September 13, 2022

BlockFills Partners with Isla Verde Capital to Provide Carbon Offset and Renewable Energy Credit Markets to Global Crypto Mining Communities
The partnership answers the global crypto mining communities’ demand for sustainable options to offset carbon emissions produced from mining operations

CHICAGO–(BUSINESS WIRE)–BlockFills, a fast-growing global digital asset trading and financial technology company, announced its partnership with Isla Verde Capital to offer the global Bitcoin mining community and the broader crypto industry with carbon emissions offsets and Renewable Energy Credits (RECs). Isla Verde Capital is a global firm specializing in renewable energy and environmental attribute markets, and helps firms access renewable energy attribute markets such as carbon offsets, RECs, and IRECs for their environmental goals and commitments, including Bitcoin mining.

The new offering will solve a crucial challenge for mining enterprises, especially those that are publicly traded, to minimize or eliminate their mining operational carbon footprint. With this partnership, BlockFills and Isla Verde Capital directly answers this demand by offering one of the first environmentally sustainable Bitcoin Mining solutions for the North American and global mining community.

“Isla Verde Capital has proven to be a thoughtful and ambitious partner alongside BlockFills to help resolve a growing crypto mining industry challenge–miners are seeking sustainable solutions to their challenges in the energy industry, while also fighting public scrutiny over their consumption and carbon footprint,” said Neil Van Huis, BlockFills Partner and Director. “This partnership provides smart and sustainable options for them. Our commitment remains supporting qualified North American and global mining companies with market access, products, and services that they and other professionals and institutions demand in an ever-expanding market segment.”

BlockFills has provided strategic support for miners in North America and across the world since the firm’s founding in 2018. Miners have partnered with BlockFills to access BlockFills Pool, which is the only U.S. mining pool that is SOC 1 Type 2* Certified. Further, BlockFills helps miners facilitate bespoke execution, same-day transferring to fiat, collateralized lending services, hedging services, and more.

BlockFills currently serves over 900 enterprise and mining firms in North America and globally.

“We are excited to partner with BlockFills to help cryptocurrency miners, traders, and other participants find green solutions for their energy usage,” said Ronnie Virissimo, Isla Verde Capital Co-CIO. “The space is changing, and it is becoming more imperative that all groups, particularly those on the blockchain, are proactive about reporting on and lowering their carbon footprint, with greater potential for regulation and rules to be put in place. There are other benefits such as potential access to green financing and making the use of clean energy solutions a tool for better financing. We want to make sure these miners and traders are given access to the appropriate products.”

“We are excited to partner with BlockFills in bringing these sustainability products to the Bitcoin mining industry. BlockFills has been a leader in the space for a variety of initiatives, from hardware financing to balance sheet risk management, they’re an obvious choice for leading the way in offering sustainable mining solutions. We hope our partnership and offerings will be a tool for miners to reach for as the Bitcoin network moves ahead in its sustainability efforts,” said Nasser Mohsin, Isla Verde Capital Co-CIO.

“Since its inception, BlockFills has been a thought leader in servicing the Bitcoin mining community; from dark pooled spot market liquidity provision and USD loans for covering operating expenses, to equipment financing and managing risk around block rewards. In continuing our efforts to best serve Bitcoin miners and the broader crypto industry, BlockFills is proud to partner with Isla Verde Capital in bringing market access and education on Carbon Offset and Renewable Energy Credit products. We believe that providing market access to Carbon Offsets and REC’s will help the industry accelerate through the noise on Bitcoin Mining carbon intensity, and be well positioned for a future that is centered around environmental consciousness and sustainability initiatives,” said John Divine from BlockFills.

Based out of Chicago and founded in 2018, BlockFills is one of the fastest growing crypto liquidity and technology providers globally. Their digital asset technology is already serving over 800 institutional clients across 50 countries.

To reach BlockFills regarding business opportunities, please email trade@blockfills.com, or for more information, please visit www.blockfills.com.

About BlockFills

BlockFills is a disruptive financial technology firm dedicated to the provision of end-to-end solutions for global crypto currency market participants. The Company has successfully built and deployed a cutting-edge multi-asset technology platform that has solved major liquidity fragmentation problems in the marketplace. The platform provides price discovery, price aggregation, electronic order matching, smart order routing and trade reconciliation solutions for institutions in the digital spot, derivatives, and lending markets. In addition, BlockFills provides software-as-a-service (SaaS) solutions, designed to simplify all aspects of the trade lifecycle for institutions in the sector.

About Isla Verde Capital

Isla Verde Capital is a fund that began operating in 2021 with its founding partners combining more than 25 years of experience in the renewable energy and fuel markets. IVC boasts a global network of renewable energy project developers and operators, carbon offset project developers, and sustainability consultants. Through these connections, they bring their trading partners a broad spectrum of environmental attributes to achieve their sustainability targets while offering investors access to the growing environmental market space with an experienced management team.

