# Hyphe

> Digital Asset liquidity for financial institutions.

Hyphe provides digital asset liquidity to financial institutions through competitive pricing and order execution for cryptocurrency trading.

Hyphe helps financial institutions offer digital asset trading by providing liquidity, fair market pricing, and API-based order execution. Banks, brokers, and asset managers can access multiple digital assets through the Prime-Access API while integrating custody and settlement. Hyphe is a market maker and liquidity provider supervised by BaFin in Germany.

- Type: Company
- Sector: Finance
- Status: Active
- Profile: https://thegrid.id/profiles/hyphe

## Products

- [Prime-Access](https://thegrid.id/profiles/hyphe): Prime-Access is a trading API for institutions to fetch prices, request quotes, and execute orders via REST and WebSocket, with sandbox and production environments and 24/7 availability. (Trading Terminal, Live, Main Product)
- [Clear-Calculus](https://thegrid.id/profiles/hyphe): Clear-Calculus is a pricing engine that derives fair market prices from multiple sources and streams real-time pricing to support institutional pricing models and transparency. (Pricing Data API, Live)

## Assets

- [Hyphe Bitcoin Bond](https://thegrid.id/profiles/hyphe): Hyphe Bitcoin Bond is a tokenized zero-coupon bond issued by Hyphe Markets GmbH under German electronic securities law. It is used by qualified institutional investors to gain Bitcoin exposure with yield, purchased at a discount and redeemed at full value in Bitcoin at maturity. The bond is registered and custodied by Cashlink Technologies, a BaFin-regulated crypto securities registrar, enabling investors to access Bitcoin returns through a regulated security structure rather than direct cryptocurrency ownership. (Security)

## Links

- [Main](https://hyphe.com)
- [Documentation](https://docs.hyphe.com)
- [Terms of Service](https://hyphe.com/terms-and-conditions)
- [Blog](https://hyphe.com/newsroom)
- [Privacy policy](https://hyphe.com/terms-and-conditions#privacy-statement)
- [LinkedIn](https://www.linkedin.com/company/hyphe)

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP