Country for PR: United States
Contributor: PR Newswire New York
Friday, January 08 2021 - 00:00
Instimatch to Leverage Algorand Across Multiple Use Cases to Advance Institutional Settlement and Payment Solutions
ZÜRICH and BOSTON, Jan. 8, 2021 /PRNewswire-AsiaNet/ --

  -- Algorand welcomes award-winning fintech platform to growing 
     ecosystem of users

Instimatch Global, the award-winning digital platform for institutional 
short-term money market trading, and Algorand, a world-class blockchain 
powering secure and efficient frictionless exchange, are working together to 
disrupt the regulated payment networks with advanced solutions powered by 
blockchain.  Instimatch and Algorand are both at the forefront of what future 
financial services and applications will be. 

Logo - 

Instimatch Global is paving the way to reinvent the conventional ways in which 
money markets operate, primarily by phone and broker-based means. The 
Platform's global Network offers a more effective workflow, better pricing and 
the potential to diversify counterparty risk by linking borrowers with lenders 

Algorand's cutting-edge blockchain technology will complement Instimatch, 
empowering it to add a spectrum of new features and offerings focused on 
payments, Islamic banking and RegTech.

Borrowing, lending and FX continue to grow and, with the implementation of 
advanced blockchain, can be more efficient and effective as the backbone of 
global economies. Instimatch is perfectly poised to bring enormous efficiencies 
to its customers, who currently process hundreds of billions of dollars in 
transactions each quarter.

"We are extremely pleased we've entered into this strategic partnership with 
Algorand, which enables us to leverage their blockchain technology and enhance 
our offering even further for our customers," commented Daniel Sandmeier, CEO 
at Instimatch. He also added, "The wide scope of this collaboration, which 
includes payments, Islamic banking and RegTech, will surely bring important 
progress in this space. We are confident of the success of the partnership as 
both Instimatch and Algorand embrace the vision of decentralized and 
frictionless finance."

"Instimatch and Algorand have a shared vision of what is required for advanced 
money market systems and FX that is more efficient and frictionless than 
today's offerings," said W. Sean Ford, COO of Algorand. "We are truly excited 
by Instimatch's initiative to build a bridge between new defi offerings and 
traditional financial applications."

About Instimatch 
Instimatch Global is an award-winning digital Platform for trading cash 
deposits across multiple geographies, sectors, and currencies, offering 
unparalleled market depth. The digital Network enables a global community of 
institutional borrowers and lenders, including banks, corporations, pension 
funds, asset managers, family offices, insurance companies, municipalities, 
etc., to directly engage with each other and execute on their liquidity needs – 
all within the convenient and easy to use Platform. Besides trading, users can 
also leverage the Network to make valuable connections, diversifying their 
lending portfolios and sources of liquidity. Instimatch operates out of Zurich, 
London and Doha, and currently has over 130 institutional clients across 20 
jurisdictions. For more information, visit 

About Algorand 
Algorand Inc. built the world's first open source, permissionless, pure 
proof-of-stake blockchain protocol for the next generation of financial 
products. This blockchain, the Algorand protocol, is the brainchild of Turing 
Award-winning cryptographer Silvio Micali. A technology company dedicated to 
removing friction from financial exchange, Algorand Inc. is powering the DeFi 
evolution by enabling the creation and exchange of value, building new 
financial tools and services, bringing assets on-chain and providing 
responsible privacy models. For more information, visit 


Source - Algorand