RISK DISCLOSURE AND IMPORTANT INFORMATION

This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

All investing is subject to risk, including the possible loss of all of the money invested. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.

Contacts
Media Contact for BlockFills:
Michael Grimm, Reputation Partners
michaelg@reputationpartners.com

Contact for Isla Verde Capital:
ir@islaverdecapital.com

 

June 15, 2022

BlockFills Partners with TPAC Capital to Launch Cryptocurrency Structured Product Capabilities for Institutions
Partnership enables global institutions to leverage tailored cryptocurrency structured product solutions in their investment portfolios and offer such structured product solutions to their clients

CHICAGO–(BUSINESS WIRE)–BlockFills, a fast-growing global digital asset trading and financial technology company, today announced its partnership with TPAC Capital, LLC (“TPAC”) to offer institutions with cryptocurrency structured product solutions. TPAC is the cryptocurrency joint venture of Pack Creek Capital, LLC and Finance Michigan, Inc., both of whom are commodities industry leaders.

BlockFills will be one of the few global digital asset electronic trading firms to offer institutions with tailored cryptocurrency structured product options. In addition, institutions like banks, hedge funds and others in the financial services sector will have the opportunity to offer structured product solutions for their clients through this partnership.

Customized structured product solutions help institutions manage cryptocurrency exposure and develop solutions that assist with risk-return objectives, return enhancement, cost reduction, crypto pricing volatility and cash flow management.

“Institutions have sought increasingly customizable strategies to help maximize their cryptocurrency investments while hedging against or capitalizing on market volatility,” said Nick Hammer, co-founder and CEO of BlockFills. “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.”

“This integration with BlockFills will help shape the future of institutional digital asset and crypto trading,” said Michael Ortiz, Founder of TPAC. “Now, with our customizable structured product solutions available, BlockFills 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.”

Based out of Chicago and founded in 2018, BlockFills is one of the fastest growing crypto liquidity and technology providers globally. Their digital asset technology is already serving over 800 institutional clients across 50 countries.

To reach BlockFills regarding business opportunities, please email trade@blockfills.com, or for more information, please visit www.blockfills.com.

To learn more about TPAC, email info@tpaccapital.com, or visit www.tpaccapital.com.

About Structured Products

Structured products are a combination of options (puts and calls) combined into a pre-packaged trade. These trades are not offered on “legacy” or decentralized finance (DeFi) exchanges at this time and are considered “over-the-counter” (OTC) in legacy markets. The pre-packaged trade is negotiated between BlockFills and the prospective institutional client.

The primary benefit of structured product solutions is customization. Specifically, these solutions give institutions the ability to define risk parameters by customizing size, timeframe, desired payout and duration of the trade. Structured products also offer an alternative liquidity source.

About BlockFills

BlockFills is a disruptive financial technology firm dedicated to the provision of end-to-end solutions for global crypto currency market participants. The Company has successfully built and deployed a cutting-edge multi-asset technology platform that solves major liquidity fragmentation problems in the marketplace. The platform provides price discovery, price aggregation, electronic order matching, smart order routing and trade reconciliation solutions for institutions in the digital spot, derivatives, and lending markets. In addition, BlockFills provides software-as-a-service (SaaS) solutions that simplify all aspects of the trade lifecycle for institutions in the sector.

About TPAC

TPAC Capital, LLC is a newly formed provisional swaps dealer by Pack Creek Capital and Finance Michigan, Inc. The traders at TPAC are leaders in structured products with extensive careers running some of the largest OTC desks in the commodities markets. TPAC focuses on bringing innovative structures and exotic options to the emerging markets of cryptocurrency starting with Bitcoin and Ethereum. As a dealer, TPAC offers competitive pricing, trades that suit the clients’ risk profile, and educational materials in order for all clients to trade structured products with a strong knowledge base. Please reach out to hear more about the library of cryptocurrency structured products that are ready to offer.

RISK DISCLOSURE AND IMPORTANT INFORMATION

This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

All investing is subject to risk, including the possible loss of all of the money invested. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.

Contacts
Media Contact for BlockFills:
Michael Grimm, Reputation Partners
michaelg@reputationpartners.com

Media Contact for TPAC:
Taylor Ortiz, TPAC
tortiz@tpaccapital.com

 

June 8, 2022

BlockFills to List CME Group Cryptocurrency Derivatives Products
New Offering will Provide Professionals and Institutions Greater Margin Efficiencies with Physical Crypto

CHICAGO–(BUSINESS WIRE)–BlockFills, a global digital asset financial services, technology and trading firm, today announced it will list cryptocurrency derivatives products from CME Group, the world’s leading derivatives exchange, on its trading ecosystems.

The new offering will solve a crucial market access problem for institutions and professional traders, enabling these groups to benefit from margin efficiencies of trading cryptocurrency derivatives from CME Group alongside spot crypto and other digital instruments, thereby allowing use of their available margin across one master account.

