IG Group launches tastycrypto and self-custody digital wallet
IG Group North America has announced the newly formed tasty Software Solutions, LLC, a technology company dedicated to building software that provides users access to opportunities across digital assets, web3, and decentralized finance.
tasty Software Solutions has launched the tastytcrypto brand, IG’s digital asset trading face which has unveiled the first of many offerings: a self-custody blockchain wallet on the Bitcoin and Ethereum networks.
tastycrypto will give users control over their digital assets and access to opportunities across decentralized finance. The new crypto focused brand reinforces IG Group North America’s commitment to strategically invest and innovate in the digital asset and DeFi space.
“Self-custody should be a significant consideration for those trading digital assets”
Tom Sosnoff, Founder of tastytrade, Inc., an affiliate of tasty Software Solutions, said: “We have a long history of acting to help people on their path to becoming better at assessing risk and decision making. tastycrypto represents the next phase of personal investing. Given recent events, self-custody should be a significant consideration for those trading digital assets. DeFi is the next frontier and should be a great equalizer for all.”
Ryan Grace, IG Group North America Head of Digital Assets, commented: “Our core focus is on developing tools and resources to empower individuals to take control of their finances in a rapidly changing landscape. DeFi, web3, and blockchain will play a major role in the future of finance and we have the foresight, experience, and passion, to continually innovate to meet investors’ needs in this space.”
Users will be able to use tastycrypto for custody, control, and ownership of their digital assets (such as cryptocurrency, tokens, and NFTs). Initially, they will be able to view their token balances, transfer cryptocurrency, and view transaction history on the Bitcoin and Ethereum networks.
tastycrypto has plans to allow users to fund their wallet using licensed third-party payment methods, swap tokens on-chain, connect to decentralized applications, and transfer cryptocurrency to their wallet from their tastyworks brokerage account where they have access to trading in 25 different cryptocurrencies today.
The self-custody digital wallet will be available in January 2023.
IG’s tastyworks listed as partner investor of Cboe Digital
The launch of tastycrypto follows Cboe Digital’s announcement of 13 partner investors, which includes IG’s tastyworks. Other names in the list are B2C2, DRW, Galaxy Digital, GSR, Hidden Road, IMC, Interactive Brokers, Jane Street, Jump Crypto, Robinhood, Susquehanna International Group, and Virtu Financial.
Their equity ownership will allow them to directly benefit from the growth of Cboe Digital and close strategic and commercial alignment. Investor partners join a roster of commercial partner firms supporting the Cboe Digital business.
Cboe Digital, formerly known as ErisX, operates a spot market, derivatives market, and clearing platform, with plans to develop and distribute a range of digital asset data products, subject to regulatory approval.
