OTC Exchange Network Joins the Chamber of Digital Commerce

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OTC Exchange Network (OTCXN), an institutional trading network and infrastructure provider utilizing Blockchain technologies, is now a member of the world’s leading trade association representing the Blockchain industry, the Chamber of Digital Commerce.

OTCXN’s Blockchain-based peer-to-peer electronic trading network democratizes access to wholesale markets starting with OTC Spot FX.  OTCXN’s proprietary Blockchain fabric is offered on a stand-alone basis for global enterprise businesses, which require absolute certainty of event chronology, strict data privacy and security, and high frequency events recordation with immutability guarantees, while crossing organizational boundaries.

“The tide for Blockchain is unstoppable as it is being used to re-engineer financial markets around the world,” said Rosario M. Ingargiola, founder and chief executive officer of OTCXN.  “Gaining support of regulators and lawmakers will be essential for institutional adoption of Blockchain technologies.  This requires an education process and a collective, yet unified voice – and the Chamber of Digital Commerce is leading these essential industry efforts.”

“We’re pleased to welcome OTC Exchange Network to the Chamber of Digital Commerce’s membership,” said Perianne Boring, founder and president, Chamber of Digital Commerce. “OTCXN has already demonstrated tremendous enthusiasm and leadership in supporting industry collaboration.  We look forward to their participation in our many initiatives and working groups.”

OTC Exchange Network is a founding participant of the Chamber’s Blockchain Intellectual Property Council.

OTC Exchange Network (“OTCXN”) leverages its own proprietary Blockchain technologies to operate a permissioned, peer-to-peer electronic trading network solving the biggest problems facing all market participants; starting with the OTC Spot FX market.  OTCXN’s total end-to-end solution includes a suite of real-time services, such as collateral management, pre-trade credit checks, liquidation risk management, counterparty risk and liquidity management, instantaneous clearing and settlement, and post-trade messaging including netting based on inbound messages for trades done away from the network.

Additionally, OTCXN’s total solution provides a software gateway to financial institutions that facilitates tokenization and reservation of collateral for member’s leveraged trading without OTCXN holding or controlling the collateral.  Participating Prime Brokers are provided with real-time pre-trade credit controls, client kill-switches, real-time trade-matching proofs, auditable post-trade messaging, and permissioned API access to the immutable audit ledgers.  OTCXN supports asymmetric bi-lateral relationships based on counterparty credit rating, Prime Broker credit lines, and/or reserved collateral.  OTCXN’s Blockchain fabric is available as a stand-alone offering for enterprises that require ultimate flexibility, unparalleled performance, and strict data privacy. For more information, visit otcxn.com or follow us on Twitter: @OTCXN.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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