Participants

Native collateral, unified margin, protected execution, and better stress handling for market makers, funds, issuers, and operators.

Market makers, funds, size-sensitive traders, token issuers, and ecosystem partners use the same stack through different workflows.

Market makers

Current friction

Capital is fragmented, spot inventory is expensive to warehouse separately, large flow leaks intent, and tail-risk handling matters as much as day-to-day spread opportunity.

On Ultrade

Ultrade gives market makers one capital base across spot, perps, and collateral, plus auto-borrow, API access, protected execution, and more credible stress handling.

Relevant workflows
  • Quote spot books using perps collateral via auto-borrow.
  • Keep native inventory across chains and use it as one margin base.
  • Run market making and hedging from one venue instead of splitting capital across disconnected environments.
Testnet focus

Test capital reuse, quoting workflows, API surfaces, and execution quality on live orderbooks.

Funds and basis desks

Current friction

Collateral gets fragmented across venues, generic hedges are imperfect, public order exposure hurts execution quality, and many venues behave poorly under stress.

On Ultrade

Ultrade supports unified multi-asset margin, protected dark-pool execution, active collateral earning yield, open competitive liquidations, and Precision ADL that socializes residual losses directly to equity on a weighted basis without closing positions.

Relevant workflows
  • Use a diversified asset base as one risk-managed collateral system.
  • Keep collateral productive instead of leaving it idle between venues.
  • Evaluate a perps venue by execution quality and stress handling, not just headline leverage and UI.
Testnet focus

Test whether the capital model and market structure deliver better hedge continuity and failure-mode quality than existing venues.

Size-sensitive traders

Current friction

Large orders become visible too early, capital sits idle between venues, and bridge-heavy workflows add friction right where trading needs to be fastest.

On Ultrade

Ultrade combines protected execution through dark-pool workflows integrated with the lit book, native assets across nine chains, productive collateral, and a professional orderbook surface in one venue.

Relevant workflows
  • Route larger flow through protected execution instead of exposing full size publicly.
  • Deploy native assets from multiple chains into one market environment.
  • Keep capital productive while maintaining directional or hedged exposure.
Testnet focus

Evaluate execution quality and capital efficiency on real order flow instead of another points-driven trading surface.

Token issuers and RWA tokenizers

Current friction

Issuance alone does not create useful markets, external listings are expensive and extractive, and building exchange infrastructure from scratch is unrealistic.

On Ultrade

Ultrade offers branded venue deployment on shared liquidity, self-listing and co-listing, fee ownership, integrated market-maker support, and immediate trading, hedging, and yield utility for tokenized assets.

Relevant workflows
  • Launch a branded venue and self-list a new or existing asset.
  • Use shared liquidity instead of starting from zero on an isolated book.
  • Add trading, hedging, and market utility around tokenized assets instead of stopping at issuance and custody.
Testnet focus

Test how quickly an asset converts into a traded market surface with existing network depth.

Ecosystem and whitelabel partners

Current friction

Building a venue usually means fragmented liquidity, infrastructure overhead, and user acquisition pressure before the market is even live.

On Ultrade

Ultrade gives operators a shared-liquidity network, branded deployment, fee participation, co-listing, and B2B2C distribution logic instead of a zero-to-one exchange buildout problem.

Relevant workflows
  • Launch a branded market surface quickly and keep the user relationship.
  • List network markets with existing liquidity instead of seeding every book alone.
  • Co-list partner markets and grow through network participation rather than isolated venue economics.
Testnet focus

Test branded deployment and distribution economics before committing to a public launch path.

Testnet

Join the waitlist.

Evaluate the trading, capital, and infrastructure workflows before mainnet.

JOIN TESTNET WAITLIST