Description
Formosa Financial developed a platform that seamlessly integrates cryptoasset custody, brokerage, and hedging services into a single, easy-to-use package aimed at institutions and individuals managing digital assets. Its Custodial Wallet offers a hyper-secure integrated cold and hot wallet vault with multi-signature architecture, partnering with industry leaders in cryptoasset custody and wallet management. Formosa Brokerage shards orders across multiple top-tier cryptoasset exchanges and online brokers to achieve best execution, managing both cryptoassets and fiat currencies in one account with fast wire access through banking partners. Its Hedge service integrates with LedgerX, a CFTC-regulated options exchange, leveraging an in-house quant team's pricing model to structure customized hedges such as call/put options to mitigate liquidity, market, and operational risks. The company has publicized partnerships and integrations with firms such as Polymath, BitGO, and Compound, positioning itself as a treasury management solution for crypto asset holders and blockchain-focused clients.