New York, November 11, 2019 – Cyberian, the new institutional crypto off exchange liquidity venue, today announced its launch of the world’s first trustless venue for trading blocks of digital assets.
The new company makes the bold claim to be the only true trustless matching system of digital assets with no central entity. The system is a matching tool that is without any one single point of trust, and, ultimately enables investors to buy and sell digital assets with zero information leakage and superior prices.
Cyberian was founded by TORA, the industry’s most advanced cloud-based order and execution platform (OEMS) and Partisia. Partisia is a pioneer and world leading provider of secure multiparty computation solutions (SMC). The founders of Cyberian each have over 20 years industry experience in developing trading technology and cryptography.
The system uses Secure Multiparty Computing (SMC) to break order data into fragments and distribute them to Cyberian nodes. It can be mathematically proven that even if a node is breached, it is impossible to compromise the order data. Truly making a trustless matching and trusted settlement system.
Gerrit van Wingerden, CEO, Cyberian stated “I’m extremely excited to launch Cyberian, the team and I have been working on this groundbreaking technology for the last 12 months and can’t wait to see it revolutionize the crypto industry”
Gerrit continued “Cyberian is set to create a new institutional standard, a much safer and more efficient standard of large investment into digital assets. Gone are the days of price leakage and uncertainty of privacy. Cyberian will be the world’s most advanced private network for matching and settling assets – that is completely trustless.”
Cyberian offers three core solutions to institutional investors 1. Matching 2. Settlement 3. Analytics. Users can leverage existing relationships with exchanges, OTC desks, and custodians for settlement. Users may also opt to settle on-chain without a trusted party.
Cyberian’s state-of-the-art cryptographic protocols were developed and designed specifically for Cyberian. These protocols are what ultimately ensure the details of orders are never revealed to a single party, even after a match is found.
ABOUT CYBERIAN
Launched in October 2019, Cyberian is a partnership between TORA, a leading provider of trading solutions for digital and traditional assets, and Partisia a leader in privacy enhancing software solutions. Development teams are based in Tokyo and Sofia, offices are in US, Europe and Asia.
ABOUT TORA
TORA is the provider of the industry’s most advanced cloud-based order and execution platform (OEMS). Every day over three billion dollars of institutional volume is traded through the TORA platform www.tora.com
ABOUT PARTISIA
Partisia is a pioneer and world leading provider of secure multiparty computation solutions (SMC). Partisia designs, develops and operates SMC solutions for applications such as auctions, privacy-preserving statistics, and encryption key management. Some initiatives have lead to spin outs from Partisia like Sepior.
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