Exberry Awarded Grant to build a primary issuance and secondary trading platform on top of Algorand

News

November 17th, 2021 – 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 world of exchanges and marketplaces is growing exponentially and changing drastically. Infrastructure for these markets is outdated and can’t provide an appropriate solution to these growing, changing requirements. Exberry delivers a deep-tech trading infrastructure solution that offers turnkey solutions for digital securities and digital assets marketplaces.

Exberry’s cloud-native matching engine offers an asset agnostic, flexible and cost-effective solution. Exberry allows close to zero time to market and flexible cost structures that are not possible in existing leading solutions, lowering the entry point to establish an efficient market and presents a totally new reality for new and traditional players in the industry.

Exberry trading infrastructure provides an array of advantages yet to be seen in the space of digital assets marketplaces. Together with Algorand we can build an off-the-shelf product that allows asset digitization, primary issuance and immediate secondary trading access based on DLT ledger. This will change the way we own things, that kind of solution is really what many organizations need in order to open new markets and to expand the asset digitization trend.

‘Bridging the DLT based ledger and real time trading core is one of the key challenges in today’s world, working closely with Algorand architects to find the right way forward was not only great experience but also one that allows us to break the glass ceiling of the most advanced technologies these days. This partnership will allow exberry clients to launch their digital assets marketplace in a matter of days without writing a single line of code’. – Dudi Krisher, Head of Product, Exberry. 

‘The partnership with Algorand is a natural strategic expansion of Exberry being Blockchain agnostic.  Exberry and Algorand can serve digital securities exchanges and next generation marketplaces with state of the art, tightly integrated central order book and DLT settlement. Exberry clients now enjoy continuous trading with immediate settlement at low transaction cost. Furthermore, it’s always our pleasure to work with true enthusiastic professionals in our ecosystem that will disrupt the industry’. – Guy Melamed, Co-Founder & CEO, Exberry.

‘The Algorand Foundation is proud to be partnering with Exberry to help provide businesses with a ready-to-go, end-to-end infrastructure for the trading of virtual assets. Algorand’s consensus protocol is able to scale to millions of users and sustain a high transaction rate without incurring significant cost to participating users. As such, with Exberry’s focus on financial technology and deep tech, we felt it was a perfect match. They enable businesses to create new products and markets at speed and scale, while the integration with the Algorand protocol provides the security and settlement of asset management and balances as well as primary market capabilities’. Alan O’Connor, Algorand Foundation Grants Program Project Manager.

For more information on Exberry please visit https://exberry.io/ or follow them on Twitter. If you are interested in submitting a project for support from the Algorand Foundation Grant program, please apply here.