Messari aims to provide the crypto ecosystem with the most reliable data and research services.
Clients can automatically combine FX and digital asset legs to derive a cross rate with a tighter spread.
The company is valued at $18bn as revenues have increased over tenfold this year.
Increase in institutional demand highlights growing legitimation of bitcoin.
Blockchain-based assets require an upgrade in post-trade settlement and clearing infrastructure.
The firm is working in collaboration with Fidelity Digital Assets, Zodia Custody and Flow Traders.
Firms are bridging the gap between traditional finance and the crypto ecosystem.
Some cryptoassets would be subject to a new conservative prudential treatment.
There are risks to the banking system in the absence of a specified prudential treatment.