Partnership formed between Prometheum and Syntax to boost on-chain indexing developments
In a groundbreaking move, Prometheum ATS, a regulated trading platform for blockchain-based securities, and Syntax Data, a financial technology provider specializing in data-optimized index solutions, have joined forces. This collaboration aims to merge traditional financial indexing with blockchain-driven market infrastructure, fostering a new generation of digital asset products tailored for institutional investors.
The partnership will provide RIAs and institutions trading via Prometheum ATS with access to Syntax's direct indexing capabilities. Syntax Data will deliver a dedicated index data feed to Prometheum ATS, while Prometheum ATS will provide on-chain market data to Syntax's indexing platform. This integration is intended to enable RIAs and financial institutions using Prometheum ATS to develop and launch personalized, data-driven indices.
By combining robust index creation tools with regulated blockchain infrastructure, Syntax and Prometheum seek to accelerate the adoption of on-chain investment strategies. The collaboration will create a fully compliant, end-to-end solution for financial institutions transitioning towards blockchain-based asset management.
The integration of Syntax Direct's direct indexing capabilities into Prometheum ATS's trading environment will offer tools for RIAs and institutional clients to construct customized financial products tied to on-chain assets. These indexing capabilities are designed to simplify the process of building compliant, customized investment products.
The partnership is expected to make blockchain-native financial products more accessible and adaptable. It will facilitate seamless access to blockchain-native markets, a significant step towards mainstream adoption of decentralized finance.
Executives from Prometheum emphasized the importance of integrating a transparent and consistent data layer in the development of capital markets on blockchain rails. The joint effort will benefit from Prometheum's complete blockchain infrastructure, including issuance, trading, custody, clearing, and settlement processes.
The collaboration between Prometheum ATS and Syntax Data is aimed at supporting the evolving landscape of on-chain securities and investment products. This partnership reflects a broader industry trend of incorporating traditional financial methodologies within decentralized environments.
Notably, Nasdaq and Invesco have entered a strategic partnership to connect traditional financial indexing with blockchain-based market infrastructure, expecting an integration that will facilitate access to personalized, data-driven indices on blockchain-based financial products. This partnership underscores the growing recognition of the potential of blockchain technology in transforming the financial industry.
As both Prometheum ATS and Syntax Data work towards their shared goal, they aim to harness the strengths of both entities to provide innovative solutions in the blockchain-based investment sector. This partnership is a testament to the growing synergy between traditional finance and decentralized technologies, promising a future where the best of both worlds converge to create a more efficient, accessible, and adaptable financial ecosystem.
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