Talos – a digital trading infrastructure provider – has teamed up with Uniswap and Fireblocks to connect institutional traders to the decentralized finance (DeFi) ecosystem.
Per a press release from Uniswap on Thursday, Talos’s clients will be able to use the protocol’s trading APIs to access trading for thousands of tokens with their familiar Talos order book format.
Once launched, Talos clients can execute orders on Uniswap using its time-weight average price (TWAP) algorithm – a widely used price oracle mechanism designed to exclude short-term price manipulations.
The integration will allow Talos’s strategies to seamlessly interact with both centralized and decentralized liquidity venues and help achieve best execution.
Anton Katz, CEO and Co-Founder of Talos, stated:
“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 is the world’s largest decentralized exchange (DEX) and liquidity venue, currently boasting $3.6 billion in TVL, according to DeFiLlama.
Meanwhile, Fireblocks is one of the world’s premiere crypto custodians and will handle digital assets on behalf of institutions who also use Talos SAAS products to streamline the trading process.
Connecting TradFi with DeFi
Back in August, Katz spoke about the need for better infrastructure in crypto to attract Wall Street investors to the asset class. His company’s role, he said, is to build the “piping” between financial firms and crypto liquidity using tools 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 said at the time.
Fireblocks has been helping address similar needs for traditional infrastructure in crypto. In 2021, the firm famously partnered with BNY Melon to hold Bitcoin (BTC) and Ethereum (ETH) on behalf of its customers.
The company has long supported Uniswap visa retail connectors, and its customers have already deployed $6 billion into the protocol.
Last month, Uniswap rolled out its official Android mobile wallet app, allowing for token swaps on the go.
“We’re committed to remaining at the forefront of providing enterprise-grade technology and are proud to work with Talos and Uniswap to deliver an important point of entry to a significant source of liquidity,” said Michael Shaulov, CEO and Co-Founder of Fireblocks.