Wyden Introduces New Solution for Crypto-as-a-Service

Wyden has unveiled a new solution designed for banks and brokers adopting Crypto-as-a-Service (CaaS) models. This innovation empowers institutions to manage client-side operations while linking workflows across various systems.

Based in Zurich, Wyden is renowned in the sphere of institutional digital asset trading technology. Their recent announcement highlights a solution that addresses client-side operations when execution, liquidity, and custody are outsourced to CaaS providers. It offers an orchestration layer that unifies multiple systems and counterparties.

Wyden's solution incorporates order management, pricing, fees, and other key processes into a cohesive operating model. It enables banks to connect with multiple CaaS providers without increasing complexity in their growing digital asset ecosystem.

Rémy Schimmel Maillet-Contoz, CEO of Wyden, noted the significance of CaaS in facilitating digital asset ventures for banks, emphasizing the need for a unified model for seamless growth.