Block Fills – a digital asset trading and fintech company – has joined hands with a firm known as TPAC Capital to offer institutions an opportunity to invest in crypto products.
Block Fills Partners with TPAC
The decision comes at an odd time given that the crypto bloodbath is in full swing. In what is rather reminiscent of behavior witnessed in 2018, the prices of bitcoin and many other leading digital assets are sinking into perdition as we speak, with bitcoin now down roughly 70 percent from its all-time high in November of last year (it was trading for just shy of $69,000 then). How ironic that in 2018, the currency was also down 70 percent from the $20K high it reached at the end of 2017.
In addition, it has been said that institutions are potentially harming the crypto industry in many ways, and that retail investors are somehow part of a stronger force keeping the industry stable, or during times like these, “stable enough.”
In any case, Block Fills is only one of a few trading firms out there offering crypto-structured product options. Banks, hedge funds, and other financial institutions who are clients of Block Fills can now take part in these investing opportunities and garner exposure to the growing crypto sector.
Nick Hammer – co-founder and CEO of Block Fills – explained in a recent interview:
Institutions have sought increasingly customizable strategies to help maximize their cryptocurrency investments while hedging against or capitalizing on market volatility. This structured product solution is our answer for these institutions. Combining TPAC’s 40-plus years of experience tailoring such solutions for volatile commodities with our best-in-class electronic trading technology solutions like Vision and Phoenix, institutions now have more customization and control over their cryptocurrency investment strategies.
Michael Ortiz – the founder of TPAC – also threw his two cents into the ring, commenting:
This integration with Block Fills will help shape the future of institutional digital asset and crypto trading. Now, with our customizable structured product solutions available, Block Fills clients can structure the right cryptocurrency investment solution that works for them, combining nonlinear and linear options on a case-by-case basis that will benefit their business and investment strategies.
A Little Background on These Companies
Block Fills was established in the year 2018 and was founded in the city of Chicago. It is arguably one of the fastest growing technology and crypto liquidity providers in the world. The company’s financial technology offerings already serve approximately 800 institutions throughout 50 countries at the time of writing.
TPAC is a swaps dealer that came about through the joining of Pack Creek Capital and Finance Michigan, Inc. The company is a leading enterprise when it comes to structured investment products, and the company focuses on providing exotic options to emerging markets like cryptocurrency.
