Telecom Firm BT’s Radianz Cloud Welcomes Crypto Custodian Gemini Trust LLC
The Radianz Cloud is based in Britain, and they described themselves in a recent press release as “one of the world’s largest, secure networked financial cloud communities.”
The community is made up of various exchanges, institutions, brokers, and clearing/settlement houses. In an effort to bring the crypto industry to their users, they’ve decided to form a partnership with Gemini Trust LLC.
Gemini, as it is more commonly called, is the cryptocurrency exchange established by the Winklevoss twins, who were recently rejected for their Bitcoin ETF proposal. Founded in 2014, users can “cross connect directly to its trading infrastructure,” as the press release says. Considering their placement in the crypto industry, their partnership with Radianz will bring forth new options to the community’s investments.
They will also be able to broaden their global market through exposure via Radianz. Nick Vigier, the chief information officer for Gemini, spoke on the recent collaboration, stating,
“No other cryptocurrency exchange in the world offers our calibre of top performance and breadth of connectivity options. Adding Radianz Cloud connectivity to our current low latency offerings in the NY5 data centre allows our existing institutional customer base to access our FIX interface whether they are directly connected or in AWS. This strengthens our institutional investor connectivity and helps us better scale our offerings in this space.”
In the press release, managing director Michael Woodman of BT Radianz added his stance on the development, adding,
“Global financial institutions have very specific requirements about the performance, resilience and security of the infrastructure over which they trade. They expect stringent service levels and will only do business under trusted commercial frameworks that help them to meet their own contractual and compliance requirements. This can make it difficult for small or new service providers to grow. By joining the Radianz Cloud, Gemini achieves the reach and scale demanded by global institutions and benefits from an established framework for doing business with them.”
BT is considered to be the largest provider of internet and telecoms services, and they have continually expressed their interest in blockchain technology for the last two years. In October 2017, the company had already secured a patent for a cybersecurity system that they developed for the protection of the blockchain.
Presently, according the British Telecommunications (BT) website, this platform has reached 50 countries and registered 2.97 billion pounds (nearly $4 billion) in normalized free cash flow last year.