Crypto Exchange and VASP Technology Infrastructure

A crypto exchange or broker needs both crypto-specific and traditional financial capabilities.

• Wallet and custody — hot/cold separation, key management (MPC or HSM), segregation per client.
• Liquidity and order routing — internal matching or external liquidity providers.
• Fiat rails — banking partners for deposits and withdrawals.
• KYC/KYB and blockchain analytics — wallet screening and risk scoring.
• Travel rule messaging — exchanging originator/beneficiary data between VASPs.
• Ledger and reconciliation — matching on-chain and internal balances.
• Reporting — regulatory, tax and audit.

Custody and liquidity services may themselves require authorised external providers.