Uphold, a prominent web3 financial platform, has recently made a significant move by integrating its institutional OTC trading platform, Uphold Ascent, with Talos, a leading provider of institutional digital assets trading technology. This integration marks a crucial step towards enhancing liquidity access for institutions and expanding their reach in the digital asset space.
The collaboration between Uphold and Talos brings a plethora of benefits to institutions leveraging the Talos platform. Through Uphold Ascent's execution services, institutions now have access to a wide range of digital assets, totaling more than 280 options. This access to Uphold's deep liquidity pool enables institutions to execute trades efficiently and securely, catering to their unique needs and high standards.
Bob O'Brien, Head of Institutional at Uphold, expressed his enthusiasm about the partnership with Talos, emphasizing Uphold's commitment to offering top-tier trading infrastructure for the dynamic digital asset market. By integrating Uphold Ascent into the Talos network, institutions can tap into a network of 30 trading venues, including both centralized and decentralized exchanges, as well as L2 blockchains, ensuring access to some of the deepest liquidity pools in the digital asset ecosystem.
On the other end, Daniel Packham, VP and Head of EMEA Operations at Talos, highlighted the significance of making Uphold Ascent's deep liquidity available to Talos clients. The focus on premier liquidity sources and the abstraction of trading complexity are central to the shared vision of Uphold and Talos in advancing the digital asset trading landscape for institutions.
The Talos trading platform serves as a crucial link connecting large investors to key players in the digital asset ecosystem, such as exchanges, OTC desks, prime brokers, lenders, and custodians, through a unified interface. The partnership between Talos and Uphold underscores their mutual dedication to providing institutions with seamless access to liquidity and facilitating efficient execution of large orders in a secure environment.
Christopher Siedentopf, Global Head of Sales of Institutional at Uphold, emphasized the vital role of liquidity access in navigating the rapidly evolving digital asset landscape. The integration with Talos represents a significant milestone in enabling institutions to tap into deep liquidity pools, empowering them to execute transactions efficiently and securely.
Uphold, renowned as the Best Crypto Exchange in the UK by Forbes Advisor, is dedicated to simplifying access to a wide range of crypto tokens for its more than 10 million customers across 140 countries. Uphold's innovative "Anything to Anything" interface facilitates seamless transitions between digital assets, national currencies, and precious metals, while smart order routing across 30 trading venues ensures optimal execution and superior liquidity.
Regulated by authorities in the U.S., UK, Canada, and Europe, Uphold maintains 100% reserves and never loans out customer assets, ensuring transparency and security for its customers. Uphold Institutional, through its OTC platform Uphold Ascent, offers tailored execution services for institutions, providing a secure and efficient trading environment for large-scale transactions backed by market research and insights.
In contrast, Talos specializes in providing institutional-grade technology that supports the full digital asset trading lifecycle. With a focus on liquidity sourcing, price discovery, trading, settlement, lending, borrowing, and portfolio management, Talos streamlines the trading process for institutions, mitigating intermediary risks and facilitating best execution.
In conclusion, the integration of Uphold Ascent with Talos represents a significant milestone in the digital asset trading landscape, offering institutions enhanced access to liquidity and efficient trading solutions. The collaboration between Uphold and Talos underscores their shared commitment to advancing institutional trading practices in the evolving digital asset space.
