On June 28, Ledger, a Paris-based crypto custody provider, announced that it was launching its Ledger Enterprise Tradelink — a secure and regulation-friendly trading platform for institutional investors.
In its press release, the company described the platform in the following manner,
“Today, we are proud to announce that Ledger is entering the institutional trading technology market with the first open network to enable custodial trading via exchange and custodial partners. This solution will provide unparalleled control, security, flexibility, and transparent governance over an enterprise’s digital asset trading. With its technology foundation and security infrastructure at its core, Ledger is developing a more secure and regulation-friendly environment for institutional trading, enhancing control and ownership, while significantly diminishing the risk of counterparty failures.”
Ledger Enterprise TRADELINK’s features
By engaging in off-exchange trading, users will benefit from Ledger’s secure technology and guarantees from regulated custodians when accessing exchanges and over the counter brokers such as Crypto.com, Bitstamp, Huobi, Uphold, CEX.IO, Wintermute, Coinsquare, NDAX, Damex, Bitazza, Flowdesk, and YouHodler.
The unique shared governance platform will ensure better security and transparency throughout the network and allow tracking collateral balances and the operational status of all the participants in real time. The open network is based on a trustless model.
The platform is an open governance platform where users are able to join trading counterparties and create their own networks. Thanks to this solution, management funds will receive the tools to manage crypto easily and distribute risks.
Ledger’s technological infrastructure is ready for service. It is designed to conduct and manage crypto transactions (both manually and automatically), improve their efficiency, and decrease operational risks. Moreover, Ledger states that there will be no transaction fees, while the platform will ensure “predictable operational costs and effortless budgeting to simplify the financial planning process.”
In general, users can expect savings of up to 80% because they will no longer need to transfer assets between exchanges.
Based on the article at www.ledger.com
