BTC

$65882.838

-0.12%

ETH

$2681.111

-0.38%

BNB

$601.119

-0.85%

XRP

$0.612

3.60%

News

Ledger Introduces Custodial Network for Institutions, June 28

June 28, 2023 - Around 2 mins mins to read

Key Points:

  • Ledger is expanding into the institutional trading space with its new trading network named Tradelink.
  • The network will enable custodial trading for institutional investors via select exchange and custodial partners, and aims to reduce counterparty risk and eliminate network lock-in risks.
  • Ledger has sold over 6 million devices to customers across 200 countries to date and has raised $108 million in March this year at a flat $1.5 billion valuation.
Ledger announced this morning that it is expanding into the institutional trading space. The company’s new trading network, Tradelink, will enable custodial trading with select exchange and custodial partners.
Ledger Introduces Custodial Network for Institutions

According to Pascal Gauthier, Chairman and CEO of Ledger, the company is creating a future-proof solution that will give Ledger enterprise customers flexibility and security, allowing institutions to de-risk their businesses. He also stated that the core security foundation can now be used to reduce counterparty risk and enable custodial trading for institutional investors.

The exchange will be supported by a bevy of wholesale partners, including asset managers Laser Digital and Hodl Group, and custodians like Komainu, TetraTrust, Etana, Crypto Garage, Damex, and Kryptodian. Exchanges and other brokers, such as Crypto.com, Bitstamp, Huobi, Uphold Institutional, CEX.IO, Wintermute, Coinsquare, NDAX, Damex, Bitazza, Flowdesk, and YouHodler, will also support the new network.

Ledger Introduces Custodial Network for Institutions 1

Ledger’s announcement highlighted the growing need to mitigate third-party risk in crypto trading, given heightened security and regulatory concerns. Tradelink is being positioned as a solution that eliminates network lock-in risks.

Ledger, founded in 2014, is among Europe’s biggest crypto businesses. It is best-known for its hardware wallets and has sold more than 6 million devices to customers across 200 countries to date, according to this morning’s announcement. The company raised another $108 million in March this year at a flat $1.5 billion valuation.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

Custodial Network

Ledger

Ledger Introduces Custodial Network

Avatar of Annie

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Ledger Introduces Custodial Network for Institutions, June 28

Key Points:

  • Ledger is expanding into the institutional trading space with its new trading network named Tradelink.
  • The network will enable custodial trading for institutional investors via select exchange and custodial partners, and aims to reduce counterparty risk and eliminate network lock-in risks.
  • Ledger has sold over 6 million devices to customers across 200 countries to date and has raised $108 million in March this year at a flat $1.5 billion valuation.
Ledger announced this morning that it is expanding into the institutional trading space. The company’s new trading network, Tradelink, will enable custodial trading with select exchange and custodial partners.
Ledger Introduces Custodial Network for Institutions

According to Pascal Gauthier, Chairman and CEO of Ledger, the company is creating a future-proof solution that will give Ledger enterprise customers flexibility and security, allowing institutions to de-risk their businesses. He also stated that the core security foundation can now be used to reduce counterparty risk and enable custodial trading for institutional investors.

The exchange will be supported by a bevy of wholesale partners, including asset managers Laser Digital and Hodl Group, and custodians like Komainu, TetraTrust, Etana, Crypto Garage, Damex, and Kryptodian. Exchanges and other brokers, such as Crypto.com, Bitstamp, Huobi, Uphold Institutional, CEX.IO, Wintermute, Coinsquare, NDAX, Damex, Bitazza, Flowdesk, and YouHodler, will also support the new network.

Ledger Introduces Custodial Network for Institutions 1

Ledger’s announcement highlighted the growing need to mitigate third-party risk in crypto trading, given heightened security and regulatory concerns. Tradelink is being positioned as a solution that eliminates network lock-in risks.

Ledger, founded in 2014, is among Europe’s biggest crypto businesses. It is best-known for its hardware wallets and has sold more than 6 million devices to customers across 200 countries to date, according to this morning’s announcement. The company raised another $108 million in March this year at a flat $1.5 billion valuation.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

Visited 155 times, 1 visit(s) today