“Legacy financial firms, professional traders and market makers have voiced their interest in trading CME Group cryptocurrency futures and options alongside our existing suite of physical crypto products,” said Neil Van Huis, partner and director at BlockFills. “This listing answers that demand—the time has come in digital assets for a more professional offering that brings the appropriate technology capabilities to institutions in a compliant manner.”

“In the current environment, it’s more important than ever for institutional clients to have access to deeply liquid and regulated cryptocurrency futures and options products like ours to help manage their spot cryptocurrency price risk,” said Tim McCourt, CME Group Global Head of Equity and FX Products. “With the addition of our cryptocurrency derivatives and real-time market data to the BlockFills platform, alongside existing spot crypto products, institutional clients will benefit from increased access to tools that will allow them to efficiently discover prices, transfer risk or optimize their trading strategies.”

“Each day, we are helping more companies, professional traders and institutions securely engage in the digital asset markets through our reliable and efficient connectivity. We are proud to continue working with CME Group to further expand and transform the digital asset industry,” said Nick Hammer, co-founder and CEO of BlockFills.

BlockFills customers can expect trading to be unveiled via beta form in the third quarter (Q3) of 2022. The trading offering will then be available for global institutions and professional traders to deploy their trading strategies and allocate capital to the growing digital asset sector.

BlockFills’ Growth

Founded in 2018, BlockFills is a global provider of end-to-end solutions for digital asset market participants, specializing in white-glove commercial lending and trading services for crypto and fiat for both institutional investors and miners. Over the past four years, the company has been building its trading infrastructure, market access and connectivity to enable global professional and institutional firms to enter the digital asset sector and gain access to the technologies, products and services that they require.

The introduction of CME Group cryptocurrency derivatives products on its trading ecosystems marks the latest in a series of expansions for BlockFills, one of the fastest growing digital asset firms in the space that provides a full suite of technology and services for global institutions. BlockFills has grown to serve professional traders and legacy financial firms who wish to build their own client-facing businesses in digital assets.

In Q1 2021, the company launched its software-as-a-service division with the introduction of its “Vision” and “Zephyr” software solutions, quickly followed by the first-of-its-kind “Phoenix” solution launch in Q3 2021, allowing institutional trading businesses to enter the digital asset market efficiently and reliably.

To reach BlockFills regarding business opportunities or to learn more about this press release, please email trade@blockfills.com, or for more information, please visit www.blockfills.com.

About BlockFills

BlockFills is a disruptive financial technology firm dedicated to the provision of end-to-end solutions for global crypto currency market participants. The Company has successfully built and deployed a cutting-edge multi-asset technology platform that solves major liquidity fragmentation problems in the marketplace. The platform provides price discovery, price aggregation, electronic order matching, smart order routing and trade reconciliation solutions for institutions in the digital spot, derivatives, and lending markets. In addition, BlockFills provides software-as-a-service (SaaS) solutions that simplify all aspects of the trade lifecycle for institutions in the sector.

RISK DISCLOSURE AND IMPORTANT INFORMATION

This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

All investing is subject to risk, including the possible loss of all of the money invested. As with any investment strategy, there is no guarantee that investment objectives will be met, and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.

Contacts
Media Contact for BlockFills:
Michael Grimm, Reputation Partners
michaelg@reputationpartners.com

 

May 20, 2022

The Dallas Morning News: Here’s why crypto companies are flocking to Texas
Author: Natalie Walters. Texas has made itself the most welcoming state for crypto and blockchain companies with a statewide lobbying council and very friendly rates for crypto miners.

Mance Harmon graduated from college in 1993 when the World Wide Web was just getting ripples, so he remembers the frustrations of trying to explain it to his parents. It didn’t make sense to them until they got an email account, but now, everyone intuitively understands the Internet, he said.

“Crypto is in the same space,” said Harmon, now the co-founder of Dallas-Fort Worth’s largest blockchain company, Hedera. “As the number of applications grows and people start taking control of their identity and privacy, they’ll begin to appreciate it in a different light.”

D-FW has made its name as a business-friendly area with a large talent pool. But is the traditional environment enough to draw in the younger crypto companies that favor a more casual work environment, open minds and creative solutions?

“Crypto culture is one of the weirdest cultures I’ve ever been a part of,” said Rasikh Morani, CEO of The Arcadia Group, a Dallas-based blockchain software development company. It’s awesome. But it’s also very weird,” he said. “There’s no other industry where I’d be sending anime pictures to my clients or my clients’ investors.”

Crypto’s complexity means some tune it out, not wanting to get involved in something they don’t understand. That has allowed some of D-FW’s biggest crypto-related claims to fame to go largely unnoticed:Hudson Jameson, one of the best-known faces of Ethereum, hails from Dallas. For five years until 2021, he worked at the Ethereum Foundation. Coinsource, the world’s largest Bitcoin ATM operator, operates out of Fort Worth. In 2021, Dallas crypto startup Zabo secured a deal to be bought by leading U.S. mainstream cryptocurrency exchange Coinbase. If you ask industry experts whether Dallas-Fort Worth is becoming the “it” place for crypto, you rarely get a simple yes or no answer. But you hear the same themes.

