Use of Definitive's Trade Execution Platform Brings BlockFills Additional Order Flow from Asset Managers, Hedge Funds, VCs
CHICAGO and PUNTA PACIFICA, Panama, May 14, 2025 /PRNewswire/ -- BlockFills, a premier destination for digital asset trading and market technology leveraged by institutions and professional traders, and Definitive Finance, a leading institutional-grade on-chain trading platform, announced that BlockFills has deployed Definitive's advanced on-chain execution platform to enhance its automated trade execution capabilities on behalf of institutional and venture capital (VC) clients and expand the variety of tokens BlockFills can trade on behalf of its clients. The partnership brings new benefits to clients of both firms.
Patrick Zielbauer, Managing Director of Sales at BlockFills, said: "Definitive's platform gives us an incredibly powerful tool to offer clients – including asset managers, hedge funds and VC firms – the ability to smoothly and efficiently enter or exit an altcoin position or token while protecting their anonymity and minimizing market impact. As a result of the partnership, we're finding that even in the weeks since we deployed the platform, clients have brought more order flow to us, enabling them to take or exit from a significant position in even the most illiquid tokens, memecoins or other assets generally considered difficult to trade in nontrivial sizes."
Jai Prasad, Co-Founder of Definitive, said: "Our secure, robust infrastructure was developed by our highly experienced team members who have a deep understanding of not only the digital asset market and DeFi world, but traditional finance, technology and the needs of the institutional investors BlockFills serves. Similar to what BlockFills does for clients in centralized finance (CeFi), our platform uses sophisticated trade algorithms that aggregate liquidity across liquidity pools on multiple chains and optimize trades to leverage the deepest liquidity, minimize price impact and achieve superior execution for on-chain transactions. While our platform is enhancing BlockFills' capabilities offered to its clients, our clients and prospects that require access to deep OTC liquidity in the spot, derivatives* and lending markets can turn to BlockFills to augment and enhance their on-chain trading activities."
Zielbauer said the Definitive interface is the best he's seen for on-chain trading and DeFi. He anticipates BlockFills will bring additional offerings to the market through the partnership, further enhancing its appeal to a customer base focused on on-chain trading and simultaneously providing Definitive clients access to BlockFills' robust suite of risk management products including options*, forwards* and perpetual swaps* for the digital asset markets. Definitive offers decentralized finance (DeFi) liquidity aggregation of more than 100 decentralized exchanges (DEXs), liquidity pools and off-chain primary market makers (PMMs)/dark pools across Solana and the Ethereum Virtual Machine (EVM) chains. An EVM is a decentralized computation engine that executes smart contracts on the Ethereum network. Advanced order types on the low-latency platform that are rarely seen in DeFi include time-weighted average price (TWAP), limit and stop order algorithms.
About BlockFills
Not just another liquidity provider, BlockFills offers spot and derivatives* trading across a diverse range of digital assets, complemented by a proprietary technology stack that is as robust as it is flexible. Led by a veteran team, BlockFills enhances the digital asset trading experience for institutions and professional traders with white-glove service and an agency approach for trusted, secure access. Forged connections within an extensive network provide unparalleled access to global markets, and time-tested infrastructure is enriched with the spirit and innovation of the digital asset revolution. Additionally, BlockFills software licensing solutions simplify all aspects of the digital asset trade lifecycle. For more information, visit www.blockfills.com.
About Definitive:
Definitive is the leading institutional-grade on-chain trading platform trusted by funds, over-the-counter (OTC) firms and other institutions for advanced trade execution in decentralized finance (DeFi). Its non-custodial, institutional-grade infrastructure supports multi-chain trading on EVM chains and Solana, offering advanced order types with automated post-trade reporting, order flow masking, role-based permissioning and other advanced features. Its off-chain smart order router is integrated with 100+ on-chain liquidity venues and off-chain PMMs to deliver superior execution quality. In the past 12 months, more than 2.5 million transactions and $1.4 billion in notional volume have traded on the platform. More than 85,000 funds, institutions and professional traders have onboarded the Definitive platform. For more information, visit www.definitive.fi.
*Derivative Products available to Qualified Counterparties Only. For US Persons, client is an Eligible Contract Participant ("ECP") as defined in Section 1a(18) of the Commodity Exchange Act and related guidance. Non-US Persons must qualify as an Eligible Professional Client. BlockFills only provides services to customers resident in the UK who fall within an exemption available under the UK financial promotion regime (Investment professionals, High net worth individuals, High net worth companies, unincorporated associations etc. Certified sophisticated investors.
SOURCE BlockFills; Definitive Finance
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