Ledger Jumps Into Institutional Trading Tech Market With Tradelink’s Launch

Prominent cryptocurrency wallet services 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/OTCs with over-the-counter (OTC) trading capabilities and aims to eliminate unnecessary complexities while simultaneously enhancing operational speed.

• depending on the company websiteTradelink enables trading on multiple exchanges without rebalancing on-chain liquidity, as well as retaining custody ownership of assets with OTC trading.
• Other benefits include allowing collateral risk mitigation for trading across multiple third-party platforms, easy integration with preferred counterparties, streamlined processes, and zero transaction fees, among others.
• At launch, partners will include asset managers such as Laser Digital and Hodl Group, digital asset trading and coordination platforms such as Wyden, OTC brokers/providers and platform partners such as Crypto.com, Bitstamp, Huobi, Wintermute, Coinsquare, NDAX, etc. will be at an early stage. Access to all Ledger Enterprise customers at no additional cost.
• Following the development, Sebastien Badault, Vice President of Enterprise Revenue at Ledger, said:

“By opening up better trading options for institutions, we enable asset managers, custodians and exchanges to navigate the changing landscape with confidence while making the entire ecosystem a safer and more transparent place.”

• Ledger recently came under fire from its online user after releasing a controversial update that raised concerns that the manufacturer had major security flaws, which later issued a statement explaining its decision to delay the launch.
• The company took in $109 million from the Series C fundraising round, and has benefited from $1.4 billion in valuation this year along with two others.