OrBit Markets Wins Asia Risk’s Blockchain Solution Award | National Business
OrBit Markets Wins Blockchain Solution of the Year at Asia Risk Awards 2023
September 29, 2023 – OrBit Markets, the leading institutional liquidity provider in digital asset options and structured derivatives, has been awarded the prestigious Asia Risk Awards 2023 for Blockchain Solution of the Year. The Asia Risk Awards recognizes organizations for their exceptional achievements and innovations in derivatives and risk management, with previous winners including JP Morgan, Deutsche Bank, and UBS.
In 2022, the digital assets industry faced significant challenges, highlighting the need for new standards in counterparty risk management. OrBit’s success in utilizing state-of-the-art blockchain technology to develop a collateral management system that effectively mitigates counterparty risk was acknowledged with this award. By combining the traditional derivatives margin framework with blockchain-enabled features such as near-instant settlement and multi-signature wallets, OrBit has been able to offer a decentralized, non-custodial solution, setting itself apart from competitors and driving business growth.
Zhiming Yang, co-founder of OrBit Markets, expressed pride in the company’s commitment to innovation, transparency, and industry-leading standards. He stated that winning the Blockchain Solution of the Year award validates OrBit’s position as a true industry leader, consistently delivering outstanding results that exceed client expectations and create a positive impact in the market.
This recognition follows OrBit being named Google Cloud 2023 Customer of the Year in the Financial Services industry, further highlighting the strength of its proprietary technology and stringent security standards. These accolades, coupled with the exponential growth in demand for OrBit’s solutions, showcase the effectiveness of the company’s strategy in combining financial derivatives expertise with cutting-edge blockchain technology.
OrBit Markets is the foremost institutional liquidity provider of digital asset options and structured derivatives. Founded by a team of former executives in finance and technology, the company’s mission is to develop innovative investment and hedging solutions for digital assets. OrBit Markets offers a wide range of products, including vanilla options, exotic options, and structured derivatives across major and alternative cryptocurrencies. Its services encompass structuring, trading, and market making.
For more information about OrBit Markets, visit orbitmarkets.io.
Source: [Business Wire](https://www.businesswire.com/news/home/20230928245118/en/)
Contact:
Zhiming Yang
info@orbitmarkets.io
Keywords: Asia Pacific, Singapore
Industry Keywords: Technology, Finance, Fintech, Banking, Professional Services, Digital Cash Management/Digital Assets, Blockchain, Software, Cryptocurrency
Source: OrBit Markets
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