Vectis prioritizes security, deploys capital across top venues
Summary
Vectis has prioritized security in its operations, particularly following a recent incident known as the Drift incident, which prompted the firm to reduce unnecessary risks across all layers of its infrastructure. Currently, over 90% of Vectis' capital is deployed with established trading venues such as HyperliquidX, Binance, and OKX, chosen for their reliable infrastructure. Additionally, Vectis utilizes custody services from Cobo Global and Ceffu Global, along with transparency tools from AccountableData, all aimed at minimizing counterparty and operational risks while ensuring robust asset management. This strategic focus underscores Vectis' commitment to capital protection as an essential principle in their ongoing development.
Analysis
OKX: OKX is a major global cryptocurrency exchange offering trading and related infrastructure services. Vectis has deployed capital there as part of its strategy to use established venues for enhanced reliability and risk management. Vectis: Vectis is a platform specializing in professional asset management and trading strategies with an emphasis on institutional-grade infrastructure. Following the Drift incident, it has prioritized security by reducing unnecessary risks and deploying the majority of its capital across selected trading venues while partnering with specific custody and transparency providers. Binance: Binance is a major global cryptocurrency exchange providing trading services and infrastructure. Vectis selected it alongside other venues to minimize counterparty risks through its established operational framework. CeffuGlobal: CeffuGlobal offers custody services tailored for institutional crypto asset management. Vectis works with the provider to support its overall security and capital protection framework. Cobo_Global: Cobo_Global provides institutional-grade custody solutions for digital assets. Vectis partners with it to secure its holdings as part of a deliberate approach to minimizing operational and counterparty risks. HyperliquidX: HyperliquidX operates as a trading venue known for its infrastructure supporting perpetual futures and related activities. Vectis has chosen it as one of its primary deployment locations for capital due to its operational reliability and established role in the ecosystem. AccountableData: AccountableData supplies infrastructure solutions focused on transparency and VaaS for financial systems. Vectis integrates it to enhance visibility and robustness across its asset management operations. Risk Management: Vectis has explicitly shifted toward minimizing counterparty and operational risks across all layers of its infrastructure following a prior incident. Infrastructure Choices: The platform relies on a combination of trading venues, custody providers, and transparency tools to maintain system robustness without assuming capital protection as guaranteed.
Categories
cryptohyperliquiddefiethereum