Tassat and Blockfills Partner to Create Bitcoin Trading

Tassat and Blockfills Partner to Create Bitcoin Trading

A provider of financial technologies and various asset products known as Tassat and a digital asset market maker known as Blockfills partnered up to launch an institutional Trade at Settlement (TAS) product for spot Bitcoin (XBT/USD) as a source from BusinessWire confirms.

This product will allow organization to release blockchain orders in Bitcoin at specific prices. TAS acts as an order book and is notorious in the derivatives market. This allows users to have less uncertainty while trading as Tassat would have a strong Bitcoin reference. Blockfills will take care of the execution of the orders and their matching.

Josh Gibson, Director of Sales, Tassat said: “TAS provides a way to offset the risk of price movements on their futures positions and/or rebalance the gamma on option positions with no risk of excessive slippage. With the growth of digital asset derivatives, participants of all kinds will need new and efficient ways to hedge their positions.”

Neil Van Huis, Director of Sales and OTC Trading at Blockfills said: “Our goal at Blockfills is to establish a global digital asset trading and prime brokerage solution to help fuel innovation and institutional adoption of digital assets. This new TAS product will complement our existing offering of digital asset products and we look forward to leveraging on our already well- established partnership with Tassat."

Michel Finzi, Chief Commercial Officer, Tassat said: “We are very excited to be partnering with Blockfills to bring an important and proven execution methodology from the traditional markets to the growing digital asset marketplace. We design our reference rate products to be configurable so that they can be used for innovative products such as TAS and ultimately play a central role in the digital asset trading ecosystem.”

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