Talos, a digital trading infrastructure provider, has entered into a collaboration with Uniswap and Fireblocks to facilitate the connection of institutional traders with the decentralized finance (DeFi) ecosystem.
According to a press release from Uniswap on Thursday, Talos’s clients will have the ability to utilize the protocol’s trading APIs to access trading for thousands of tokens in their familiar Talos order book format.
Upon implementation, Talos clients can execute orders on Uniswap using its time-weighted average price (TWAP) algorithm, a widely employed price oracle mechanism designed to mitigate short-term price manipulations.
This integration aims to enable Talos’s strategies to seamlessly interact with both centralized and decentralized liquidity venues, ultimately assisting in achieving optimal execution.
Anton Katz, CEO and Co-Founder of Talos, expressed:
“At the cornerstone of the DeFi ecosystem, Uniswap has the breadth of assets and depth of liquidity that institutional traders need… Together, we share a vision of making digital assets more accessible in a financial marketplace that’s more open.”
Uniswap, recognized as the world’s largest decentralized exchange (DEX) and liquidity venue, currently holds $3.6 billion in Total Value Locked (TVL), as per DeFiLlama.
Simultaneously, Fireblocks stands as one of the world’s premier crypto custodians and will be responsible for handling digital assets on behalf of institutions that also utilize Talos SAAS products to streamline the trading process.
Connecting TradFi with DeFi
In August, Katz emphasized the necessity for improved infrastructure in the crypto space to entice Wall Street investors to engage with the asset class. He described his company’s role as building the “piping” between financial firms and crypto liquidity, utilizing tools that the former is already familiar with.
“It’s not a very sexy thing to say with investors, but that’s how we think about it,” he stated at that time.
Fireblocks has similarly been addressing analogous needs for traditional infrastructure in the crypto sphere. In 2021, the firm notably collaborated with BNY Mellon to secure and hold Bitcoin (BTC) and Ethereum (ETH) on behalf of its customers.
The company has been a longstanding supporter of Uniswap via retail connectors, with its customers having already deployed $6 billion into the protocol.
Uniswap took a significant step forward last month by launching its official Android mobile wallet app, enabling users to conduct token swaps while on the move.
Michael Shaulov, CEO and Co-Founder of Fireblocks, expressed the company’s commitment to maintaining a leading position in providing enterprise-grade technology. He also conveyed pride in collaborating with Talos and Uniswap to offer a crucial point of entry to a substantial source of liquidity.