Kinesis Announces Kinesis Currencies Liquidity Partnership with Finemetal Asia

Kinesis Announces Kinesis Currencies Liquidity Partnership with Finemetal Asia
11.07.2018 01:04 pm

Kinesis Announces Kinesis Currencies Liquidity Partnership with Finemetal Asia

Cryptocurrencies

Kinesis, the creator of bullion-based currencies traded on the blockchain, has announced a liquidity partnership with Finemetal Asia, a specialist distributor of physical precious metals. 

Finemetal Asia will be providing liquidity for the soon to be launched Kinesis currencies, which are based on allocated physical gold (KAU) and silver (KAG) and traded on the Kinesis Blockchain Exchange (KBE).

Finemetal Asia, in cooperation with Argor Heraeus, is based in Hong Kong and covers multiple Asian physical bullion trading locations. Among its customers are some of the largest jewellery chains and gold dealers in the world.

The strategic partnership will boost the liquidity available for users of the Kinesis currencies and enhance relevant real-time price assurance.

Ryan Case, Head of Sales & Trading at Kinesis, comments: ‘It is great to see this support coming from the physical bullion industry. We’re setting out to deliver an evolution of the precious metal market and implement a practical and efficient method for physical bullion to be used as a medium of exchange. As we do so, support from key liquidity partners such as Finemetal Asia greatly increases our standing.’

Pádraig J Seif, CEO of Finemetal Asia Ltd, adds: ‘We are excited by the opportunity that Kinesis presents and are ready to participate as gold and silver trading evolve into the digital era. As one of the initial members of the Allocated Bullion Exchange (ABX), we have seen its potential to increase our presence and two-way liquidity across multiple trading hubs. Similarly, we see great potential to add to our physical bullion liquidity by providing liquidity for the gold- and silver-based digital Kinesis currencies.’

Kinesis was founded by Allocated Bullion Exchange (ABX). ABX already has extensive infrastructure and fully operational technology for the trade and storage of physical bullion in 7 locations around the world.

Related News

B2C2 LAUNCHES STREAMING OTC PRICING WITH POINT-AND-CLICK EXECUTION

B2C2, one of the largest cryptocurrency liquidity providers and the leader in electronic OTC trading, today announced the launch of streaming pricing with point-and-click... Read more »

CryptoCompare Publishes Monthly Exchange Review for December 2018

CryptoCompare, the global cryptocurrency market data provider, today published its December 2018 Exchange Review, offering institutional and retail investors insights into the... Read more »

BitGo Collaborates with Genesis on Global Trading

BitGo, Inc., the market leader in institutional cryptocurrency financial services, today announced that it has partnered with Genesis Global Trading, an industry pioneer and... Read more »

Ripple XRP joins Gibraltar Blockchain Exchange

The Gibraltar Blockchain Exchange (GBX), an institutional-grade, regulated and insured token sale platform and digital asset exchange, has today added Ripple (XRP) to its... Read more »

Market Synergy Goes Live with Institutional Calibre Cryptocurrency Connectivity to Bitfinex

Brokers and hedge funds wanting to offer digital assets to their client base can now partner with Market Synergy for institutional... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App