OrBit Markets Wins Asia Risk's Blockchain Solution Award



OrBit Markets, a prominent institutional liquidity provider in digital asset options and structured derivatives, has achieved a significant milestone by winning the esteemed Asia Risk Awards 2023 for its Blockchain Solution of the Year. The Asia Risk Awards, recognized as Asia's longest-running and most prestigious awards in the derivatives and risk management arena, have previously honored industry titans like JP Morgan, Deutsche Bank, and UBS. The tumultuous events of 2022 highlighted the urgent need for the digital assets industry to establish robust standards for counterparty risk management. OrBit's award-winning approach showcases their success in harnessing cutting-edge blockchain technology to create a collateral management system that effectively mitigates counterparty risk. By integrating the traditional derivatives margin framework with blockchain's near-instant settlement and secure multi-signature wallets, OrBit provides a blockchain-native, decentralized, and non-custodial solution, setting them apart and driving substantial business growth.

Zhiming Yang, co-founder of OrBit Markets, emphasized their unwavering commitment to innovation, transparency, and industry-leading standards, reinforcing their status as industry leaders. Their recent recognition as Google Cloud 2023 Customer of the Year in the Financial Services sector further attests to the strength of their proprietary technology and stringent security standards. These accolades, coupled with the remarkable growth in demand for OrBit's solutions, validate their successful strategy of combining financial derivatives expertise with cutting-edge blockchain technology, reaffirming their leadership in the industry. OrBit's achievements underscore their pivotal role in shaping the future of digital asset derivatives and risk management, and their commitment to delivering exceptional results and driving positive impact in the market.

Read More - https://www.techdogs.com/tech-news/business-wire/orbit-markets-wins-asia-risks-blockchain-solution-award

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