Cboe Global Markets has announced the initial group of firms which intend to become equity investors in its digital business.
Among the potential equity partners in Cboe’s advanced discussions are a broad range of market participants including retail and institutional intermediaries, liquidity providers and brokers.
The list of potential partners includes B2C2, DRW, GSR, Hidden Road, IMC, Interactive Brokers, Jane Street, Jump Crypto, Optiver, Robinhood, tastytrade and Virtu Financial.
“ErisX was founded with the mission of bringing transparent, well-regulated markets for digital assets and we are excited to further accelerate on this vision with growing support from our partner firms.”
Through their equity ownership, each firm will directly benefit from the growth of ErisX – which was acquired by Cboe in May – and Cboe Digital, as well as close strategic and commercial alignment from day one.
The group of equity partners, which are soon to be formalised, will join the roster of commercial partner firms including Fidelity Digital Assets, Galaxy Digital, NYDIG and Webull, who are supporting the ErisX business (which is expected to be renamed Cboe Digital).
Subject to the execution of definitive documents, the group of firms have committed to consistent engagement with the business as well as the building of Cboe Digital markets.
In addition, Cboe has revealed plans to develop a Digital Advisory Committee, consisting of a cross-section of equity and commercial partner firms, which will be tasked with advising Cboe on the continuous development of the ErisX spot and derivatives markets as well as Cboe Digital and the digital asset space.
Cboe stated that it plans to leverage the engagement and collaboration with these market participants to help accelerate growth of ErisX as a resilient, trusted and transparent digital asset venue.
“ErisX was founded with the mission of bringing transparent, well-regulated markets for digital assets and we are excited to further accelerate on this vision with growing support from our partner firms,” said Ed Tilly, chairman and chief executive of Cboe Global Markets.
“Building trusted markets has always been a part of Cboe’s DNA, and we look forward to leveraging the combined expertise of our partner firms to help bring Cboe’s regulatory framework, transparency, infrastructure and data solutions to further grow the digital asset market on a global scale.”