TrueEx Teams With ConsenSys to make Ethereum Read More Available To Institutional Players.

New York based fintech company trueEX has declared an upcoming release of a controlled derivatives market for digital assets and a partnership between their newly created affiliate, Authentic Digital Holdings, also Blockchain technology ConsenSys company to create a benchmark speed for the cost of Ethereum. The announcement comes from a news release published today, March 12. TrueEX, that’s the first exchange accepted by the Commodity Futures Trading Commission as a designated contract market for swap, writes that the initial Bitcoin contracts settled in USD will be listed as trueDigital, on the current trueEX swap stage.

The news release notes that trueEX is still awaiting approval from the CFTC for the contracts. According to Sunil Hirani, the creator of TDH, the expanding crypto market has so far been lacking the type of institutional participation that trueEX will offer:

“Institutional investors and commercial partners are ready for a regulated and liquid marketplace to gain exposure to and hedge these increasingly important digital currencies and commodities, but the marketplace is sorely lacking the necessary foundation, infrastructure and platforms that institutional investors have come to expect in other important markets.”

The partnership between TDH and ConsenSys along with the creation of the Ether benchmark speed will proceed alongside the creation of the infrastructure required for the broad adoption of digital assets by the institutional community, according to a press release. Ethereum is the second biggest digital asset by market cap, Bitcoin as the first, according to information on CoinMarketCap. In early December 2017 the CBOE established the first Bitcoin futures contracts, with CME Group launching the second around a week after.

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