Market Maker

Description of DeltaBlock's activity

Kriptown has mandated the company DELTABLOCK, SAS whose registered office is located at 40, avenue Parmentier, 75011 Paris and registered under the number 848 794 178 RCS Paris to provide liquidity to our users.<br /><br />Deltablock is a French company founded by Maria (Ex J.P. Morgan, former trader and portfolio manager expert in illiquid markets) and Hamza (Former quant, Phd in applied mathematics and former associate researcher at Sorbonne University and Cambridge University).<br /><br />Deltablock will, thanks to a proprietary algorithm, provide liquidity on all tokens present on the Kriptown platform. Thus we use algorithms whose goal is to promote, for a given security, the liquidity of the market and the regularity of its quotations while avoiding price shifts not justified by the market trend. Deltablock's objective is to maintain a maximum difference between the bid and ask prices of each token with an order depth adjusted according to the dynamics of the order book.<br /><br />Given the sensitivity of such an operation, this activity will be highly supervised. Any profits or losses made by the algorithm as a result of its activity are returned/charged to Kriptown. In addition, Kriptown provides Deltablock with the inventory necessary for its activity. This means that Deltablock has no incentive to see the price of tokens rise or fall. This is to prevent any conflict of interest or price manipulation.

Kriptown is a simplified joint stock company with a capital of 517,859.61 euros registered in the Paris Trade and Companies Register under number 838 268 415. LEI code 89450020TYDWWXJSZX23.

Kriptown is registered with the Autorité des marchés financiers (AMF) as a digital asset service provider, for the services of custody of digital assets on behalf of third parties, purchase or sale of digital assets in legal tender, and operation of a digital asset trading platform under number E2022-030.

Kriptown is an agent of the electronic money institution Mangopay SA. Mangopay is registered as an Electronic Money Institution with the Commission de Surveillance du Secteur Financier du Luxembourg (CSSF).

High volatility of digital asset prices. The capital invested is not guaranteed. Any investment may result in a partial or total loss of capital.

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