Cinnober wins contract with Singapore's Vaultex Exchange

Cinnober wins contract with Singapore's Vaultex Exchange

Cinnober's bid to become the trade infrastructure provider of choice for emerging digital asset exchanges has been boosted by the agreement of a contract with Singaporean startup Vaultex Exchange.

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 has selected the Swedish trading technology provider to provide the technological backbone for the marketplace, signing up for Cinnober's Tradexpress trading system and back end realtime clearing engine.

Cinnober - which is preparing for a merger with Nasdaq - is a long-established exchange and clearing tech provider, counting several major bourses among its clients.

More recently it has set its sights on emerging cryptocurrency exchanges, forging a deal with crypto processor and security specialist BitGo and signing up newly-minted clients like Sweden's Cyrex and Belgium's Bitstamp.

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