Over the past several years we've seen the crypto industry mature from vertically-integrated, monolithic providers into specialized service providers that better meet the needs of institutional investors. As a result, tech stacks are more complicated and fragmented than ever. In 2024 builders that enable interoperability throughout the trading supply chain will win the lion's share of traditional finance inflows by unlocking operational and capital efficiency for their clients. Enclave Markets has been building our fully encrypted exchange (FEX) to empower institutional clients to trade confidentially from the comfort of their qualified custodian, prime broker, or settlement provider of choice. In the coming months, we plan to expand our non-custodial, execution-only services, further expanding interoperability between settlement platforms throughout the Enclave ecosystem. It's great to see research outlining the landscape from Harry Donnelly and Jack Chong, and we're excited to see the industry develop in 2024.?
Excited to share Jack Chong and I have co-authored the first comprehensive institutional onboarding guide to digital assets. Tldr: We have mapped out the first complete landscape of the institutional digital assets 'tech stack' and also outlined the digital asset trade lifecycle from start to finish. Read the guide here: https://lnkd.in/g7wa5Sg2 Why write this guide? In our discussions with institutional investors and fund managers in digital assets, we noticed there was a knowledge gap. In particular, for newcomers who are setting up their fund operations and technologies, it is challenging for COOs, CISOs, CROs and CCOs to navigate countless tech and service providers. In short, our industry lacked an actionable guide that discusses the intricacies of the buy-side tech stack in digital assets. To address this gap, we have created the first comprehensive onboarding guide for institutions in digital assets. This guide is a repository of knowledge and best practices distilled from interviews with over 100 vendors and managers, alongside the analysis of hundreds of pages of articles and research reports. Thank you to our partners for their help in putting this together: Aquanow, Dfns, Euler Labs, Formidium, Haruko , Integral, Narval, Opdefi, Pendle, Provenance, Sonarverse, Talos, and Tokeny. We’d also like to thank many other innovators for sharing your generous time, feedback, and expertise with us.