Institutional trading firms and investment platforms are increasingly turning their attention to Solana, a high-performance blockchain platform that has gained significant traction in the cryptocurrency market. This shift in focus is driven by several key factors that may make Solana an attractive proposition for institutional investors. BlockFills, for our part, has seen an increased degree of interest in SOL-native projects, as well as SOL itself, from our hedge fund clientele. Solana’s execution speeds and low-cost transactions make it a formidable competitor.
Common Requests we receive at BlockFills:
1) How can I strategically reduce the risk of adverse price movements while maintaining upside potential?
Example: “I have a mandate to tactically hedge SOL price risk, can you help?”
2) What solutions do you recommend to mitigate exposure to projects or applications built on the Solana blockchain?
Example: “Our PMs got overexcited trading Politifi memes on Jupiter, Raydium, and Telegram. How can we hedge against the whole ecosystem?”
For qualified clients*, BlockFills’ sophisticated and highly experienced OTC options desk facilitates complex execution needs for institutional clients 24/7 on outright options, spreads, collars, multi-leg structures, and more. As these markets become more liquid within our ecosystem, accessibility to more diverse ranges of strikes and expirations, and making entering and exiting a position potentially more efficient is crucial. BlockFills’ rapidly developing SOL ecosystem has become the mechanism through which hedgers and speculators meet. The resultant liquidity can make expressing a point of view through the BlockFills platform less costly than on a retail venue or CEX.
We at BlockFills are proud of the Solana-based ecosystem we have constructed. Our teams are experienced, sophisticated, and nimble. We believe in Solana as an institutional investment, and our ever-expanding product depth and breadth evidences that belief.
Access the following services as a qualified* BlockFills client:
• Spot Trading: Access SOL via either of our two streaming platforms, FIX or WebSocket APIs, or our OTC desk.
• OTC Options*: Qualified clients can trade SOL options in large sizes on an OTC basis. We are starting to see some very interesting flows in SOL options. It has taken some time for this interest to develop but this vertical is in full swing at BlockFills.
• Dated Forwards*: Yes, we are in the Solana basis trading business! We are fielding interest from qualified clients looking to deploy cash-in basis trading strategies beyond ETH and BTC. Tenors are shorter for the moment – weeks to a month, but this market is gaining steam and should become much more robust.
• Swaps*: BlockFills offers swap contracts that feature once-a-day funding rate snapshots with 90 minutes’ notice – unmatched anywhere in the space.
By partnering with BlockFills and leveraging our suite of SOL-based financial instruments, institutions can position themselves to capitalize on Solana’s potential while attempting to mitigate downside risks. Through innovative product development with a focus on security and capital efficiency, BlockFills continues to contribute to the overall maturation and stability of the market.
*For Qualified Clients Only. *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. The information in this email is not to be construed as an offer to sell or a solicitation or an offer to buy contracts for difference (CFD), cryptocurrencies, futures, foreign exchange, or options on the aforementioned. All information contained herein is believed to be accurate, Reliz Ltd makes no representation as to the accuracy or completeness of any data, statistics, studies, or opinions expressed and it should not be relied upon as such. The risks of trading can be substantial. Each investor must consider whether this is a suitable investment. Before trading one should be aware that with potential profits there is also potential for losses that may be very large. Contracts for difference (CFD), cryptocurrencies, futures, foreign exchange, and options trading is highly speculative in nature and involves substantial risk of loss and is not appropriate for all investors. Those acting on this information are responsible for their own actions. Past performance is not indicative of future results.