Rails launches institutional-grade vaults on the Stellar (XLM) network

Source
JH Kim

Summary

  • Rails said it built institutional-grade vaults on the Stellar (XLM) network, enabling connection to digital-asset perpetual futures products via a single backend.
  • Through the vaults, institutional clients can offer perpetual futures trading services along with integrated risk management and settlement functions without building separate infrastructure, the company said.
  • Rails said it chose Stellar for its fast payments and low fees, and plans to add digital-asset options trading products in the second quarter of this year to expand its institutional derivatives lineup.

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Rails, a provider of digital asset (cryptocurrency) derivatives for institutional clients, has launched an institutional-grade vault service on the Stellar network.

According to digital-asset news outlet Cointelegraph on the 3rd (local time), Rails built “Institutional-Grade Vaults” on the Stellar (XLM) network, enabling brokerages, fintech companies and other intermediaries to connect to digital-asset perpetual futures products through a single backend.

The vaults are designed to allow institutional clients to offer perpetual futures trading services without having to build derivatives infrastructure themselves. Rails said it will provide integrated support for trade execution, risk management and settlement.

Rails cited fast payment processing and a low-fee structure as reasons for choosing the Stellar network. The company said the infrastructure is well suited to scaling institutional digital-asset derivatives services.

Rails also said it plans to additionally introduce digital-asset options trading products in the second quarter of this year, with the aim of expanding its derivatives lineup for institutional clients.

Photo = Shutterstock
Photo = Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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