The Legolas project, founded in France in 2017, will launch an innovative exchange of cryptocurrency and money. Fiduciary Exchange in the Third Quarter of 2018. Despite its relative recent emergence on the map of Blockchain startups, the Legolas Exchange definitely caused a sensation, having raised more than 1500 BTC (about $ 15 million) at its private sale that was closed early 2018. Previously, in November 2017, the project team announced a partnership with Makor Group, an international brokerage firm specializing in cash equities, fixed income securities, derivatives and currency effects

Prediction of a big catch

the first regulated and secure cryptocurrency exchange matching the needs of institutional investors.

Over the last 10 years, institutional fund managers have steadily increased holdings in alternative investments to diversify their portfolios and increase expected risk-adjusted long-term returns. According to PriceWaterhouseCooper, by 2020, global assets in alternative investments will grow from $ 10 billion to $ 10 billion today.

Frédéric Montagnon, CEO of Legolas Exchange, explains: "Institutional investors want to build crypto portfolios, but they struggle with unregulated exchanges and are uncomfortable with the complexity of holding chips. and creeping price manipulation. According to Montagnon, Legolas Exchange will implement its decentralized order book and its matching protocol to ensure full transparency on transaction prices and avoid price manipulation.

Thanks to this Legolas-Makor partnership, a fiduciary money account as well as a multi-signature cryptocurrency account managed by Legolas Exchange The Makor group, created in 2011, offers its clients access to global trading 24 hours a day. 24 and specializes in risk arbitrage, special situations, relative value and event opportunities for clients .suspices Thus, cryptocurrency trading will become the icing on this cake, based on the profile of risk investments

What is the Hybrid Protocol?

Today, Legolas is working on a premium hybrid exchange that incorporates a decentralized ledger within its proprietary centralized platform. Legolas Exchange is expected to bring large-scale encryption to a level of quality and transparency never before seen.

"The protocol itself is a semi-decentralized command-matching protocol, incoming commands and transactions are encrypted, time-stamped and stored in a blockchain, while command matching is done out of the chain ", explains Hugo Renaudin, Chief Product Officer of Legolas, in his blog on Medium. According to Renaudin, the decentralization of orders and information on transactions allows a transparent price formation, an audibility of transactions and a highlighting of transactions. The centralization of order pooling and order matching leads to efficiency and scalability, bypassing the current limitations of the Blockchain.

Legolas is due to launch its public auction on February 1 at 12 pm GMT, with a cap of 2000 BTC.The development of the exchange is progressing on the right track. "We plan to have a beta version. at the end of the first quarter of 2018 on which we will first have large institutions. We will gradually open the platform to more users as we release new versions of the exchange. Of course, we will give priority to the users who participated in our chips sale, "according to the website.