Leading global market infrastructure provider Cboe Global Markets has on Thursday announced its first group of potential equity partners to buy stakes in its newly acquired business ErisX, to be renamed Cboe Digital in the future.
The market infrastructure provider completed the acquisition of Eris Digital Holdings (ErisX), a U.S.-based spot and derivatives crypto exchange, in May at an undisclosed price to operate as its subsidiary.
“ErisX was founded with the mission of bringing transparent, well-regulated markets for digital assets, and we are excited to further accelerate this vision with growing support from our partner firms,” said Ed Tilly, Chairman and Chief Executive Officer of Cboe Global Markets.
Cboe Global Markets In Discussion With Market Leaders
As a regulated futures exchange and clearinghouse, Cboe Global Markets disclosed that ErisX would operate as a cornerstone of its new digital business.
The company further noted that it’s in discussion with a broad range of major market participants, retail brokers, and market makers such as Robinhood, Jump Crypto, Hidden Road, IMC, and Interactive Brokers for possible purchase of stakes in the Cboe Digital Business and ErisX.
The soon-to-be formalized set of investors joins a roster of planned commercial partner companies supporting the ErisX business, like Fidelity Digital Assets, Galaxy Digital, New York Digital Investment Group (NYDG), and Webull, which are committed to the growth of the firm.
By taking ownership of minority stakes in the business, the partners will also benefit from ErisX’s exposure and development.
The company plans to use the partnership between these market leaders and their engagements to further advance the growth of ErisX as a regulated and transparent digital marketplace.
Cboe Global Markets Plans to Form a Digital Committee
Cboe also said it intends to form a Digital Advisory Committee, comprising a cross-section of equity and commercial partner firms as part of its ErisX and Cboe Digital Business operations.
The committee will advise Cboe on the development of ErisX’s spot and derivative offerings, including Cboe Digital and the crypto industry.
John Palmer, the chief of ErisX, noted that the exchange believes that the new partners will further validate the company’s vision for the Cboe Digital business.
“Our partner firms share our deep commitment to bringing Cboe’s trusted, transparent, regulatory-first approach to the digital asset space, and we are excited to work together as a collective force to shape and define this asset class now and for the future, to benefit all market participants,” he said.
Source: https://coinfomania.com/cboe-global-markets-potential-equity-partners-digital-business/