Zilliqa blockchain aims to boost ZIL liquidity with FXCH via $10M SWAP facility

2021-6-17 19:18

In a move to boost the liquidity of its native ZIL token, the team of blockchain platform Zilliqa, today announced it has partnered with the Foreign Exchange Clearing House (FXCH), a member-based utility for institutional spot FX clearing that leverages blockchain tech to offer settlements with full transparency.

FXCH will make ZIL funds available with credit lines to various liquidity providers and institutional traders using an FX SWAP facility. SWAPs are a loan product of choice for treasurers and traders; looking for ROI from trading assets without taking market risk.

This short-term loan product from FXCH offers three different maturities:

Overnight 1 week 2 weeks

“This is the first time financial institutions are offered such a SWAP option with a leading altcoin. Striving to deliver the best liquidity options to our customers, we’re proud to work with Zilliqa’s experts, and support liquidity for a token reputed for its technological value proposition and impressive project ecosystem. We have no doubt that the market response from our institutional clients will be extremely positive.”
– Franck Mikulecz, Founder and CEO of FXCH 

Investment funds, family offices, and institutional traders interested in borrowing ZIL to trade on FXCH can register using this link.

“FXCH expertise in FX markets is unparalleled. We are glad to partner with them on a product that is at the core of traditional markets but still emerging in the crypto space. This new loan product will help make ZIL more accessible for institutional investors and boost our liquidity.”
– Amrit Kumar, President and Chief Scientific Officer, Zilliqa

The post Zilliqa blockchain aims to boost ZIL liquidity with FXCH via $10M SWAP facility appeared first on CryptoNinjas.

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