The Israeli startup led by Guy Melamed has built the first-ever cloud-native exchange platform that supports any type of asset, from cryptocurrencies to gold to NFTs. Exberry found a way to rapidly and efficiently launch their exchange & marketplace with a better solution than what their counterparts offered.
With the buzz surrounding WEB 3.0 and the constant tweets referring to NFT launches, new tokens, and tech mogals entering the digital assets space, it is no surprise that we are seeing emerging startups looking to provide solutions and products to larger enterprises and institutions in the capital markets arena.
The past twelve months have been innovative for Exberry with a very strong growth in business and partnerships for the company, and also rapid change within the industry. There is a lot to celebrate and champion when looking back so we thought we’d share some achievements for the industry and for Exberry and share a short outlook for the future.
The Algorand Foundation today welcomes Exberry to the Algorand Ecosystem as our latest grant recipient. Exberry has been awarded a grant to build a primary issuance and secondary trading platform on top of Algorand, with a tight integration to the Exberry matching engine.
The interest in non-fungible tokens, otherwise known as NFTs, shows no sign of slowing down. Labelled by Christie’s auction house as “a unique work in the history of digital art”, an NFT of Beeple’s monumental digital collage ‘EVERYDAYS: THE FIRST 5000 DAYS’ sold for a record $69 million in October 2020. Six months later, an NBA Top Shot NFT featuring a LeBron James dunk sold for nearly $400,000 at auction. The month following, one of the earliest viral videos of the internet, ‘Charlie Bit My Finger’, sold as an NFT for $760,999.
London, 8:00am, Wednesday, 13th October, 2021: Exberry, the exchange technology pioneer, is providing its “Marketplace as a Service” technology at the heart of ProMEX, the digital marketplace for physical commodities. The new technology partnership will enable ProMEX to create new products and markets at speed, and securely offer trading in a wide variety of commodities in new ways.
As investors’ appetite for digital assets grow, regulators around the world are simultaneously increasing their focus on investor protection. This article by Magnus Almqvist, Head of Exchange Development at Exberry, highlights a number of issues that that are on regulators’ radar. Mr. Almqvist also offers a brief checklist of what digital asset marketplaces need to consider in terms of regulatory compliance.
London and Tel Aviv, Wednesday 21 July, 2021: Exberry, the marketplace and exchange technology pioneer, has partnered with Arcadier, the world’s fastest-growing marketplace builder company, to provide technology for the next generation of marketplaces.
Many marketplace clients today are looking for a turnkey solution that is quick and easy to deploy, while still having all of the robust features of an established exchange. The growing trend of alternative marketplaces stem from the fact that businesses and consumers today are looking for a more transparent way to make purchases and smarter buying decisions. They want control and choice, to pay a fair price by placing a bid or reserve on a product or service, and to purchase at that set price. At the same time, producers are looking to get fast and accurate data on demand and market prices from the platform.
In April 2021, Credit Suisse made some US equities trades with the Nomura-owned broker Instinet, using blockchain. While this technology has been used before to verify other kinds of transactions, these trades were considered a “first” because settlement occurred within hours, rather than the two days typically needed with America’s Depository Trust and Clearing Corporation (the industry-owned utility that normally settles stock trades). This particular instance was conducted as a peer-to-peer record of trade or transaction, yet the potential of a digital network for post-trade processing is clear.
Tel Aviv and London, 26 May, 2021: Exberry, the marketplace technology pioneer, today announced that Guy Melamed has joined as CEO to accelerate its growth as it enters new marketplaces around the world. Exberry cloud native technology delivers an exchange matching engine that is easy to integrate, designed as a “Marketplace-as-a-Service” concept, allowing their users to reap the full benefits of an exchange-grade trading solution.