Case Study: Saving 2.1% Slippage on a $50M BTC Block Trade

Client: Asian Crypto Hedge Fund (AUM: 1.2B) Challenge: Off load 1,200BTC(1.2B) 1,200BTC(50M) without moving spot markets during a liquidity crunch.

PrimeSuite Solution:

  1. Liquidity Aggregator: Pulled RFQs from 8 OTC desks (Kraken, Coinbase Prime, B2C2)

  2. Execution Simulator: Predicted 3.8% slippage if executed on Binance vs. 1.7% via OTC

  3. Confidentiality Proxy: Masked true size with 3 synthetic RFQs of 200-400 BTC

Execution Results:

Metric
Public Exchange
Royen Software OTC

Avg Fill Price

$41,200

$41,850

Slippage

3.8%

1.7%

Savings

–

$1.05M

"Royen Software multi-desk RFQ let us capture 41.8k vs Binance’s 41.8k mid-price during illiquid markets." – Fund Trading Lead (Anonymous)

Case Study 2: Executing $10M Trade During FOMC Volatility

Client: Macro Hedge Fund (Equity: 800M) Buy 250BTC (800M)∗∗Challenge:∗∗Buy250BTC(10M) 5 minutes before Fed rate decision.

PrimeSuite Playbook:

  1. Price-Impact Simulator: Modeled 4 scenarios:

    • +25bps Shock: 8.2% upside volatility

    • -50bps Shock: 5.1% downside risk

  2. Liquidity-Weighted Slicing:

    • 40% order during pre-announcement liquidity surge

    • 60% split into 15-second TWAP intervals post-announcement

  3. Real-Time Alerts: Paused execution when BTC 1m volatility exceeded 20%

Results:

  • Achieved avg price of 39,400 vs.spotmarket’s39,400vs.spotmarket’s 39,900 post-FOMC spike

  • 0.5% price improvement ($200k saved) vs. market orders

  • Completed full execution in 4m 12s (vs. 8-10m manual strategy)

Live dashboard showing liquidity-adjusted slicing during volatility

Case Study 3: Audit Trail for $450M Institution

Client: Swiss Private Bank (Crypto AUM: $450M) Challenge: Prepare MiCA/FATF reports for 2,300 quarterly transactions.

PrimeSuite Workflow:

  1. Automated Logging:

    • 100% trades cryptographically signed to blockchain (256-bit SHA)

    • Auto-tagged transactions by jurisdiction (EU vs. APAC vs. US)

  2. Compliance Automation:

    • Sanctions screening via Chainalysis API (0.2s per tx vs. 8hrs manual)

    • Generated FATF Travel Rule reports in 3 clicks

  3. Saved Costs:

    • Reduced compliance team size from 12 → 4 FTEs

    • Cut audit prep time from 3 weeks → 18 hours

Before/After:

Metric
Legacy System
Royen Software

Trade Reconciliation

14 hrs/week

0.5 hrs/week

False Positives

23%

2.1%

Audit Fees

$280k/yr

$45k/yr

Case Study 4: Treasury Diversification for Bitcoin Miner

Client: Publicly Traded Mining Co (Holds 22,000 BTC) Challenge: Sell 5,000 BTC ($200M) to fund ASIC orders without crashing price.

PrimeSuite Strategy:

  1. Multi-Venue Routing: Split order across 5 OTC desks + CME futures basis trades

  2. Dark Pool Matching: Found undisclosed buyer for 1,200 BTC via partner network

  3. Settlement Tracking: Automated T+2 fiat reconciliations with 6 banks

Outcomes:

  • Achieved 0.9% slippage vs. 2.5% industry avg for $200M+ trades

  • Saved $3.2M in implicit costs

  • Completed full exit in 11 days (vs. 28-day initial estimate)

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