Core Insights - DelphX Capital Markets Inc. is advancing its Quantem Crypto Securities (QCS) as a fully-collateralized hedging solution in the digital asset sector [1][4] - The recent decline in Bitcoin prices from above US$115,000 to below US$90,000 highlights the need for institutional-grade hedging tools [2][4] - A U.S. primary dealer is evaluating a potential collaboration to implement QCS within its digital-asset infrastructure, indicating growing interest in the product [3] Company Overview - DelphX focuses on developing and distributing structured products, including fixed-income and cryptocurrency solutions through its special purpose vehicle, Quantem LLC [5] - The company offers proprietary products such as Collateralized Put Options (CPOs) and Collateralized Reference Notes (CRNs) to provide protection against rating downgrades and cryptocurrency losses [7] Market Context - The crypto market is characterized by high risk and significant volatility, necessitating sophisticated risk-management tools like QCS for capital preservation and competitive positioning [4] - Institutional adoption of digital assets is accelerating, creating demand for effective hedging solutions [4]

Core Insights - DelphX Capital Markets Inc. is advancing its Quantem Crypto Securities (QCS) program, which is designed for institutional investors to provide downside protection against significant price declines in cryptocurrencies while eliminating counterparty risk [2][4]. Group 1: QCS Program Development - The QCS offering is currently being evaluated by multiple digital asset treasuries and hedge funds for inclusion in their portfolio strategies [2]. - DelphX will attend the Bitcoin Treasuries Conference in New York to engage with potential first adopters and partners, expecting to finalize initial alignments by the end of the month [3]. Group 2: Strategic Initiatives - The company has initiated a strategic review to explore the establishment of its own digital asset treasury, which would incorporate QCS as a direct downside hedge [4]. - DelphX is broadening its relevance and expanding revenue opportunities across multiple markets alongside the QCS program [5]. Group 3: Company Overview - DelphX is focused on developing and distributing next-generation structured products through its special purpose vehicle, Quantem LLC, enabling broker dealers to offer new private placement securities [6]. - The company offers collateralized put options (CPOs) and collateralized reference notes (CRNs) that provide secured rating downgrade protection and exposure to cryptocurrency losses in exchange for attractive returns [8].