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This communication is sent on behalf of RDX Works and details a set of products and services that RDX Works is in the process of developing in cooperation with a number of institutional and ecosystem partners.
TLDR:
- RDX Works has entered a strategic development partnership with three leading crypto market makers Keyrock, G-20, and Portofino.
- With "Flash Liquidity", market makers can offer liquidity across a wide variety of assets in the Radix DeFi ecosystem without requiring upfront inventory on-ledger, improving token liquidity, lowering slippage, and increasing trading efficiency across decentralized venues.
- This development positions Radix as a powerful platform for retail and institutional traders in DeFi markets, bridging the gap between DeFi and centralized exchange liquidity.
RDX Works has entered a strategic development partnership with Keyrock, G-20, and Portofino to introduce "Flash Liquidity" on Radix. This new DeFi primitive aims to improve token liquidity and asset availability within DeFi.
“Crypto liquidity in DeFi today is fragmented, with users having to go from wallet to wallet and chain to chain to trade. No wonder there are around 420m centralized exchange users and only around 5m DeFi users.
The goal of Flash Liquidity is to create a single DeFi location where the majority of crypto assets can be traded at CEX-like liquidity and pricing, but within on-chain ecosystems - bringing together all the benefits of non-custodial Web3 and centralized exchange liquidity in one platform.” - Piers Ridyard, CEO of RDX Works.
Flash Liquidity Development Partners
The development of Flash Liquidity on Radix is supported by industry-leading market makers Keyrock, G-20, and Portofino. Working with these market makers not only supports the development of Flash Liquidity on Radix, but helps to open doors to some of the world's largest institutional players.
Keyrock
Keyrock is a crypto market-making and liquidity provision firm supported by notable industry players, including Ripple, SIX Fintech Ventures, and Middle Games Ventures, among others. Founded in 2017 in Brussels, Keyrock offers services like on-chain liquidity provision, market making, OTC, and venture investments. They are active on 85+ trading venues and are well-known for their extensive collaborations with leading Web3 industry giants such as Binance, HTX, Kraken, and Crypto.com, to name only a few.
“While intent based trading on other platforms, like COW Swap, is growing quickly, our analysis shows that the diversity of traded assets remains small. Without the ability to cross-margin in the way that Flash Liquidity enables, market making effectively using intents is highly constrained. With the invention of Flash Liquidity this constraint is removed, and finally we can start to see DeFi liquidity and asset diversity start to really compete with centralized venues. We are excited to join RDX Works on this journey.” - Juan David Mendieta, CSO of Keyrock.
G-20
G-20 is a leading market maker in the crypto space, renowned for its innovative strategies and strong industry connections. Active on over 60 crypto exchanges and a wide range of on-chain venues and protocols, G-20 ensures comprehensive market coverage.
The firm partners with more than 50 token projects and serves hundreds of other clients, providing essential liquidity to token issuers, exchanges, and OTC counterparties. G-20 delivers liquidity across all instrument types including: spot, futures, and options.
“DeFi holds tremendous promise for the future of crypto markets, but the success of any market relies on efficient price discovery and seamless trading. History has shown that liquidity consistently gravitates toward the most efficient marketplaces. Radix's innovative solutions offer a promising path to achieving this efficiency, enabling price discovery independent of centralized exchanges—something DeFi has yet to fully realize. The G-20 team is excited to contribute to this groundbreaking project and to be part of the journey towards creating more efficient crypto markets." - Dr. Nagendra Bharatula, Founder of G-20.
Portofino
Portofino Technologies is a global market maker in digital assets. Standing at the forefront of innovation, it brings unparalleled expertise and advanced technology to web3 disruptors and is dedicated to driving the evolution of digital markets, empowering traders, and enhancing the overall stability and growth of the digital asset ecosystem.
Portofino provides deep liquidity on exchange and OTC on 100+ tokens to institutional clients and is a member of the Financial Services Standards Association (VQF), and is registered with the UK FCA and the BVI Financial Services Commission under the Virtual Assets Service Providers Act.
"Portofino has always striven to be at the cutting edge of liquidity provision in the crypto markets. We believe that Flash Liquidity represents the next era of what is possible in creating liquid token markets directly within DeFi. We are incredibly pleased to be supporting the development of this system and are excited to see what this means for the future of decentralized trading.” - Leonard Lancia, Founder of Portofino.
Securing partnerships with these three major names in Web3—Keyrock, G20, and Portofino —is a powerful affirmation that Radix is on the right path with Flash Liquidity. Their involvement not only brings invaluable expertise and credibility but also serves as a strong vote of confidence in Radix.
What is Flash Liquidity?
To learn about Flash Liquidity in depth, check out: Flash Liquidity: A Game-Changer for Radix DeFi
Flash Liquidity is designed to improve liquidity on DeFi trading platforms without requiring market makers to provide upfront inventory. This development is a game changer in how assets are traded on decentralized exchanges. Instead of needing to pre-fund positions using on-ledger inventory, approved market makers like Keyrock, G20, and Portofino can offer liquidity on Radix by moving inventory only after a trade is executed.
By integrating Flash Liquidity, market makers can execute trades and provide liquidity on-demand, reducing slippage and broadening the range of tradable assets. Another advantage resulting from the integration of Flash Liquidity is that Radix DEXs can offer much deeper liquidity and lower slippage - even when compared to centralized exchanges.
This approach follows the well-established practice in traditional finance of “post-trade settlement” but is radically different from how decentralized trading venues are currently managing liquidity. Currently, token inventory must first be on the ledger before being offered on a DEX, resulting in limited availability and liquidity depth in each ecosystem. In contrast, Flash Liquidity removes this constraint, increasing the amount and depth of liquidity and breadth of token types that can be offered across Radix DeFi marketplaces.
Flash Liquidity is positioned to become a cornerstone of the Radix DeFi ecosystem and the entire DeFi ecosystem. It will significantly benefit users trading on Radix due to reduced costs, massively expanded asset availability, and improved trade flow. This positions Radix to become the preferred trading venue for crypto enthusiasts and institutional counterparts looking to diversify their trading venue mix and increase exposure to opportunities at the cutting edge of decentralized finance.