Swiss investment firm Scrypt has announced it is working with BCB Group, Europe’s leading provider of business accounts and trading services for the digital asset economy. Scrypt is also integrated with BLINC, BCB’s global payments network and one of the first real-time payment networks of its kind to allow free, real-time transactions across fiat and digital currencies, enabling participants to settle instantly in any of the currencies supported, with no limits.
Scrypt is paving the way for institutional adoption of digital assets, providing institutional-grade solutions including access to deep liquidity, best-in-class execution, FX, and derivatives within one secure ecosystem. Scrypt trading is a fast, reliable and state of the art platform for 24/7 execution, and caters 800+ pairs in USD, EUR, CHF, GBP, plus advanced order types, all accessible via API. As such, a trustworthy banking partner is a must. The Scrypt team believes that few stand out in the digital asset space as clearly as BCB Group, who have been spearheading crypto-friendly banking infrastructure for years.
With a dedicated focus on institutional payment services, BCB Group provides business accounts, cryptocurrency and foreign exchange market liquidity for some of the world’s largest crypto-engaged financial institutions. BCB Group is the only dual-regulated institution of its kind to offer clients a complete end-to-end suite of payment processing, cryptocurrency trading and custody services accessible through a unified API-enabled platform, allowing clients to access a complete range of digital asset services in one place.
Scrypt Founder and CEO Norman Wooding commented: “With BCB, our clients benefit from fast and reliable settlement on fiat transfers. In addition, their BLINC network is a prime example of innovation in the space, where counterparties benefit from instant and free transfers between each other. For Scrypt, this supercharges our trading ecosystem and helps us and our clients capture otherwise missed opportunities. Unlike traditional banks, when in comes to digital assets, BCB are putting their clients first”
BCB Group’s Founder and CEO, Oliver von Landsberg-Sadie, added: “We are delighted that Scrypt has chosen BCB as its payments partner. Scrypt has already made a name for itself in the market as one of the leading firms providing institutions for solutions to gain exposure to cryptoassets, with a strong blend of regulated infrastructure and innovative solutions, and we are pleased to be associated with an operation of this calibre. We look forward to continuing the relationship.“
BLINC is a global payments network allowing members to pay each other instantly 24/7/365 across multiple currencies, stablecoins, cryptocurrencies, and digital assets.
BLINC is for any client within the BCB ecosystem.
The network aims to transform traditional payments infrastructure by providing a unified architecture capable of handling instant domestic and international fiat transactions, crypto transactions, cross-currency transactions, security tokens, and smart contracts, all provided fee-free within the network.
Building on BCB’s established network of business account customers, BLINC’s roadmap begins with instant borderless settlement in GBP/EUR/CHF/CAD/SGD/JPY, with phased rollouts of additional fiat currencies, cross-currency settlement, crypto settlement, and cross-asset settlement.
About BCB Group
BCB Group is Europe’s leading crypto-dedicated payment services provider, serving some of the industry’s largest clients including Bitstamp, Coinbase, Galaxy, Gemini, Huobi and Kraken. BCB Group provides payment services in 20+ currencies, FX, cryptocurrency liquidity and digital asset custody.
Responding to institutional demand for operational best practice in digital asset markets, BCB Group was created by established thought leaders in finance, regulation and technology. Founded in the UK and developed to encompass key relationships across global financial services communities, BCB Group is well positioned as one of the first multi-jurisdictional regulated cryptocurrency service firms. BCB Group’s executive team have worked for Barclays, Credit Suisse, Deutsche Bank, Investec, Lloyds Commercial Bank, Norton Rose Fulbright, FIS and Sun Life of Canada.