Blockchain Foundation Case Study

Overview

In the evolving landscape of cryptocurrency trading, securing access to liquidity stands as a pivotal challenge. This case study explores how Aplo emerged as the solution provider for a blockchain foundation facing liquidity hurdles. It delves into the specific challenges encountered during the liquidation process of operationally complex tokens like TONcoin, amidst its ascent from obscurity to prominence.

The challenge the blockchain foundation faced

The client, a prominent blockchain foundation, faced the challenge of diversifying their over-the-counter (OTC) venues while specifically targeting the liquidation of illiquid tokens, notably TONcoin. During the early stages of collaboration in 2023, it faced liquidity challenges despite its growing potential, ranking outside the top 200 cryptocurrencies. However, with strategic initiatives, it surged to become one of the top 20 cryptocurrencies by market capitalization. To address these liquidity challenges and perform efficient liquidation without causing significant market impact, the client sought a provider capable of offering sophisticated tools and algorithms tailored to their unique needs. They emphasized the importance of minimizing market disturbances while optimizing trade execution to achieve their objectives.

Why they chose Aplo

Aplo stepped in to provide comprehensive brokerage services tailored to the specific needs of the blockchain foundation. Key elements of the solution included:

1. Best Execution Services: With a commitment to best execution practices, Aplo ensured that each trade was executed at the most favorable prices available in the market, maximizing returns for the blockchain foundation while mitigating risks associated with volatile markets.
2. Network Connectivity: Aplo's broad network of trading venues provided the blockchain foundation with essential access to diverse liquidity pools for TON. This effectively tackled the liquidity hurdles typically associated with such assets.
3. Proven Expertise: Aplo's proven history of effectively liquidating altcoin positions for prominent blockchain foundations and key OTC players like Damex (read the case study), coupled with round-the-clock personalized support, instilled a high level of trust in Aplo's trading desk, especially in managing challenging market dynamics.

Positive Outcomes

Choosing Aplo as a provider yielded significant positive outcomes. Key achievements include:

1. Trust Building Over Time: Through consistent performance and transparent communication, Aplo earned the trust of the blockchain foundation over time. The increase in the monthly amount of TONcoin liquidated through Aplo, which doubled between September 2023 and March 2024, reflects the growing confidence and satisfaction of the client.
2. Cumulative TONcoin Liquidation: From February 2023 to March 2024, Aplo facilitated the liquidation of almost 10 million TONcoins on behalf of the blockchain foundation, showcasing the scalability and reliability of Aplo's brokerage services.

The co-founder & managing director of the blockchain foundation emphasized, “We have been using Aplo for around a year now, and their execution, team, and service are impeccable!”

Contact us at contact@aplo.io to explore how our prime brokerage platform can help with your liquidation needs.