Crypto exchange HTX has partnered with BitGo Singapore to integrate its Go Network Off-Exchange Settlement (OES) solution. The move aims to let institutional clients trade on HTX without having to move their assets onto the exchange, in a bid to reduce counterparty risk and increase operational efficiency, says HTX in a press release.
Through BitGo Singapore’s infrastructure, client assets remain in regulated cold storage, separate from the exchange’s balance sheet. BitGo Singapore holds a Major Payment Institution license from the Monetary Authority of Singapore and provides insurance coverage of up to US$ 250 million. The custody model is designed to keep assets in the client’s name and bankruptcy-remote.
By integrating Go Network, HTX enables clients to allocate trading capital while keeping assets off-chain. Trades are executed against the allocated balance, without transferring the underlying assets to the exchange. This setup allows for faster capital deployment and strategy execution while retaining custody control.
Separation of custody and execution
The structure separates the custody and trading layers, a model increasingly seen as essential in digital asset markets following recent industry failures, explains HTX. Settlement takes place within BitGo Singapore’s custody environment, with automated post-trade processes aimed at reducing manual steps and improving auditability.
