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:
Liquidity Aggregator: Pulled RFQs from 8 OTC desks (Kraken, Coinbase Prime, B2C2)
Execution Simulator: Predicted 3.8% slippage if executed on Binance vs. 1.7% via OTC
Confidentiality Proxy: Masked true size with 3 synthetic RFQs of 200-400 BTC
Execution Results:
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:
Price-Impact Simulator: Modeled 4 scenarios:
+25bps Shock: 8.2% upside volatility
-50bps Shock: 5.1% downside risk
Liquidity-Weighted Slicing:
40% order during pre-announcement liquidity surge
60% split into 15-second TWAP intervals post-announcement
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:
Automated Logging:
100% trades cryptographically signed to blockchain (256-bit SHA)
Auto-tagged transactions by jurisdiction (EU vs. APAC vs. US)
Compliance Automation:
Sanctions screening via Chainalysis API (0.2s per tx vs. 8hrs manual)
Generated FATF Travel Rule reports in 3 clicks
Saved Costs:
Reduced compliance team size from 12 → 4 FTEs
Cut audit prep time from 3 weeks → 18 hours
Before/After:
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:
Multi-Venue Routing: Split order across 5 OTC desks + CME futures basis trades
Dark Pool Matching: Found undisclosed buyer for 1,200 BTC via partner network
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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