Prominent crypto wallet service provider Ledger has announced the launch of a new trading and settlement network technology dubbed Tradelink.
The new product offering is designed for asset managers, custodians, and exchanges/OTC with off-exchange trading capabilities and aims to eliminate unnecessary complexities while simultaneously boosting operational speed.
- As per the company’s website, Tradelink enables trade on multiple exchanges without on-chain liquidity re-balancing, as well as retaining custodial ownership of assets with off-exchange trading.
- Other benefits include allowing mitigation of trading collateral risks across multiple third-party platforms, easy integration with preferred counter-parties, streamlined operations, and zero-transaction fees, among others.
- At launch, partners will include asset managers such as Laser Digital and Hodl Group, digital asset trading and orchestration platforms such as Wyden, OTC brokers/providers, and platform partners such as Crypto.com, Bitstamp, Huobi, Wintermute, Coinsquare, NDAX, etc., will be in early stage access to all Ledger Enterprise clients at no additional cost.
- Following the development, Sebastien Badault, VP of Enterprise Revenue at Ledger,
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“By unlocking better trading options for enterprises, we are empowering asset managers, custodians, and exchanges to navigate the changing landscape with confidence while making the whole ecosystem a safer and more transparent place.”
- Ledger recently came under fire from its online user after releasing a controversial update that sparked concerns of major security flaws exposure by the manufacturer, which later issued a statement clarifying its decision to delay the launch.
- The company secured a $109 Million Series C extension fundraising round, tapping $1.4 billion in valuation this year with two more to go.
The post Ledger Jumps Into Institutional Trading Tech Market With Tradelink’s Launch appeared first on CryptoPotato.