How Dallas stacks up
The first point everyone agrees on is that there is no one “it” place for crypto because it was specifically designed to be done from anywhere.

“The unfortunate reality is that many, if not most, crypto companies are based offshore and maybe have an office in the States, due to the regulatory uncertainty,” said Mark Cuban.

In 2021, the entrepreneur’s Dallas Mavericks team started accepting Dogecoin cryptocurrency as payment for tickets and merchandise and signed a five-year partnership with publicly traded cryptocurrency platform Voyager.

Second, they agree that Texas is definitely the it place if you just focus on crypto mining, because the state is willing to negotiate “fantastic” rates for the power-heavy activity.

“Being in Dallas has been a big selling point for investors because they know that it’s becoming the mining epicenter of the U.S.,” said Nevin Bannister, co-founder and CEO of Dallas crypto mining startup Blockmetrix, which started in July and has already raised $50 million.Data from the state’s grid operator, the Electric Reliability Council of Texas, or ERCOT, affirms its growing mining presence. The U.S. has about 3,500 megawatts of Bitcoin mining capacity, and more than 40% of that is with ERCOT, according to estimations from Lee Bratcher, president of the Texas Blockchain Council.

Third, Dallas is generally a bigger place for companies focused on blockchain enterprise. These are companies that are using blockchain, the technology cryptocurrencies are built on, to create software and applications for companies. On the other hand, Austin is the epicenter for developers focused on crypto.

“Dallas is likely where a lot of the money will come from in the space with the hedge funds, private equity and family offices,” said Patrick Zielbauer, who is based in Austin and handles global strategic accounts for Chicago-based BlockFills, a company that connects investors to crypto companies. Zielbauer said he thinks BlockFills will continue to add employees in Texas.

Fourth, Texas is an it place on the regulatory side with companies across the board lauding the Texas Blockchain Council for setting the gold standard on how to influence state policy.

“Texas has become the epicenter for crypto in terms of leadership, especially on the regulatory side,” Harmon said. “When we started TBC, we had this vision that if we could influence the regulatory environment in Texas, the rest of the nation would follow. And that strategy is on track. A lot of people have their eyes on Texas because of the work that TBC has been doing.”

The nonprofit lobbying group with an office in Richardson launched at the end of 2020 and already has more than 90 corporate members and over 450 individual members, with about one-third of its total members in the Dallas-Fort Worth area, TBC president Bratcher said.

Access full article from The Dallas Morning News here.

April 28, 2022

FinanceFeeds Interviews Nick Hammer, BlockFills’ Co-Founder and CEO

Adoption of cryptocurrencies has been a central theme in the global financial world over the last few years, with institutional interest anticipated only to increase in 2022 and beyond. Phoenix, BlockFills’ Software-as-a-Service (SaaS) crypto interface, is designed for institutional clients to access its parent’s proprietary trading technology and liquidity. The company, founded four years ago, introduced its software division in 2021 with two new institutional trading solutions, called “Vision” and “Zephyr.”

FinanceFeeds has engaged in an exclusive interview with Nick Hammer, BlockFills Co-Founder and CEO. The two-decade industry veteran shares a few thoughts on Phoenix’s journey, the future of cryptocurrencies and why he believes there is much more room to grow as the blockchain industry is still in its early stages of development.

Phoenix was launched by BlockFills as a SaaS Crypto platform for brokers, banks, and asset managers looking to add digital assets to their offering. Can you provide more details about the solution and why it is the right choice?
Phoenix is a front-end crypto interface that has proven indispensable to our clients by providing them access to our cryptocurrency trading technology and liquidity services. Phoenix is unique in that it gives institutions access to an extremely advanced technology platform, allowing them to make secure, efficient and accurate investments with confidence 24/7.

We’ve noticed a large gap in the technology available – other crypto platforms frequently crash, provide subpar user experience, execute orders at different price points, or generally have poor tech design. Based on our decades of experience in institutional trading, we knew there could and should be a better option for professional traders who require a higher level of service and technology than retail traders. Phoenix supports both spot, NDFs, futures and cfds while offering traders the most technical trading tools of any platform in its’ class.

In addition, Phoenix is available as a turn-key white label solution for client facing institutions that are adding crypto to their product offering.

In January, BlockFills raised $37 million from SIG, CME, Simplex, C6S, Nexo, and others to support further expansion, but spot trading volumes surged over 20x on an average monthly basis since January 2020. How much room is there to grow?
Since 2020, we have experienced a tremendous amount of growth and interest from global institutions looking for better connectivity, increased market access and most of all, novel financial technology solutions that help them build their digital asset trading businesses efficiently and securely. Currently, we are working to scale several new technology solutions that we believe will accelerate our position in the market even further.

We believe there is much more room to grow as this industry is still in its early stages of development and we believe our technology is uniquely positioned to scale to accommodate an increasingly fast growing market. We will continue to deploy capital and resources to gain market share.

