FLUID, the ultra-low latency liquidity aggregator that uses AI quant-based models to tackle inefficient fragmented liquidity in virtual asset markets, has raised $10 million in funding led by prominent blockchain investors GSR and Ghaf Capital. The funding will aid the team in realizing their vision for connected liquidity; providing users access to the best real-time pricing, and liquidity for smaller venues such as exchanges, by lowering spreads and latency.
FLUID intends to significantly disrupt the way liquidity works in the blockchain and cryptocurrency space. Its proprietary smart order book offers high throughput at ultra-low fees and minimal latency by using machine learning and quantitative-based methodologies used in the high-frequency trading world.
The team is led by seasoned ex-bankers and fintech experts from Bank of America, Goldman Sachs, BlackRock, and Jefferies. FLUID aims to tackle inefficiencies caused by fragmented liquidity – a multi-trillion dollar market problem in the virtual assets space – and will enhance liquidity across spot trading, derivatives, futures, synthetics, tokenized assets, and security token offerings. Becoming the future of liquidity aggregation will resolve this issue, benefiting DeFi, CeFi, NFTs, and other tokenized assets across retail and institutional verticals.
“We are delighted to have the backing of top institutional investors, partners, and the involvement of a world-class dedicated team to build our AI quant-based crypto liquidity aggregation system. The current technology used to aggregate virtual liquidity is many years behind that used by mainstream hedge funds and trading desks at traditional financial institutions, leading to high fees and high latency in the crypto industry. FLUID will transform the virtual assets industry by solving a number of combined challenges that arise from fragmented liquidity which remain unresolved today. In effect, we provide retail and institutional investors access to a secure, robust framework for participation in the virtual assets market,” said Ahmed Ismail, President & CEO, FLUID.
FLUID’s AI quant-based engine is the system’s core and is being developed by FLUID’s CTO, Jason Jiang, who has over 23 years of experience at Goldman Sachs and BlackRock with focus on creating quant-based high-frequency models for trading on liquidity aggregators in traditional finance and recently digital markets.
FLUID is aiming to launch in May of this year. To learn more about FLUID please visit www.fluid.finance.
Korea's premier crypto and blockchain event, Korea Blockchain Week, saw crypto enthusiasts from around the world converge in Seoul for inspirational keynotes, panel discussions, pitch competitions, investor meet-ups, and world-class networking opportunities.
The year 2021 was unquestionably a turning point for the cryptocurrency industry, with Bitcoin repeatedly reaching its record high, albeit with some significant losses. Ethereum, the second-largest cryptocurrency by market capitalization, experienced some of this too, as it climbed to its highest price yet.
The crypto industry is constantly evolving, but there are still some challenges that it has to tackle for institutional adoption. Crypto exchanges do have issues, many of which can ultimately hurt users.
The recent decline in the cryptocurrency market has shocked many, including seasoned professionals. The phrase "DeFi Summer" is developing meaning in 2022, 180 degrees out of sync with the heady times that gave rise to the phrase just two years prior.
This week’s FLUID Live featured FLUID’s CEO and President, Ahmed Ismail, and Head of Marketing and Communication, Matias Jeldrez, who addressed our community’s queries regarding the TGE and FLUID Rewards.
A stablecoin is a cryptocurrency whose value is linked to another asset class, such as a fiat currency or gold, to stabilize its price.
Take part in the following activities and claim tickets 🎟🎟 towards your stake in the FLUID token pool 🥳🥳🥳.
Liquidity aggregation is not a new concept in the financial industry. On the contrary, it has been used as a solution to tackle fragmented liquidity for many years across conventional financial systems.
Over the last decade, artificial intelligence has snowballed, and no business or industry today is immune to its influence and pervasiveness. This is more evident in the financial services industry, which is constantly evolving and realizing that AI is a transformational technology.
The DeFi industry has the potential to disrupt the TradFi industry by using blockchain-based applications and services to replicate banking, investing, and trading activities. Many TradFi services already have a DeFi counterpart, and more are on the way.
