The organisations have partnered to push forward a new trading solution around cryptocurrencies and other assets. This is a move in a trend known as decentralised finance, or "DeFi".

Hong Kong-based Level01 Technologies and fellow Asian firm AGDelta have entered a partnership to integrate a platform and digital wealth network, building a peer-to-peer derivatives trading offering for cryptocurrencies and conventional assets such as major foreign exchange currency pairs and commodities, this publication can exclusively report.

The development is an example of the kind of technologies building up around cryptocurrencies in Asia and other parts of the world. In particular, it is an example of a phenomenon called decentralised finance, or "DeFi", to add another acronym to the investment vocabluary.

The platform is based on the distributed ledger technology, Blockchain, and resides on the Ethereum network. Since its pre-launch on 10 August, more than 2,000 clients have signed up.

The organisations said yesterday in a statement that the partnership will enhance the investment products and liquidity of this market. The partnership blends Singapore-based AGDelta’s distribution capabilities for the buy-side and Level01’s speciality in decentralised derivatives trading. (WealthBriefingAsia has sought further information about the range of assets that can be traded, and will update in due course.)

AGDelta serves private and public investments to private banks, asset managers, family offices and tech-driven challenger banks. Level01 Technologies is a licenced DeFi P2P derivatives trading platform. Explaining how its peer-to-peer trading service works, Level01 said on its website that it “created proprietary algorithms to aid in the pricing of options and derivative contracts”. The platform strips out the “middleman” but enables safe trading without default consequences.

“Our latest partnership with AGDelta will allow us to extend our P2P and alternative financing arrangements through its clientele, combined with enhanced digital wealth and distribution capabilities to the Level01 Ecosystem,” Jonathan Loi, founder of Level01 Technologies, said. “We believe that this will lead us to greater transparency, efficiency, flexibility and enhanced liquidity for capital markets products offered by our DeFi trading platform.” 

“We welcome Level01's unique offering to our network and strongly believe this will be the region's first industrial strength platform to cater for the convergence between conventional securities and digital securities and how they are traded,” Andrew Au, CEO of AGDelta, said.