Key Points:
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’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.
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