Alliance Block signs agreement with London Stock Exchange Group Partner Platform

Alliance Block announced its agreement yesterday with the London Stock Exchange Group to connect with its Partner Platform to allow institutional members direct market access and support financial services transactions. 

Alliance Block’s aim of creating the first globally compliant decentralised capital market has gone a huge step forward with this connection that enables it to reach institutional clients in traditional finance. 

Among those clients will be sell-side brokerages, investment firms, and data and technology vendors. 

Alliance Block Founder and CEO, Rachid Ajaja, said of the agreement: 

"AllianceBlock is filling a much-needed gap that has emerged in today's global financial ecosystem following innovations we have seen over the past number of years. One of the greatest challenges to bridging institutional finance with the new digital asset class is ensuring that access to decentralized markets is trusted and secure and meets globally trusted industry standards. Through the Partner Platform AllianceBlock is able to provide institutional financial markets participants with access to the new opportunities provided by our decentralized protocol that automates the process of converting any digital or crypto asset into a bankable product in a secure, compliant way." 

While Nigel Harold, Group Head of Global Business Services at LSEG, remarked: 

"We are delighted AllianceBlock has chosen to join LSEG's Partner Platform. AllianceBlock's decentralised capital market ecosystem can benefit from LSEG's extensive experience in enabling business partners to bring their financial applications closer to the trading community, by leveraging our global network of clients and mission critical connectivity infrastructure". 

According to the Alliance Block roadmap, it will begin onboarding its ecosystem partners in Q2. Among the partners and supporters on their website are the likes of ChainLink, Ocean, Parsiq and API3 from the Crypto space. Q4 will see the onboarding of traditional finance partners such as National Westminster Bank. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.