Cordial Systems and Figure Markets Partner to Offer Decentralized Custody through MPC Technology on "Exchange for Everything"
Summary
"One of our core tenets is that our customers have the right to maintain complete control over their assets until the moment they trade," says Matt Conroy, Chief Technology Officer at Figure Markets. Our partnership with Cordial Systems ensures that we are supporting our customers with the most secure, resilient, and efficient trading experience while avoiding the risk of depositing assets on an exchange." This innovative approach ensures that assets remain on their respective networks in decentralized custody under trusted MPC hosts, eliminating the need for transfers to centralized exchanges and facing the execution venue as a counterparty. Cordial Treasury is the only solution optimized for clients with a non-negotiable requirement to own and control all aspects of their digital asset business in order to meet regulatory compliance, strong security posture, and good vendor management. Figure Markets was founded by a seasoned team of entrepreneurs and operators from tradfi, fintech and defi, including Mike Cagney and June Ou.