AlphaPoint, a white label software company that supports cryptocurrency exchanges, has announced that it has become a member of the Bermuda Monetary Authority (BMA) Innovation Center, an innovation track set up by BMA.

Participating in the Innovation Center will provide AlphaPoint interested member companies with industry-leading financial technology solutions, mainly white label software used to start and operate the encryption and digital asset markets.

BMA is the regulatory agency that oversees Bermuda’s financial services industry. It initially launched the Innovation Center Program in April 2018 to recognize the growing importance of disruptive innovation in the insurance industry. Now, the Innovation Center has expanded to include a wide range of technology partners who play a key role in improving efficiency and driving competitiveness in the evolving market.

“On behalf of the Government of Bermuda, I congratulate AlphaPoint for becoming a member of the BMA Innovation Center. By expanding the services available to participants of the program, AlphaPoint demonstrates Bermuda as a jurisdiction that is integrating digital asset business activities into traditional financial infrastructure in many ways one.”
– Prime Minister David Burt

AlphaPoint’s solution provides a comprehensive set of white label software, including exchange technology, liquidity solutions, custody and revenue. These tools have been used to provide innovative financial products and services to more than 150 customers, including exchange operators, brokers, over-the-counter trading desks, liquidity providers and market makers, and security token (STO) exchanges.

“Bermuda and BMA provide strong and clear guidelines for the digital asset business, attracting many global players to operate under their framework, and AlphaPoint is proud to be the first white label to join the institutional market infrastructure?? Trading software provider BMA Innovation Center.”
– Igor Telyatnikov, CEO and co-founder of AlphaPoint