Exberry, the exchange technology provider and Digital Asset, the creators of the open source DAML smart contract language, launched an end-to-end exchange infrastructure for the trading of virtual assets.
The project combines Exberry’s matching engine with Digital Asset’s smart contract language DAML to fuel the registry functions, which include the tokenisation of assets, creation of users, and the settlement of trades in near real time.
The cloud-deployed exchange infrastructure also addresses limitations of current exchange technologies that typically lean heavily on message-based connectivity.
Overall, the flexible modular structure means Exberry’s clients will technically be able to start rolling-out a new exchange location within a number of weeks, rather than months or years, and enables global operations to be run from a single location, according to Magnus Almqvist, head of exchange development at Exberry.
He adds, “We will provide businesses with the flexibility to issue, trade, and settle any type of asset and asset pair, coupled with the added security to audit your exchange’s transactions with complete ledger immutability through the DABL interface,” he says. “This is a one of a kind approach that allows clients to scale with ease from micro markets to large global installations and connect to a growing ecosystem of 3rd party APIs and services.”
Eric Saraniecki, co-founder of Digital Asset, says they are seeing increased demand from traditional investors who are being pushed into new asset classes due to the structural changes in the fixed income and commodities markets.
“You’ve seen massive growth in the venture capital and private equity communities as a good indicator of where the larger investors are choosing to make higher yield investments,” he adds.
He also notes that for the new, smaller investors, “they don’t have any safe investment vehicles anymore. They are being pushed into the riskier marketplaces. As that group comes online, I think there are new models that should grant better access to those private placement markets to the common investor.”
Looking ahead, Almqvist believes that “new exchange structures that are now possible with Digital Asset and Exberry will just explode the creativity in this area and make markets fairer, more transparent and more easily accessible. Why is this important? Well, a skewed or incorrectly priced market creates imbalances and stymies innovation and is bad for the real economy.”