German company signs contract for trading and brokerage just prior to the public sale of their Security Token Offering (STO)
MUNICH, Germany, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Rise Wealth Technologies GmbH has completed the onboarding process with Wall Street’s biggest player in the cryptocurrency space, Galaxy Digital. The partnership includes access to Galaxy Digital’s OTC trading capabilities and enables Rise to more quickly scale its automated trading operations, overcoming potential liquidity constraints for larger block trades.
Rise evolved over the last 6 years from a technology provider for asset managers to a crypto-focused asset manager which offers dividends from trading profits to investors holding Rise’s RSE tokens. A new type of financial instrument developed by Rise called a Crypto Traded Fund allows token holders to participate in a mix of traditional and crypto asset classes. The partnership announcement comes days before Rise’s Security Token Offering (STO) which is scheduled to begin later in November.
Cryptocurrency markets lack the liquidity of traditional markets which can hamper the effectiveness of certain trading strategies. Rise’s partnership with Galaxy Digital will enable Rise to optimize trading execution. The deal also includes a framework for cooperation on a custody solution for Rise’s assets under management.
Rise CEO, Stefan Tittel, sees the deal with Galaxy Digital as an important part of Rise’s goal to democratize access to financial markets. “Rise has the potential to give retail investors access to trading technology that has traditionally been reserved for Wall Street’s elite.” According to Tittel, “The partnership with Galaxy Digital is another step towards leveling the competition in financial markets for Rise token holders.”
Access to Galaxy Digital’s OTC trading desk will improve scalability of Rise’s trading systems as an additional source of liquidity.
About RISE
RISE is a science-driven software technology company and innovator of machine learning and algorithmic trading systems. RISE’s AI-powered trading technology places the power of Wall Street’s best financial and quantitative analysts into the hands of everyday investors.
RISE’s time-tested trading technology is the power behind QUANTUMROCK, an exclusive German asset management firm with more than $50,000,000 committed capital — outperforming the market since 2014. Rise was awarded as “Best European FinTech Asset Manager of 2016" and rated “The most innovative Professional Investment Product - Germany 2016.”
RISE’s vision is to bring advanced algorithmic trading to cryptocurrency markets and make this highly profitable trading accessible to crypto investors via the RISE token (RSE). RISE investors receive regular payouts generated by Rise trading algorithms, licensing fees from banks and 3rd-party funds. RISE is based in Munich, Germany. More information on the company is available at www.rise.eco.
About Galaxy Digital
Galaxy Digital is a diversified, multi-service merchant bank dedicated to the digital assets and blockchain technology industry. Galaxy Digital’s multi-disciplinary team has extensive experience spanning investing, portfolio management, capital markets, operations, asset management, and blockchain technology. Galaxy Digital currently operates four distinct business lines, which include: Trading, Asset Management, Principal Investments and Advisory Services. Galaxy Digital’s CEO and Founder is Michael Novogratz. The Company is headquartered in New York City, with offices in Vancouver, Tokyo, Hong Kong, the Cayman Islands (registered office) and New Jersey. Additional information about the Company is available on www.galaxydigital.io.
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