The collapse of crypto exchange FTX in November 2022 highlighted the dangers of investment platforms illegally co-mingling funds, whereby customers' deposits were misused for other trades or investments. In response to such events, Algoz launched its Quant Pro investment vehicle, where asset managers trade the collateral value of investor holdings without taking control of the assets themselves.
Algoz partnered with Zodia Custody to enhance the protection of customers' funds from counterparty insolvency, focusing on security, efficiency, and compliance. Algoz will utilize Zodia's Interchange service for off-venue settlement, aiming to manage risks related to liquidity and insolvency.
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