iHodl.com
Main page News, Startups, Crypto Market, Smart contracts, DeFi
Hot topic
May 2, 2023

Cryptocurrency startup Tristero, backed by General Catalyst and Steel Perlot, is seeking to raise $4.8 million to build a new trading solution called dark pool to facilitate large trades without moving prices.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

As per a report from Axios, the startup wants to build a decentralized version of dark pools to make it trustless. Tristero boss, Sam Trautwein, said in an interview that decentralized dark pools "is one of the few areas where something that works in crypto is definitively technically superior to its equivalents in TradFi."

Hacker Steals $7M from DeFi Protocol Hundred Finance

Tristero will build smart contracts to facilitate the closing of large buy or sell orders once there's a counterparty willing to take the trade, the report notes. Even though a release date wasn't disclosed, Trautwein said the startup will roll out the decentralized version of dark pools later this year.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.