How does BlockFills determine which digital assets to offer its clients? Is it from demand from clients? Is it institutional market trends? What else?
We offer algorithmic access to deep liquidity in the most commonly traded digital assets as well as numerous altcoins that meet the requirements of our security infrastructure solutions, and we recently expanded this list in 2021. We primarily trade bitcoin (BTC), ethereum (ETH), zcash (ZEC), bitcoin cash (BCH), ethereum classic (ETC), monero (XMR), zcash (ZEC), ripple (XRP), NEO, QTUM, AND litecoin (LTC). Beyond these pairs, we have the capabilities design and implement custom integrations to any venue with FIX, Web-Socket or REST API infrastructure.

We are constantly evaluating which digital assets to offer our institutional clients, and our technology stacks are designed to evolve with market digital asset investment demands. We pay close attention to what our clients are asking for and we have built out our tech stack to make it an easy lift to deliver the new products our clients need very efficiently.

Your website says the Liquidity as a Service solution is “Multi-Asset Capable”. What does that mean?
We deploy a multi-asset platform that provides price discovery, electronic order matching, smart order routing and trade reconciliation solutions for institutions in the digital spot, derivatives and lending markets. Here, clients can connect to BlockFills, or BlockFills can connect directly to the client through custom integrations to any venue with FIX, Web-Socket or REST API infrastructure. This flexibility is a key advantage of our technology platforms, and allows each client to customize the platform precisely to their needs. Our platform can also handle traditional financial products and other markets that most cannot.

Nick Hammer, BlockFills Co-Founder and CEO

Nick began his financial career in 2001, working in Fixed Income at ABN AMRO Bank N.V. He has since held various positions in the financial services industry including roles in banking, equities, fixed income, futures, and OTC FX trading. He was an owner and principal of Lotus Brokerage, a Chicago based futures and FX Broker responsible for raising over 20,000 FX accounts on a global level from 2008-2012. Nick founded Basis Capital Markets UK, an FCA regulated Broker Dealer in 2015 and has since served as Chairman. Nick has a strong background in the derivatives and eFX marketplace, with experience servicing a wide variety of clientele including institutional, algorithmic, high frequency and retail traders. Nick has held FINRA Series 3, 7, 30, 34, and 63 licenses. He also holds an RG146 license with the Australian Securities and Investments Commission and serves as a Board Member of two e-commerce companies.

April 4, 2022

BlockFills Announces Integration with Sudrania Fund Services to Provide Fund Administration Services
Integration allows Sudrania Seamless Crypto clients to ease reporting and operational lift via BlockFills’ industry-leading API

CHICAGO, APRIL 4,2022 – BlockFills, a fast-growing global digital asset trading and financial technology company, today announced it has integrated with Sudrania Fund Services Corp. (“Sudrania”), the hyper-growth global leader in digital assets fund administration. The integration pairs two forces in the digital asset trading industry to provide improved customer service and access to traders around the world.

Using BlockFills’ industry-leading API, Sudrania’s global network of clients, who are seeking deep spot liquidity, derivatives, and lending services, will now be able to pull transaction data, balances, and history automatically and significantly ease reporting and administrative tasks. BlockFills’ market-leading end-to-end API features near instantaneous execution through the company’s liquidity network, and a web-based admin function that allows for instant trade reconciliation and reporting. Backed by this powerful API, Sudrania will also gain increased exposure to the digital asset community as it expands its reach to further support digital asset managers seeking an easier operational experience.

Likewise, BlockFills clients will now be able to onboard with Sudrania, knowing relevant trade data will be smoothly integrated into Sudrania’s Seamless Crypto system – a cloud-based fund administration platform designed to handle the unique operational needs required to service digital assets and cryptocurrency funds. Sudrania’s Seamless Crypto application allows investment managers to fully outsource their fund administration and back-office operations via a cloud-based solution and provides functionality needed to manage cryptocurrency funds.

“Sudrania is a force in the fund administration space, and we see great value in our clients having access to their products and services in such a way that represents the lowest possible operational lift for them,” said Nick Hammer, co-founder and CEO of BlockFills. “Further, in meeting with the Sudrania team, we know there are clients who utilize their services who are an ideal fit for BlockFills’ offerings. That our and Sudrania’s customers can engage with new services with low operational lift, makes this an all-around great fit.”

“We are excited to announce the completion of the integration of Seamless Crypto with the BlockFills ECN,” said Shalin Madan, CAIA, Co-Founder and Chief Growth Officer of Sudrania. “We are pleased that this integration will allow our clients a quicker and better operational setup with back-office accounting and reporting and will improve the delivery times to our clients.”

Based out of Chicago and founded in 2019, BlockFills is one of the fastest growing crypto liquidity providers in the U.S. Their digital asset technology is already serving over 700 institutional clients across 50 countries. To reach BlockFills regarding business opportunities, please email trade@blockfills.com, or for more information, please visit www.blockfills.com.

To learn more about Sudrania Fund Services, visit Sudrania.com.

