Big Investors Coming: A New Decentralized Exchange Makes Plans to Lure Them All

The Legolas project, founded in France in 2017, is going to launch an innovative cryptocurrency and fiat exchange in Q3 2018. Despite its relatively recent emersion on the Blockchain startups map, the Legolas Exchange has definitely made a splash, having raised over 1,500 BTC (about $15 mln) during its private sale that was closed at the beginning of 2018. Previously, in November 2017, the project team announced a partnership with the Makor Group, an international brokerage firm specialized in cash equities, fixed income, derivatives and FX.

Forecasting a huge catch

Together, Legolas Exchange and the Makor Group plan to build the first regulated and secure cryptocurrency exchange corresponding to the needs of institutional investors.

Over the last 10 years, institutional money managers have been steadily increasing their holdings in alternative investments in order to diversify their portfolios and increase expected risk-adjusted long-term returns. According to PriceWaterhouseCooper, by 2020 global assets in alternative investments will grow to $18.1 tln, from $10 tln today.

Frederic Montagnon, CEO Legolas Exchange, explains: "Institutional investors want to build crypto portfolios, but they struggle with unregulated exchanges and are uncomfortable with the complexity of holding tokens and rampant price manipulation." According to Montagnon, Legolas Exchange will implement its decentralized order book and matching protocol in order to provide full transparency regarding the price of transactions and prevent price manipulation.

Through this Legolas-Makor partnership, clients will have acces