Ledger takes on institutional trading with its new TRADELINK solution

Ledger Enterprise TRADELINK: the new service for institutional investors

The Ledger hardware wallet manufacturer is diversifying its activities by presenting Ledger Enterprise TRADELINK, a new solution for institutional players.

In short, it is a service that facilitates over-the-counter (OTC) trading by aggregating access to multiple brokers on a single platform, especially thanks to an API connection system. .

Among these exchanges we find, for example, Crypto.com, Wintermute, Bitstamp or Huobi to name a few. The main advantage of this service is that it allows merchants to have access to a varied source of liquidity in one place without having to make numerous money transferswhich constitutes a significant time saving in their operation.

In addition, this solution can be adapted as desired to adapt the working environment to the needs of the individual fund manager.

In addition, it also contributes to diversify the counterparty risk by depositing assets with several actors, rather than operating with a single custodian bank, which may go bankrupt.

On his side, Ledger will not impose additional fees on transactions made. The company describes itself as β€œa technology provider, not a financial intermediary“. In this way, TRADELINK is a free service for customers who secure their digital assets using the Enterprise Ledger.

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Activities beyond hardware wallets

SΓ©bastien Badault, who worked for Alibaba, Google or even Amazon, and just named VP Revenue for Ledger Enterprise Divisioncommented on this new service:

“For more than a decade, we have been developing security and governance solutions for the entire crypto-ecosystem. It is on this foundation that we have built Ledger Enterprise TRADELINK, which will provide our institutional clients with unmatched flexibility and security. By developing more efficient institutional trading solutions, we provide asset managers, custodian banks and stock exchanges the opportunity to navigate a future-oriented industry with confidence.”

Ledger is thus diversifying more and more from its activity linked to the production of hardware wallets, by expanding its product range to blockchain infrastructures in general. At its level, this latest innovation could promote adoption on the institutional side by offering them a new tool to interact with the ecosystem.

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