About BlockFills

BlockFills is a disruptive financial technology firm dedicated to the provision of end-to-end solutions for global crypto currency market participants. The Company has successfully built and deployed a cutting-edge multi-asset technology platform that solves major liquidity fragmentation problems in the marketplace. The platform provides price discovery, price aggregation, electronic order matching, smart order routing and trade reconciliation solutions for institutions in the digital spot, derivatives, and lending markets. In addition, BlockFills provides software-as-a-service (SaaS) solutions that simplify all aspects of the trade lifecycle for institutions in the sector.

About Sudrania Fund Services

Sudrania Fund Services is a global fund administrator based in Chicago, Illinois offering its proprietary Seamless Suite, an award-winning, full-scale cloud-based, fund administration application integrating portfolio, fund accounting and investor reporting to provide best-in-class solutions to both the traditional and alternative investment fund management community. Seamless Suite processes high-frequency trading volumes to deliver daily NAV for hedge funds, digital assets funds, SPVs, mutual funds, private equity funds, Venture Capital funds, impact funds, commodity pools and mortgage funds. Sudrania’s operations and technology are SOC 1, SOC 2, and SOC 3 audited, and it currently has over 800 staff across its global offices.

RISK DISCLOSURE AND IMPORTANT INFORMATION

This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

All investing is subject to risk, including the possible loss of all of the money invested. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.

Contacts
Media Contact for BlockFills:
Michael Grimm, Reputation Partners
michaelg@reputationpartners.com

Media Contact for Sudrania
Lea Kuhry, Sudrania Fund Services
lea.kuhry@sudrania.com

 

February 24, 2022

Nexo Expands Prime Brokerage Capabilities & Services for Crypto Miners to BlockFills via Strategic Partnership

Nexo and BlockFills are engaging in a strategic partnership following the global crypto lender’s participation in BlockFills’ Series A funding round.

The collaboration creates a syndicated lending opportunity, wherein Nexo gains exposure to crypto mining clients while expanding BlockFills’ balance sheet.

BlockFills will also have strategic access to Nexo’s prime brokerage suite’s institutional capabilities and liquidity. 

LONDON, FEBRUARY 24, 2022  Nexo, one of the leading regulated institutions for digital assets, has announced a strategic partnership with global digital asset trading and financial technology provider, BlockFills. The announcement comes on the heels of Nexo’s participation in BlockFills’ $37 million Series A funding round announced in January.

A global provider of end-to-end solutions for digital asset market participants, BlockFills specializes in white-glove commercial lending and trading services for crypto and fiat for both institutional investors and miners. The company’s collaboration with Nexo will facilitate syndicated lending by connecting BlockFills’ miner-rich client base and trading flow from a first-of-its-kind SaaS crypto interface, Phoenix, to Nexo’s advanced financial tools for digital assets. BlockFills is also set to become a strategic client of Nexo Prime – the company’s sophisticated prime brokerage suite.

Through BlockFills’ proprietary derivative trading operations, Nexo gains increased exposure to crypto mining clients. Meanwhile, BlockFills will leverage Nexo’s advanced digital asset management capabilities to expand its reach internationally and further support institutional investors seeking greater stability and more robust technology for their digital asset investing needs.

Tatiana Metodieva, CFA, Head of Corporate Finance and Investments at Nexo remarked of the partnership: “Nexo’s collaboration with BlockFills is logical and synergistic. Our service offerings, geographic coverage, and addressable user bases complement each other; thus, our joint work will be conducive to the growth of our respective business operations in the digital assets industry.”

“We’re thrilled to continue building on our relationship with Nexo following our successful Series A funding round last month. Not only does Nexo match well with our technological capabilities at BlockFills, but we have also found a strong collaborative partner in the Nexo team,” said Nick Hammer, co-founder and CEO of BlockFills. “Together, we look forward to bringing leading and reliable trading opportunities to our growing client-base around the world.”

Nexo’s involvement in BlockFills’ Series A funding round and the resulting partnership come on the heels of numerous successful ventures by the lender’s established investment arm. Nexo’s rapidly progressing VC activity encompasses investments that broaden the company’s compliance capabilities, spur developments of decentralized financial solutions, and grow its presence in the metaverse, including establishing the novel MetaFi industry.

To learn more about Nexo, visit nexo.io. To reach BlockFills regarding business opportunities, please email trade@blockfills.com, or for more information, please visit www.blockfills.com.

About Nexo

Nexo is the world’s leading regulated digital assets institution. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines™, a high-yield Earn Crypto Interest suite, an instant Exchange service, and sophisticated trading and OTC capabilities, while providing the top-tier custodial insurance and military-grade security of the Nexo Wallet. Nexo has processed $75+ billion for 3,000,000+ users across more than 200 jurisdictions. Visit nexo.io to learn more.

