Digital asset investment firm Algoz has announced a strategic partnership with regulated market maker and prominent over-the-counter desk Wincent. The collaboration was detailed in a press release shared with crypto.news on October 30 and follows Algoz’s recent alliance with Standard Chartered-backed Zodia Custody.
The partnership aims to simplify the onboarding process for new investors, particularly family offices looking to enter the crypto market. Unlike many providers in the industry that require conversion of fiat currencies to cryptocurrencies in advance, Algoz’s collaboration with Wincent eliminates this step. Investors can now use U.S. dollars, euros, or other fiat currencies to directly swap for cryptocurrencies such as Tether, Bitcoin, and Ethereum.
This arrangement minimizes risks associated with unregulated providers and enhances the security of asset conversions, as it operates in compliance with existing know-your-customer (KYC) and anti-money laundering (AML) regulations. These regulatory measures are critical for the sustainable growth of the crypto market, and industry stakeholders increasingly emphasize the importance of safe customer onboarding and off-ramps.
The partnership also highlights the role of Wincent’s off-exchange settlement solution, Quant Pro, which is central to the collaboration. For Algoz, this solution, combined with Zodia’s custody wallet and Wincent’s KYC and AML integrations, adds an extra layer of protection for users.
“The creation of Quant Pro, our off-exchange settlement system using Zodia, was a significant breakthrough for investors, allowing us to substantially mitigate exchange and management counterparty risk,” stated Stephen Wundke, director of strategy and revenue at Algoz.
Wincent, a regulated market maker, currently records between $3 billion and $5 billion in daily trading volume, handling over 300,000 transactions per day.
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