Interest rate swap trading venue TrueEx is planning a marketplace for digital assets by the end of the second quarter, subject to regulatory review, while also building reference rates for the two largest cryptocurrencies.
The initiative comes under a new "trueDigital" brand that will be part of the trueEX swap execution facility. The offering's bitcoin non-deliverable forward contracts will be aimed squarely at institutional investors.
The company has also revealed that it will launch two benchmark rates referencing bitcoin and ether. The ether