Xalles Joint Venture GioBot to create SaaS Cryptocurrency Trading solution
By Edlyn Cardoza
Xalles Holdings Inc., a FinTech holding company providing innovative technology and financial services solutions to capitalize on the growing cryptocurrency and digital asset market, recently announced a joint venture between Xalles Capital Inc. and Aktary Enterprises LLC to establish GioBot Inc.
Headquartered in Austin TX, GioBot’s Software-as-a-Service solution will allow crypto traders to easily implement their own unique trading strategies and automate execution of cryptocurrency trades. By enhancing their investment processes, crypto traders can take their trading to the next level by systematically running single or even multiple algorithmic trading strategies across a variety of centralized and decentralized venues. The platform will also offer in-depth reporting and analytics on traders’ positions and market conditions. With built-in scripting support, traders will be able to infinitely modify strategies to account for the dynamic nature of market conditions.
GioBot will be led by Paul Giordano. Mr. Giordano brings over 30 years of experience in the global financial services industry to GioBot. Prior to helping launch GioBot he founded and led Tamalpias Asset Management, a $350 million assets under management hedge fund and was CIO of Creedon, Keller and Partners, a $2.1 billion alternative asset manager. Mr. Giordano also held senior positions at Merrill Lynch and Societe Generale/FIMAT and Redback Networks.
“Traders in the volatile and dynamic crypto market will significantly benefit by having access to the same type of tools and capabilities that traditional asset class institutional traders have been using for years,” said Paul Giordano, President. “Leveraging GioBot will give our customers the edge they need to maximize their capital return potential in this rapidly evolving environment.”
Xalles Capital Inc., a wholly owned subsidiary of Xalles Holdings, previously acquired Vigor Crypto Holdings to create trading strategies and manage internal crypto assets. This new GioBot joint venture with AktaryTech builds on what we have learned in the past couple of years. While Vigor Crypto will continue to manage the internal Xalles crypto assets, GioBot will create a platform that can be used by external traders. “Vigor has a proven successful business model and continues to generate profits for the company. Through GioBot, we will offer crypto traders, as well as institutional clients, access to expanded trading solutions to capture meaningful profitable revenue streams,” stated Xalles Holdings Chief Revenue Officer Everett Doolittle, who will also be named as one of the GioBot directors.
IBSi Daily News Analysis
December 06, 2023
Aktary Enterprises LLC
Large US banks face funding and liquidity challenges in 2024: Moody’sRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage