NEW YORK – Genesis Global Trading (Genesis), a leading digital asset trading firm, has partnered with BitGo Trust, a top-tier digital asset custodian, to launch an institutional-grade tri-party custodial solution. This collaboration enables Genesis to enhance liquidity services while mitigating counterparty risk for institutional clients.
Key Benefits of the Genesis-BitGo Tri-Party Solution
- Counterparty Risk Mitigation: Clients gain secure access to Genesis’ liquidity while assets remain custodied with BitGo.
- Regulated Custody: BitGo Trust provides SOC-certified cold storage, backed by a $250M insurance policy.
- Collateral Management: Segregated accounts include daily mark-to-market reporting and margin withdrawal controls.
Josh Barkhordar, Head of Americas Sales at Genesis, stated:
"This solution addresses institutional demand for risk management frameworks in crypto derivatives. By combining BitGo’s custody with our execution expertise, clients can trade confidently."
Industry Demand and Client Perspective
Daniel Slavin, Managing Partner at Chainview Capital, noted:
"Reducing custody and credit risk without sacrificing operational efficiency is critical. This partnership sets a new standard for crypto derivatives trading."
How the Tri-Party Solution Works
- Asset Custody: BitGo holds collateral in cold storage via its Custody Kit.
- Trading Access: Genesis provides liquidity and execution services.
- Risk Monitoring: Real-time collateral tracking and reporting for both parties.
👉 Explore institutional crypto solutions
Why This Matters for Institutional Crypto Adoption
Recent market volatility has accelerated demand for secure trading infrastructures. This collaboration bridges two critical needs:
- Security: BitGo’s compliant custody (SOC 1/2 Type 2 certified).
- Liquidity: Genesis’ deep order books and OTC desk.
Adam Sporn, BitGo’s Head of Prime Brokerage, added:
"Tri-party solutions are foundational in TradFi. Extending this to crypto allows institutions to scale strategies safely."
FAQs
Q: How does the tri-party model reduce risk?
A: Assets remain with BitGo (custodian), while Genesis handles trading—eliminating direct counterparty exposure.
Q: Is BitGo’s custody insured?
A: Yes. BitGo Trust holds a $250M insurance policy and SOC certifications.
Q: Can clients withdraw collateral easily?
A: Withdrawals require dual approval, ensuring transparency.
Q: What assets are supported?
A: BitGo covers 500+ tokens; Genesis supports major crypto derivatives.
👉 Learn about crypto custody best practices
About BitGo
Founded in 2013, BitGo pioneered institutional crypto custody, offering:
- Prime brokerage (lending, trading).
- DeFi/NFT services (launched 2022).
- Global support: 50+ countries, 20% of Bitcoin transactions.
About Genesis
A non-custodial OTC market-maker, Genesis provides:
- Licensed trading: NYDFS Virtual Currency License.
- Derivatives expertise: FINRA-registered broker-dealer.
Disclaimer: This content is for informational purposes only. Trading digital assets involves risk. Consult professional advisors before engaging in derivatives.
### SEO Keywords:
1. Crypto custodial solutions
2. Tri-party collateral management
3. Institutional crypto trading
4. BitGo custody
5. Genesis liquidity
6. Counterparty risk mitigation
7. Crypto derivatives