CrossTower, a new exchange operator with a mission to mainstream digital asset investing and trading for institutional and individual investors, today announced the launch of its multi-asset trading platform founded by two capital markets veterans, CEO Kapil Rathi and president Kristin Boggiano, who recently worked together at AlphaPoint, a white label crypto exchange software firm.
CrossTower’s controlled launch began in April and live trading has continued since then with a select group of individuals and firms. The CrossTower exchange will initially support crypto-to-crypto trading in the five most widely traded currencies: bitcoin, ether, litecoin, bitcoin cash and zcash.
Co-founder Rathi is an exchange veteran who has held senior roles at the Cboe (Chicago Board Options Exchange); Bats Global Markets (acquired by Cboe); ISE (International Securities Exchange); and the New York Stock Exchange. Prior to founding CrossTower, Rathi was the chief operating officer (COO) at AlphaPoint,
Co-founder Boggiano is a structured products, regulatory and digital asset expert who brings over 20 years of experience in capital markets on the buy side and sell side. Prior to founding CrossTower, Boggiano was a chief legal officer of AlphaPoint; managing director of an algorithmic trading platform at Guggenheim; and special counsel at Schulte Roth, where she founded the Structured Products and Derivatives division and led the regulatory group for Dodd-Frank. Boggiano also founded the Digital Asset Legal Alliance (DARLA) and Women in Derivatives (WIND).
“We are excited to apply our deep knowledge of the institutional markets from a technology, security, regulatory, pricing and service perspective to digital assets and crypto,” says Rathi. “We have assembled a seasoned senior team and trusted industry partners who share our passion to help the global financial industry evolve thoughtfully and strategically.”
The CrossTower platform was built for institutional and individual investors with best-in-class safeguards, services and capabilities designed to make the next-generation financial markets a reality.
“For me, the exciting part of launching an exchange is being able to offer deep liquidity, excellent risk management, rigorous safeguards and a platform that provides a level playing field,” Boggiano says. “The rate of technological change is accelerating, and historically, technology has been a catalyst for major paradigm shifts in the concept of money. I am passionate to be part of building the digital asset infrastructure that can impact people around the world.”