Back

Areta advises on Skynet's sale of its token loan desk to Da Vinci to mark TradFi's move into token market making

Da Vinci Trading Acquires Skynet Trading's Token Loan Desk

Hong Kong, 20th May 2025 - Areta is pleased to announce that Skynet Trading, a Hong Kong-incorporated market maker for digital assets has divested its token loan desk to Da Vinci, a global proprietary trading firm headquartered in Europe.

With the acquisition of Skynet's token loan desk, Da Vinci takes a natural step towards liquidity provisioning for token projects, complementing its full array of market making and OTC activities in the digital asset space. This strategic move drives the continued expansion of Da Vinci's digital assets operations and further advances its position in the market.

This strategic move allows Skynet Trading to sharpen its focus on the continued innovation and development of its retainer market making’s software offerings and products, reinforcing its commitment to its long-term partners.

This landmark transaction marks a pioneering milestone for digital assets, where a leading proprietary trading firm has acquired certain assets of a crypto-native market maker, to solidify its foothold in the digital assets space. 

Areta acted as the Exclusive Financial Adviser to Skynet Trading.

Read Document