Presto, a leading algorithmic trading firm, today announced a strategic collaboration with Injective to provide institutional-grade liquidity for the layer 1 blockchain built for finance. This collaboration aims to accelerate enterprise adoption of Injective's blockchain infrastructure and enhance the trading environment for its native token.
The collaboration will enable Injective to offer the robust, reliable trading infrastructure that enterprise clients require. By leveraging Presto's sophisticated algorithmic trading capabilities, Injective will strengthen its position as a premier blockchain solution designed specifically for financial applications and enterprise use cases.
"Partnering with Presto represents a significant milestone in our mission to build the most advanced financial blockchain for enterprise adoption," said Eric Chen, Co-Founder & CEO at Injective Foundation. "Their expertise in algorithmic trading and commitment to providing institutional-grade liquidity aligns perfectly with our vision for a seamless, enterprise-ready blockchain experience."
Presto's advanced market-making algorithms will work to maintain tight spreads and deep order books for Injective’s native token INJ, creating an environment that meets the exacting standards of institutional and enterprise participants.
"We're excited to support Injective's innovative approach to financial blockchain infrastructure," said Sean Kim, Head of Corporate Strategy at Presto. "Our team is committed to delivering the highest quality liquidity solutions that will help drive enterprise adoption of Injective's powerful technology stack."
The collaboration comes at a time of growing institutional interest in specialized blockchain solutions for financial use cases. By combining Injective's purpose-built blockchain architecture with Presto's liquidity expertise, both companies aim to set new standards for enterprise blockchain infrastructure.
About Presto:
Presto is an algorithmic trading and financial services firm founded in 2014. Presto focuses on delivering exceptional value for clients through a rigorous research-driven approach to investment and trade execution. With more than 100 million trade executions in a day, Presto is a leading financial services firm in both digital assets and traditional finance markets.
About Injective:
Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
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