IG Group North America introduces tasty Software Solutions, launches tastycrypto brand
IG Group North America today introduced 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.
Continuing to drive blockchain innovation, tasty Software Solutions has launched the tastycrypto brand which unveils the first of many offerings – a self-custody blockchain wallet on the Bitcoin and Ethereum networks. The launch of tastycrypto reinforces IG Group North America’s commitment to strategically invest and innovate in the digital asset and DeFi space.
“We have a long history of acting to help people on their path to becoming better at assessing risk and decision making,” said Tom Sosnoff, Founder of tastytrade, Inc., an affiliate of tasty Software Solutions. “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.”
tastycrypto’s software will enable users to custody, control, and take ownership of their digital assets (such as cryptocurrency, tokens, and NFTs). Users will initially be able to view their token balances, transfer cryptocurrency, and view transaction history on the Bitcoin and Ethereum networks. In the future, tastycrypto 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.”
“Our core focus is on developing tools and resources to empower individuals to take control of their finances in a rapidly changing landscape,” said Ryan Grace, IG Group North America Head of Digital Assets. “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.”
By offering a best-in-class self-custody wallet experience, tastycrypto will empower users to take true ownership of their digital assets and participate in the exciting world of decentralized finance. tastycrypto’s wallet will be the first of many products being developed that will leverage blockchain technology to create unique experiences for self-directed investors.
tastycrypto’s self-custody digital wallet will be available in January 2023. Those interested in the new offering can visit tastycrypto.com to learn more.
Let’s recall that IG Group acquired tastytrade back in June 2021. The total consideration comprised $300 million in cash and the issuance of 61,000,000 new ordinary shares in IG to tastytrade shareholders.