Defi Technologies' Stillman Digital joins GoDark

Executive Summary

• Defi Technologies Inc.'s subsidiary, Stillman Digital, has joined as an early partner in the launch of GoDark, an institutional-grade dark pool for digital assets.
• GoDark is developed by GoQuant and backed by major market participants Copper and GSR, aiming to provide off-exchange execution for large, price-sensitive orders.
• The partnership allows Stillman Digital to offer block liquidity, discreet execution, and non-custodial settlement to its institutional clients, expanding its capabilities in the digital asset space.

Key Details

• Partnership Structure: Stillman Digital is an "early partner" in the launch of GoDark.
• Platform Developer: GoDark is developed by GoQuant.
• Backers: The platform is backed by market leaders Copper and GSR.
• Additional Partners: Other early partners include FRNT Financial (FRNT), Fasanara Capital, Capital Union Bank, Tyr Capital, Hercle, Valos, and Trillion Digital.
• Platform Features:
  • Designed for executing large, price-sensitive orders off-exchange.
  • Offers ultralow latency matching.
  • Provides non-custodial settlement.
  • Includes institutional-grade execution protections such as minimum fill sizes and best price checks across lit venues (similar to NBBO-style protections in US equities).
• Strategic Benefits for Stillman Digital:
  • Extends ability to provide block liquidity and discreet execution.
  • Broadens counterparty network across banks, asset managers, and hedge funds.
  • Reduces signaling risk and supports better aggregate execution quality for large orders.
  • Provides access to a roadmap that includes perpetuals, futures, options, and other instruments beyond initial spot trading.

Notable Quotes

• "Dark pools are a core fixture of modern markets because they let institutions move size without broadcasting intent," said Jonathan Milks, co-founder and president of Stillman Digital. "By partnering with GoDark at launch, Stillman Digital extends our ability to provide block liquidity and discreet execution for clients seeking institutional rails across digital assets."