Qredo Announces the Beta Launch of Its Liquidity Hub

Qredo, a decentralized digital asset management infrastructure provider, has announced the launch of its Liquidity Hub, a public forum purpose-built for financial institutions to trade via cross-chain atomic swaps.

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According to the company, the hub enables traders to make swaps over-the-counter between different cryptoassets — such as bitcoin and ether —  without needing to trust third parties, custodians, or complex mechanisms such as wraps and pegs.

With the beta launch, traders can now officially start experimenting with peer-to-peer transactions that allow control of assets to be retained at all times.

Further, traders can enjoy multiple benefits by trading directly from within their Qredo Wallet, including instant no risk settlement, inbuilt digital asset governance and reporting, range of cryptoassets, economical fees and best execution.

"For too long, peer-to-peer trading has been restricted to individuals, while institutions — which stand to gain the most from eliminating counterparty risk — have been left on the sidelines", said Qredo CEO Anthony Foy. "The beta launch of the Liquidity Hub gives institutions the first taste of the granular governance control that can allow them to benefit from instant cross chain settlement."

In the final release, the Liquidity Hub will enable private peer-to-peer trading via decentralized dark pools. Traders will be able to create their own rooms where trades cannot be observed prior to execution.