Spotex, an institutional trading venue for FX, precious metals, and digital assets, announced an integration with BitGo Holdings, Inc. (NYSE: BTGO) to provide eligible institutional clients access to digital asset liquidity through the Spotex ECN while keeping assets in regulated custody.

The integration connects Spotex's execution infrastructure with BitGo's Go Network settlement and clearing solution. Through Go Network, clients can allocate assets held in BitGo custody for trading on Spotex while those assets remain with BitGo throughout the trading lifecycle. The arrangement is designed to reduce the need to pre-fund trading venues and minimize counterparty risk.

Spotex operates solely as the execution venue and does not act as principal to transactions. BitGo's applicable entities provide custody, prime services, and settlement arrangements, including acting as a clearing and settlement broker between clients and liquidity providers.

BitGo is the first digital asset custodian to go live with Spotex under this structure. The arrangement is described as non-exclusive, reflecting what Spotex calls a technology and custodian-agnostic approach.

Joe Tuccio, Head of Digital Assets at Spotex, said: "By combining BitGo's digital prime brokerage, custody and settlement capabilities with Spotex's institutional liquidity and execution infrastructure, we believe we can provide clients with a more secure and capital-efficient way to trade digital assets."

Adam Sporn, Head of Prime Brokerage and U.S. Institutional Sales at BitGo, said: "Eligible clients can access Spotex while keeping assets within regulated custody and maintaining the operational controls required for institutional trading."

The announcement follows Spotex's recent appointment of Tuccio as Head of Digital Assets. Spotex was founded in 2010 and is based in Jersey City. The information is based on a press release issued by the two companies.