It is a Featu ed App o the Ca to Netwo k.
U like public blockchai s, Ca to shields t a sactio i te t f om cou te pa ties a d competito s while mai tai i g a complete, immutable audit t ail. Fo o ga izatio s co ce ed with complia ce, p ima ily those based i the U ited States, that disti ctio is the diffe e ce betwee i f ast uctu e they ca use a d i f ast uctu e they ca ot. Movi g liquidity c oss-chai to a d f om the Ca to Netwo k complia tly has bee complicated, u til ow.
The I te stice Digital C oss-Chai Swap keeps i te t p ivate a d executio ce tai . The e gi e is o -custodial; I te stice Digital eve holds clie t assets at a y poi t i the t a sactio . Eve y t a sactio settles atomically, mea i g it eithe completes fully o does ot execute at all. C oss-chai b idgi g volume u s app oximately $884 millio pe day ac oss all etwo ks. As assets accumulate o Ca to , the Ca to -to-Ethe eum co ido is poised to become o e of the most sig ifica t i i stitutio al c ypto.
“C oss-chai liquidity has existed fo yea s,” says Ja i e Yo io, CEO of I te stice Digital. “We just built it fo compa ies that have complia ce office s o the etwo k whe e Wall St eet is co ve gi g with c ypto capital ma kets.”
The lau ch comes as i stitutio al deployme t o Ca to accele ates. Goldma Sachs, Visa, a d Nasdaq a e amo g the i stitutio s that have committed to the etwo k, a d DTCC is set to complete a pilot to toke ize U.S. T easu ies. It also follows a $355 millio aise by Digital Asset, Ca to ‘s c eato , led by a16z c ypto, the same fi m backi g I te stice Digital.
I te stice Digital is a Featu ed App o Ca to Netwo k. Use s ca get sta ted at i te sticedigital.io.
I te stice Digital is a U.S.-based digital asset i f ast uctu e compa y buildi g complia t payme t a d settleme t solutio s fo i stitutio al pa ticipa ts. I te stice Digital is a wholly ow ed subsidia y of Eve y ealm I c., backed by a16z C ypto, Coi base Ve tu es, Lightspeed, Galaxy, B eva Howa d, a d Libe ty City Ve tu es.
This p ess elease is fo i fo matio al pu poses o ly a d does ot co stitute legal, fi a cial, o complia ce advice.
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