Ledger, the famous manufacturer of hardware wallets, has unveiled a novelty for institutional investors: Ledger Enterprise TRADELINK. This solution notably offers the possibility of benefiting from the liquidity of several brokers in one place.
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 bringing together access to several brokers on a single platform, in particular 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 traders to have access to a varied source of liquidity in one place, without having to make numerous transfers of fundsthus constituting a significant time saving in their operations.
In addition, this solution is customizable at will in order to adapt the work environment to the needs of each fund manager.
In addition, it also contributes to diversify counterparty risk by depositing assets with several players, rather than operating with a single custodian which could go bankrupt.
On his side, Ledger will not apply additional fees on transactions made. The company effectively describes itself as “a technology provider, not a financial intermediary“. In this way, TRADELINK is a free service for customers securing their digital assets using Enterprise Ledger.
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Activities beyond hardware wallets
Sébastien Badault, who worked for Alibaba, Google or even Amazon, and just named VP Revenue of the 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 give our institutional clients unparalleled flexibility and security. By developing more effective institutional trading solutions, we are empowering asset managers, custodians, and exchanges to navigate a future-oriented industry with confidence.”
Thus, Ledger is 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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