Media Contact for Nexo: 
The Nexo PR Team
pr@nexo.io

About BlockFills 

BlockFills is a disruptive financial technology firm dedicated to the provision of end-to-end solutions for global crypto currency market participants. The Company has successfully built and deployed a cutting-edge multi-asset technology platform that solves major liquidity fragmentation problems in the marketplace. The platform provides price discovery, price aggregation, electronic order matching, smart order routing and trade reconciliation solutions for institutions in the digital spot, derivatives, and lending markets. In addition, BlockFills provides software-as-a-service (SaaS) solutions that simplify all aspects of the trade lifecycle for institutions in the sector.

Media Contact for BlockFills:

Michael Grimm, Reputation Partners

michaelg@reputationpartners.com

RISK DISCLOSURE AND IMPORTANT INFORMATION

This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

All investing is subject to risk, including the possible loss of all of the money invested. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.

 

 

January, 19, 2022

BlockFills Closes $37 Million Series A Funding Round to Continue Global Expansion and Scale Existing Core Verticals

CHICAGO (January 19, 2022) – BlockFills, a fast-growing global digital asset trading and financial technology company, announced the completion of a Series A funding round totaling $37 million. The round was led by institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6E, Nexo Inc. and several other institutional investors and funds. This is the second multimillion-dollar funding round since the company’s founding in 2018. BlockFills has raised a total of $44 million to date from institutional investors.

The Series A funding round will accelerate BlockFills’ global expansion and fuel technology launches aimed at bringing traditional financial institutions into the digital asset sector. The company’s state-of-the-art back and middle office products, in tandem with its recently launched trading platform, Phoenix, make BlockFills a one-stop shop for banks, brokerages, asset managers, corporations and other institutions who wish to launch or scale a client facing digital asset business.

“The successful close of our Series A funding round will help ensure that BlockFills and our technology platforms are industry leading and continue to meet the demand for end-to-end solutions that help institutions safely and efficiently engage digital asset markets,” said Nick Hammer, co-founder and CEO of BlockFills. “We are grateful to our investors and proud to provide value for our clients by providing digital asset market solutions that are unmatched in the industry. The future looks bright for BlockFills, and we are just getting started.”

Investor Perspective:

Dean Carlson, Head of Digital Asset Investments at Susquehanna Private Equity Investments, said “since its inception, BlockFills has been an innovator in the digital asset sector providing trading and liquidity solutions to crypto native firms. Their experience in the crypto sector and traditional financial markets coupled with their pioneering financial technology solutions set the company apart. We are excited to support BlockFills’ vision of being a one-stop partner for global institutions looking to confidently enter into digital asset trading and investing.”

Impact of Series A Funding Round

Using this latest funding round, BlockFills plans to scale new verticals to accelerate its position in the market. Prospective verticals include support for digital banks and asset managers, trading organizations demanding multi-currency solutions, and companies with exposure to cryptocurrency prices who seek assistance in implementing efficient hedging and risk mitigation strategies.

Specifically, BlockFills will expand and evolve its technology platforms to provide more advanced solutions for the hedge fund and asset management community, a sector in which the company saw record levels of onboarding in 2021. Already a leading liquidity provider in crypto options globally, BlockFills plans to dramatically expand support for this industry’s unique needs – bespoke derivatives products and related technologies that simplify regulatory and reporting requirements.

BlockFills will also use the funding to expand as a leading service provider to global cryptocurrency miners. Global miners have tapped BlockFills for approximately $150 million in capital for expansion since August 2020 and the company has rapidly become a leading service provider in financing mining equipment. BlockFills also offers bespoke asset management solutions, efficient mining pool technology, and professional trading support to help these key clients navigate rapidly moving cryptocurrency markets.

The funding will position BlockFills as a mature, well-capitalized counterparty whose tenured leadership will attract institutional level clients seeking stability, advanced technology, and white glove service.

BlockFills Milestones since its 2018 Founding:

  • Today, the company serves over 600 institutional clients, including enterprise level businesses and professionals across all industries, helping each at every level of the digital asset trading lifecycle
  • Achieved profitability since 2019, with 400% year-over-year growth in top line revenues and nearly a 500% year-over-year increase in bottom line revenues
  • The company has seen its spot trading volumes surge over 20x on an average monthly basis since January 2020
  • In 2021, BlockFills launched its software-as-a-service division with the introduction of its “Vision” and “Zephyr” software solutions in Q1 and “Phoenix” solution in Q3, allowing institutional trading businesses to enter the digital asset market efficiently and reliably

To reach BlockFills regarding business opportunities, please email trade@blockfills.com, or for more information, please visit www.blockfills.com.

 

About BlockFills 

BlockFills is a disruptive financial technology firm dedicated to the provision of end-to-end solutions for global crypto currency market participants. The Company has successfully built and deployed a cutting-edge multi-asset technology platform that solves major liquidity fragmentation problems in the marketplace. The platform provides price discovery, price aggregation, electronic order matching, smart order routing and trade reconciliation solutions for institutions in the digital spot, derivatives, and lending markets. In addition, BlockFills provides software-as-a-service (SaaS) solutions that simplify all aspects of the trade lifecycle for institutions in the sector.

