Best New Tech
Koine named Best New Tech at the World’s Largest FX Buy-Side Conference
London, 26 February 2019 – Koine, which brings digital assets to institutional capital, has been crowned ‘Best New Tech’ for its real-time settlement and funds allocation service at the Trade Tech FX USA conference in Miami on 15th Feb 2019, the largest buy-side gathering in the FX world.
Koine’s real-time settlement service and funds allocation between trading venues offers the benefits of transparency, reduced risk and capital efficiency. The award was determined by an audience vote during a “shark tank” competition (“dragon’s den” format in the UK) with other industry newcomers.
Koine delivers custody, settlement and funds allocation between venues for both fiat and digital assets. Its solution permits institutional capital to trade digitally whilst conforming to the existing approach for fund mandates, governance and codes of practice.
Phil Mochan, CCO, who represented Koine for the competition, said:
“Winning this award from our peers in the industry is affirmation that Koine has successfully solved the key issues associated with blockchain-based deployments in capital markets, and opened up institutional capital to trade digitally.
“We have created a fundamental piece of market infrastructure that will drive cost-efficiency and risk transformation in the capital markets.”
Over 550 FX industry professionals attended Trade Tech FX USA this year, making it the largest annual event for the industry. Attendees included CTAs, hedge funds, money managers and pension funds.
Koine’s platform will go live in Q2 2019, with clients already signed up. Partnerships with other industry participants will be announced in due course.