South Street partners with Digital Prime Technologies
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South Street partners with Digital Prime Technologies 28 April 2022US Reporter: Carmella Haswell
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South Street Securities Holdings has announced a partnership with prime brokerage solutions provider, Digital Prime Technologies.
Digital Prime’s digital assets platform provides traditional securities-based prime brokers with a technology solution. The solution aims to provide clients with the ability to execute, leverage and finance digital asset trading strategies on one platform.
South Street aims to use this platform to expand into the digital asset trading and lending space with institutional clients.
Commenting on the news, James Tabacchi, president and CEO of South Street Securities Holdings, says: “South Street has always been focused on financial technology via our affiliate Matrix Applications.
“A partnership with Digital Prime expands our FinTech footprint and provides growth opportunities for our finance and trading businesses in a new asset class. This will add further diversification to our portfolio of complementary businesses.”
Anthony Venditti, managing director and head of equity finance, adds: “We are excited to partner with the Digital Prime management team and appreciate their vision on how existing prime brokers can efficiently onboard clients with minimal friction.”
James A. Runnels, founder of Digital Prime, comments: “The investment by South Street alongside other institutional investors is a testament to our progress to date. The investment funds will be used to expand our platform and further accelerate our customised product delivery.”
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