RISK DISCLOSURE AND IMPORTANT INFORMATION

This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

All investing is subject to risk, including the possible loss of all of the money invested. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.


June 22, 2021

BlockFills raises capital from Institutional Strategic Investors citing explosive growth and expansion plans

After an incredible close to 2020 and a very busy start to 2021 in the digital asset sector, BlockFills has officially taken outside capital for the first time to help support strong demand.

BlockFills, founded in 2018, is a financial technology and trading firm in the digital asset sector, which provides a full suite of technology solutions, prime brokerage, liquidity and other technology forward solutions to professionals and institutions globally.  BlockFills, profitable since 2019, cited explosive growth of 400% YoY in top line revenues and nearly a 500% YoY increase in bottom line revenues as the catalyst for the funding round.   The company recently closed the multi-million-dollar equity round in May, which included investors such as Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Holdings, Future Perfect Ventures, Visionary Private Equity Group and JackDaw Capital.

“We have experienced a tremendous amount of growth as a firm and we continue to see strong interest in the sector especially from institutions looking for connectivity, market access and most of all, technology solutions to help them build their digital asset trading businesses efficiently and securely throughout space” said Co-Founder and CEO, Nick Hammer. “While exceeding our revenue expectations was a key milestone for the firm, we are working to scale several new and exciting verticals that we believe will accelerate our position in the market even further”.  “We are very excited to have the high-quality strategic partners that have joined us in this initial round to help us execute and expedite our plan.”

In addition to reporting positive revenues, the company significantly increased traction in some of its more mature verticals.  For example, the Company’s spot trading volumes surged over 20x on an average monthly basis from January 2020 to the present.  Furthermore, the company has established a major footprint as a leading service provider to global miners and this has helped BlockFills become a leader in markets such as crypto derivatives.  “We pride ourselves on being diversified and we try to consistently be one of the more innovative firms in the space” said Partner and Director Neil Van Huis. “Demand from the enterprise mining community has been impressive and the decisions these clients are making proves that the digital space is maturing”.

In fact, global miners have tapped BlockFills for approximately $150M in capital for expansion since August 2020 and the Company has rapidly become a leader in financing mining equipment, while also offering bespoke asset management solutions, efficient mining pool technology and professional trading support to help these key clients navigate rapidly moving markets such as crypto.

As a technology driven and diversified digital asset financial services company, BlockFills has also launched a SaaS division which went live in Q1 2021 after rigorous beta testing in 2020.  The full suite of technology includes front end trading and client interfaces, mobile applications, multiple API access points, a risk management OMS, market data, research and a complete middle office/back office solution.  The software products named “Vision” and “Zephyr” respectively, enable institutional trading businesses to enter the digital asset sector at an accelerated pace. “We expect that our technology solutions will be a one-stop shop for brokerages, banks, custodians, asset managers and other financial institutions considering a move into the space. Our multi-asset technology stack supports both spot and derivatives trading across instruments.  “It represents what we have used on both the buy and sell side in the traditional capital market space for years and we have further refined our technology here at BlockFills based largely on feedback from our clients” comments Adam Krauszer, BlockFills CTO.  “We truly believe that the Vision and Zephyr products fill major fragmentation gaps in the space and will be a game changer for many businesses adopting crypto trading” added Co-Founder Gordon Wallace.

The BlockFills management team has vast experience building financial technology and client facing trading businesses, at firms such as Deutsche Bank, Goldman Sachs, Citadel, BNP Paribas, Standard Chartered, One River Asset Management amongst many other globally recognized names. BlockFills aims to leverage its’ unparalleled expertise in financial services to gain serious traction with professional players waiting patiently to execute on their plans to enter the digital space.

What’s next at BlockFills? Well for starters, the Company is poised for expansion and is in the process of raising a larger sum of outside capital which they expect to close in the next 60 days.  Although the BlockFills team has doubled in numbers over the course of the pandemic, the Company is actively adding new talent to the team globally to support their expansion initiatives scale new verticals.  In addition, the Company is working on some disruptive projects and joint ventures that it will be announcing to the public as part of its’ growth initiatives in the upcoming weeks.

For more information regarding BlockFills, please visit www.Blockfills.com

To reach BlockFills regarding business opportunities, please email trade@blockfills.com

About BlockFills BlockFills is a disruptive financial technology firm dedicated to the provision of end-to-end solutions for global crypto currency market participants. The Company has successfully built and deployed a cutting-edge multi-asset technology platform that solves major liquidity fragmentation problems in the marketplace.  The platform provides price discovery, price aggregation, electronic order matching, smart order routing and trade reconciliation solutions for institutions in the digital spot, derivatives, and lending markets. In addition, BlockFills provides software as a service solutions that simplify all aspects of the trade lifecycle for institutions in the sector.

RISK DISCLOSURE AND IMPORTANT INFORMATION

This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

All investing is subject to risk, including the possible loss of all of the money invested. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.