BlockFills to utilize Seed CX subsidiary Zero Hash to settle crypto trades

BlockFills to utilize Seed CX subsidiary Zero Hash to settle crypto trades

Zero Hash, a digital asset and fiat currency custodian, calculation agent and settlement service, today announced that the electronic digital liquidity provider BlockFills has agreed to use Zero Hash to settle its OTC trades.

In March, Zero Hash launched a suite of over-the-counter (OTC) trade settlement services for digital assets, is a BitLicense holder, a FinCEN-regulated Money Service Business, as well as a Money Transmitter in over 30 states.

BlockFills is one of the largest OTC digital assets groups globally, which sources liquidity from the world’s largest non-bank trading institutions and matches clients to the best available price, providing market participants with OTC electronic cryptocurrency liquidity across multiple time zones and geographies.

“We’re very excited that BlockFills is now allowing its counterparties to settle their digital asset transactions using Zero Hash. Zero Hash has been designed from the ground up to settle trades between OTC dealers and their clients in a highly secure, regulated and automated manner, which is perfect for BlockFills and its marketplace.”
– Brian Liston, Seed CX co-founder and President of Zero Hash

The partnership between Zero Hash and BlockFills marks the first relationship to use the Zero Hash-TradAir integration.

BlockFills has leveraged TradAir’s technology to operate its electronic communication network since mid-2018. Zero Hash recently integrated with TradAir to provide instant access for its clients to Zero Hash to settle their digital asset transactions.

“As a global provider of institutional liquidity, compliant and efficient settlement is critical to BlockFills. Zero Hash has quickly proven itself the leader in post-trade settlement, and so it was a natural to integrate with their solution, and roll it out to our clients.”
– Nick Hammer, CEO of BlockFills

Zero Hash and BlockFills have already begun rolling out the combined solution to shared clients.

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