INSTITUTIONAL BLOCK TRADING OF DIGITAL ASSETS SET TO BE TRANSFORMED WITH THE LAUNCH OF CYBERIAN
TOKYO, 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 system is the first practical platform for matching blocks of digital assets without a single point of trust, which ultimately enables investors to buy and sell digital assets with zero information leakage and superior prices.
Cyberian was founded by TORA, provider of the most advanced cloud-based order and execution platform (OEMS) for traditional assets and Partisia. Partisia, a world leading provider of secure multiparty computation solutions (MPC). The founders of Cyberian each have decades of experience developing trading technology and secure multiparty computing solutions.
Cyberian uses Secure Multiparty Computing (MPC) to break order data into fragments and distributes them to Cyberian nodes that are hosted among distinct entities. It can be mathematically proven that even if a node is breached, it is impossible to compromise the order data. Cyberian users are able to leverage existing relationships with exchanges, OTC desks, and custodians for settlement.
Gerrit van Wingerden, founder of, Cyberian stated “I’m extremely excited to launch Cyberian, the team and I have been working on this ground-breaking technology for the last 12 months and can’t wait to see it change the way blocks of digital assets are bought and sold”
Gerrit continued “Cyberian is set to create a new institutional standard, a much safer and more efficient standard, for the way that blocks of digital assets are bought and sold. Gone are the days of price leakage and uncertainty of privacy when trading large blocks of digital assets.”
Kurt Nielsen, CEO, Partisia commented “real-time and confidential order matching is a fantastic use of MPC. The Cyberian approach will not only utilise the full capacity of the technology, it also clearly proves how MPC can ideally complement blockchain technologies. We have been working closely with Cyberian on bringing MPC to order matching and we’re very excited to bring this innovative work into production”
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.
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.
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.