Blockchain-based technologies have surged in popularity over the years. Time and time again, efforts have been made to promote awareness of this relatively new phenomenon. The decentralized finance (DeFi) sector is undeniably thriving, with the total value rising from $700 million in December 2019 to over $200 billion at the beginning of 2022.
The internet that we know today has traversed a long way since its inception. Web1, the first internet, had a physical infrastructure of cables and servers that allowed people and computers to communicate with one another. The ARPANET Network of the United States government sent its first message in 1969, but the web that we know today didn't exist until 1991, HTML and URLs allowed people to browse between sites.
Over the past 48 hours, the FLUID team has been closely monitoring the current climate and the impact FLUID can play in helping to reduce huge volatility in the face of black swan events such as the UST downfall.
FLUID has compiled a list of the most important headlines from the past couple of months, including Kraken's new operating license in Abu Dhabi, Ukraine's cryptocurrency legalization, and New York's two-year crypto mining embargo.
Despite Dubai's popularity as a trading epicenter, the UAE government has sought to transform the city into a global hub for digital asset trading. According to Bloomberg, the Dubai Multi Commodities Centre (DMCC), the UAE's largest deregulation zone, had built up an administrative structure for crypto companies in March 2021 and had already recognized 22 crypto-blockchain entities.
FLUID, the ultra-low latency liquidity aggregator that uses AI quant-based models to tackle inefficient fragmented liquidity in virtual asset markets, has announced it will integrate the LERC20 standard of Lossless to power its $FLD token with hack mitigation capabilities of detecting fraud, freezing fraudulent transactions, and reversing stolen funds.
The term liquidity has various financial meanings that are often used interchangeably and can be very confusing; it could refer to the ease of how an asset is exchanged for another without affecting the market price, how much liquidity a company holds, aggregating liquidity from different sources, or providing access to liquidity.
FLUID LP – FLUID’s DeFi solution – will utilize Polygon as its commit-chain to provide ultra-low transaction fees at speed.
Counterparty risk refers to the situation where one of the parties of the financial transaction fails to fulfill their commitments. In the traditional market, stocks, bonds, and derivatives carry counterparty risk.
Cryptocurrencies saw values soar in 2021 when some investors sought a haven from the inflationary pressures. Additionally, retail consumption spiked across the industry, with data revealing that global crypto use had increased by more than 880 percent last year.
FLUID is delighted to announce 🔥FLUID REWARDS 🔥 - the only way to secure your $FLD (FLUID’s Token) pre-TGE.
Trading technologies have evolved significantly over the years. The traditional finance trading technology evolved from a simple electronic order book to an ultra-fast, interconnected, AI-supported unified liquidity, allowing investors and institutions to facilitate advanced trading strategies.
Virtual assets are known for their volatility. Even though the virtual asset market is considered volatile, with the recent digital assets trading and investments boom, many institutional investors seek greater involvement.
As the DeFi industry exceeds growth forecasts, it has now significantly attracted more interest from financial institutions and regulatory bodies.
FLUID is the trading system that consists of an AI-based smart order routing protocol and cross-chain liquidity aggregator enabled by FLUID’s proprietary hedging pool providing high throughput at ultra-low costs, ultra-low latency, and zero counterparty risk.
Most present-day centralized crypto exchange platforms use custodial trading.
Liquidity is the measure of ease to which a cryptocurrency asset can be exchanged/traded into another crypto asset or fiat currency.
Regulation of exchanges and more broadly the infrastructure enabling the trading and exchange exchange of virtual assets has been a widely discussed hot topic that has over 2021 and 2022 graced many government bills.
It’s no secret that the crypto-verse moves at blazing speed with many projects finding success in disrupting the disruptors. So while DeFi protocols like yield farms and DEX’s were at a high last year, the flood of multiple similar platforms have prompted the rise of DEX aggregators like 1inch and 0x.