Prominent crypto wallet service provider Ledger has launched a new trading and settlement network technology called Tradelink.
- Tradelink is designed for asset managers, custodians, and exchanges/OTC with off-exchange trading capabilities.
- The product aims to eliminate unnecessary complexities and boost operational speed.
- Tradelink enables trade on multiple exchanges without on-chain liquidity re-balancing.
- It allows retention of custodial ownership of assets with off-exchange trading.
- Other benefits include risk mitigation across multiple third-party platforms, easy integration with preferred counter-parties, streamlined operations, and zero-transaction fees.
- Partners at launch include asset managers, digital asset trading platforms, OTC brokers/providers, and platform partners.
- Sebastien Badault, VP of Enterprise Revenue at Ledger, believes the technology will empower enterprises and make the ecosystem safer and more transparent.
- Despite recent controversy over a security update, Ledger has secured significant funding and achieved a valuation of $1.4 billion this year.
Hot Take: Ledger’s launch of Tradelink is a significant move in the crypto industry, offering asset managers and exchanges a more efficient and secure trading solution. The technology’s ability to trade on multiple exchanges without re-balancing liquidity and retain custodial ownership of assets is particularly noteworthy. Ledger’s strong partnerships with various industry players indicate the potential success of Tradelink. However, the recent security concerns raised by users highlight the need for continuous vigilance and improvement in the company’s products and services.
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