as leaders in high-frequency trading and regulatory compliance. Combine that with our decades of experience in financial technology and our suite of exchange, risk, market surveillance, payments, custody, and digital asset liquidity solutions — that’s a winning recipe.”
On the other hand, the CEO of Quantex, Hamilton, also expressed his excitement about the new partnership, saying that the collaboration is a landmark deal to finally tokenize world assets. In his own words, he said that:
“This is a landmark deal to deploy the world’s fastest and most advanced exchange technology to the tokenized asset ecosystem, and it is the first step towards creating a full stack, new economy financial services tool suite.”
New Sales Campaign for the Modulus Exchange Solution
As per the deal, the two companies will kick off a sales campaign spearheaded by the London office in a bid to market the new Modulus Exchange solution. Modulus claims that the exchange can process a whopping 10 million transactions in every second, with a latency of 40 nanoseconds, making it the fastest in the industry.
Speaking more about what the new exchange and the deal, Gardner added that:
“Our partnership allows us to target institutional and professional users underserved by the retail-oriented solutions out there today. Our solution was designed with future cryptocurrency regulation and compliance in mind. One of the major problems facing cryptocurrencies is the perception that they are used for illicit activities. Our new offering eliminates the possibility of money laundering and market manipulation using machine learning and other technologies.”
It’s also worth mentioning that, besides this deal, Quantex is also planning the official launch of its own digital currency exchange, which will be using Modulus technology suite.