The move will see the WSBA and Brave New Coin (BNC) work together to provide quarterly market updates and proprietary market data solutions for members. Both organizations see 2019 as a formative year for the industry, with more clarity around global regulation, the roll out of Security Tokens, the entry of large institutions, and the beta launch of many blockchain projects funded by the ICO boom of 2017 and 2018.
Available market data will include BNC’s suite of near real-time aggregated market data and index solutions accessible via dedicated web sockets or REST APIs. The market updates will be in the form of reports and presentations about market performance and will underscore where the market opportunities and risks lie.
Founded in 2015, the WSBA actively seeks to create value for its members, by promoting comprehensive adoption of blockchain technology and crypto assets across global financial markets - engaging with market participants, regulators, and policymakers to guide the public dialogue about blockchain, distributed ledger and smart contract technology, so that the financial markets can realize the full potential of the technology.
As blockchain innovations like Enterprise Blockchain solutions and Security Tokens proliferate across the businesses of WSBA members, the requirement for greater education, applicable use cases and blockchain ecosystem awareness continues to increase. “We welcome BNC to the WSBA community,” says WSBA Chairman and CEO Ron Quaranta. “The WSBA and BNC have had a long running respect for each other and it is exciting to be able to work together to the benefit of our mutual customers.”
Quaranta observes that the WSBA was formed to underpin the mutual benefits and opportunities that blockchain offers to its members and that by working together through the WSBA, affiliation members are collaboratively solving market challenges for mutual advantage.
“Partnering with BNC will create an opportunity for our members to understand the market more deeply,” he says, “as well as give us access to data products that are of a standard our members demand. We are excited to see where this new path takes us.”
As the market has matured Quaranta says WSBA members are learning what works, what does not and what are valid use cases of blockchain technology. “One thing that is certain,” he says, “is that the institutional community is investing heavily in this market and they are bringing with them an expectation for higher standards across the industry.”
Brave New Coin CEO Fran Strajnar says sector affiliations such as the WSBA are critical to the ongoing adoption and growth of crypto assets across the Wall Street and global financial community. “At BNC we see these communities as a mechanism for creating a new standard of operations for this 4th superclass of assets. Together we will share information, education and awareness initiatives to create member benefits that will give an advantage in the market.”
As a provider of institutional grade market data products since 2014, Strajnar says BNC is keenly focused on quality customer outcomes. “Our customers need platforms that are available, have low latency and are compliant and accurate – especially given they are utilized by some of the world's leading financial institutions.”