- Ledger, renowned crypto hardware wallet manufacturer, debuts its institutional trading network Tradelink, promising security, flexibility, and transparency for institutional digital asset trading.
- Tradelink will offer enhanced security, risk distribution, streamlined operations, and zero transaction fees, fostering a regulatory-friendly environment for institutional trading and ensuring the reduction of third-party risk.
In a groundbreaking move, Ledger, a prominent player in crypto hardware wallet production, is setting foot in the institutional trading technology domain with its first open custodial trading network, Tradelink. Announced on June 28th, Tradelink will work in association with select exchange and custodial partners, promising a future-proof solution that offers a balance of flexibility and security.
To meet the ever-growing need to curtail third-party risk exposure amidst rising security and regulatory concerns, Tradelink is designed with robust risk management and regulatory compliance at its forefront. This platform extends its users unfettered access to Ledger’s extensive global network of custodians and exchanges, or the choice to integrate smoothly with their preferred partners. Ledger’s technological prowess in the platform eliminates network lock-in risks, empowering asset managers, custodians, and exchanges to navigate the tumultuous crypto market landscape confidently.
One of Tradelink’s main features is off-exchange trading. Institutions can leverage the security of Ledger technology while accessing exchanges & OTC brokers like Crypto.com, Bitstamp, Huobi, CEX.IO, Wintermute, Coinsquare, among others. This combination offers deep liquidity with industry-leading secure custody.
Furthermore, Ledger’s unique shared governance framework facilitates enhanced security and transparency across the network. This enables real-time tracking of collateral balances and operational status for all participants, fostering an open, trustless network.
By allowing participants to join or build a network of trading counterparties, Ledger provides an open governance framework for efficient risk distribution. As a result, fund managers can smoothly manage their crypto assets and collateral across multiple custodial partners. Ledger’s zero transaction fee policy ensures predictable operational costs and effortless budgeting, further simplifying the financial planning process.
Tradelink also promises faster and more efficient trading. Institutions can pledge assets directly from their preferred custodian, thereby cutting costs and time of processing multiple transactions. Ledger VP of Enterprise Revenue, Sebastien Badault, stated that their aim is to enable better trading options for enterprises, thereby making the whole ecosystem safer and more transparent.
With institutional interest in the cryptocurrency industry at an all-time high and more corporate enterprises venturing into the crypto market, the demand for institutional trading platforms like Tradelink is set to surge. Eric Anziani, President & COO of Crypto.com, commended Ledger’s innovative Trading Operation technology for bolstering security and fostering a regulatory-friendly landscape for institutional trading.
