Prime digital asset broker BEQUANT has announced that it will launch a decentralized finance (DeFi) platform for institutional clients in collaboration with digital asset custodian and settlement firm Fireblocks.
BEQUANT, a Malta-registered digital prime broker, says the new solution is the industry’s first DeFi platform for institutional users, enabling clients to cross-margin across decentralized and centralized trading platforms and improve their ability to execute arbitrage opportunities.
Uniswap is the first DeFi protocol available through BEQUANT’s DeFi solution, but the company claims that other decentralized exchanges will be integrated in the near future.
Uniswap is an automated liquidity protocol implemented through a system of non-scalable smart contracts on Ethereum. BEQUANT users will be able to access merchant order books using Uniswap, with other protocols supported as the service expands.
BEQUANT CEO and Founder George Zarya said, “DeFi presents some of the most exciting trading opportunities in the space. Bridging the gap between CeFi and DeFi within our ecosystem will be a game-changer for the market.
“Our portfolio margin services combine all centralized and decentralized sites. We recognize that institutions are moving in this direction and striving to be at the forefront of new advancements in digital asset trading markets.
BEQUANT offers an ecosystem of services for institutional users, claiming to be a “true one-stop-shop solution in the world of digital assets. It offers direct market access to multiple trading platforms for its approximately 150 institutional clients, as well as simplified know-your-customer (KYC) and compliance checks.