Ledger, a well-known crypto wallet service provider, has unveiled its latest product offering called Tradelink. This innovative trading and settlement network technology is specifically designed for asset managers, custodians, and exchanges/OTC with off-exchange trading capabilities. The primary goal of Tradelink is to simplify processes and enhance operational speed for these entities.
Streamlining Trading Processes
Tradelink allows users to trade on multiple exchanges without the need for on-chain liquidity re-balancing. This feature enables asset managers, custodians, and exchanges to retain custodial ownership of assets while engaging in off-exchange trading. Additionally, this technology mitigates trading collateral risks across various third-party platforms, providing a more secure trading experience.
Partners and Integration
Ledger has partnered with several notable industry players for the launch of Tradelink. Asset managers such as Laser Digital and Hodl Group, digital asset trading and orchestration platforms like Wyden, OTC brokers/providers, and platform partners including Crypto.com, Bitstamp, Huobi, Wintermute, Coinsquare, and NDAX will have early access to Tradelink. What’s more, this access comes at no extra cost for Ledger Enterprise clients.
Enhancing the Trading Ecosystem
Sebastien Badault, VP of Enterprise Revenue at Ledger, emphasizes the positive impact of Tradelink on the trading ecosystem. He states, “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.”
Despite its recent controversy surrounding a security update, which led to concerns about potential security flaws, Ledger remains a prominent player in the crypto industry. The company has successfully raised $109 million in a Series C extension fundraising round, reaching a valuation of $1.4 billion this year. With the launch of Tradelink, Ledger aims to further solidify its position as a leading provider of crypto wallet services and contribute to the advancement of the trading and settlement network.