BlockFills, the provider of digital asset trading technology and liquidity solutions, has announced a strategic integration with Centroid Solutions' institutional-grade connectivity platform, Centroid Bridge.

This collaboration aims to provide brokers and institutional clients with a centralized environment for price management, execution, comprehensive reporting, and BlockFills' round-the-clock digital asset liquidity access.

BlockFills Partners with Centroid Solutions to Enhance Digital Asset Trading

The integration of BlockFills' liquidity offering with Centroid Bridge addresses the needs of brokerages by directly connecting these services to clients' trading platforms. Their partnership eliminates the requirement for multiple verticals to conduct operations, providing a cost-effective and efficient solution for clients who prefer to connect through a bridge platform.

"Our clients now have access to a panoramic ecosystem that supports their business evolution swiftly and without restrictions or added processing fees,” Nick Hammer, the CEO of BlockFills, commented. “The integration dispenses universal connectivity and execution, as well as 24/7 access to BlockFills' liquidity."

BlockFills is fully integrated with Centroid Bridge to provide 24/7 digital asset liquidity
BlockFills announced a full integration with Centroid Solutions' Centroid Bridge, providing 24/7 digital asset liquidity.

— DexBot (@dexbot) April 18, 2024

BlockFills' liquidity provision benefits a diverse clientele, including OTC desks OTC Desks Over-the-counter (OTC) desks facilitate the trading of securities that are unlisted on a formal exchange due to various reasons. This can encompass many different asset classes, most notably cryptocurrencies.Often times, due to economies of scale, smaller companies are unable to comply with the listing requirements of formal exchanges or reconcile large fees required by the big industry players. In this scenario, OTC trading desks play a major role, enabling Peer-to-Peer (P2P) crypto trades thro Over-the-counter (OTC) desks facilitate the trading of securities that are unlisted on a formal exchange due to various reasons. This can encompass many different asset classes, most notably cryptocurrencies.Often times, due to economies of scale, smaller companies are unable to comply with the listing requirements of formal exchanges or reconcile large fees required by the big industry players. In this scenario, OTC trading desks play a major role, enabling Peer-to-Peer (P2P) crypto trades thro Read this Term, exchanges, payments firms, proprietary trading firms, and brokerages. The company's multi-asset technology platform addresses liquidity fragmentation issues in the marketplace, providing solutions for institutions in the digital spot, derivatives, and credit markets.

Centroid Solutions' CEO, Cristian Vlasceanu, noted that the collaboration enables their clients to gain access to a wide range of digital assets with deep liquidity, unlocking new opportunities in the digital asset space.

“Centroid Solutions takes a leap forward into the crypto market with the integration of BlockFills as a new cryptocurrency liquidity provider,” he added.

Over the past few years, BlockFills has raised a considerable amount of capital from institutional investors, including a funding round in 2021 in which CME Group participated. Then, in 2022, the company secured an additional $37 million in a Series A funding round, accumulating a total of $44 million since its inception in 2018.

Centroid's Recent Strategic Partnerships

The collaboration with BlockFills is just one of the latest partnerships announced by Centroid Solutions.

Two months ago, Finalto Asia bolstered its presence in the Asia-Pacific region by partnering with Centroid Solutions. By leveraging Centroid's Bridge Connectivity Engine and Finalto's liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term services, this alliance aims to deliver innovative and client-centric solutions that elevate the trading experience for Finalto Asia's clients.

Centroid Solutions further expanded its offerings to multi-asset brokers through a partnership with TransactCloud towards the end of last year. This collaboration provides round-the-clock operational support and system interoperability services, significantly enhancing Centroid Solutions' capabilities.

In October, Centroid Solutions announced a partnership with Skale, a CRM provider, that is pre-integrated with leading trading platforms, payment service providers, KYC tools, and business intelligence tools in the FX market.