GoQuant, Copper, and GSR Partner to Launch GoDark — Crypto’s First Institutional Dark Pool

GoQuant, Copper, and GSR Partner to Launch GoDark — Crypto’s First Institutional Dark Pool

Miami, Florida / London, UK / Zug, Switzerland / Oct. 31, 2025
Today marks the launch of GoDark, the first institutional dark pool purpose-built for digital assets — fully non-displayed, non-custodial, and exchange-independent. The platform will be anchored by GoQuant’s high-performance order matching technology, Copper’s institutional-grade custody and settlement infrastructure, and GSR’s deep two‑sided liquidity, offering crypto block trading with execution quality built for a new market era.

At launch, GoDark will offer spot cryptocurrency trading, with plans to expand into perpetual futures, conventional futures, options, and other instruments. Several institutions have already agreed to use GoDark alongside GSR, including FRNT Financial (TSXV: FRNT), Stillman Digital (a DeFi Technologies Inc. (NASDAQ: DEFT) company), Fasanara Capital, Capital Union Bank, Tyr Capital, Hercle, Valos, and Trillion Digital.

A Venue Designed for Institutions

GoDark was created to solve one of the most persistent challenges in digital asset markets: how to execute large orders without signaling intent or creating slippage. It is a non-displayed trading venue that allows institutional participants to match orders with speed, precision, and discretion—while maintaining custody control throughout the lifecycle of a trade. The platform delivers:

• Ultra-low-latency matching, powered by deterministic algorithms tailored for HFT-grade performance
• Configurable execution protections, including minimum fill sizes and the option to require that orders only execute if they match the best price available on various lit venues (something akin to respecting the NBBO in U.S. equities)
• Strict privacy protections, with no pre-trade display or information leakage
• Non-custodial settlement, enabled by Copper’s robust settlement and custody framework
• Immediate institutional liquidity access, with GSR as anchor liquidity provider

Why GoDark Matters Now

Despite growing institutional interest, the infrastructure for executing large digital asset trades has remained fragmented, inefficient, and opaque. Block trades often suffer from slippage, excessive fees, and information leakage, leading to degraded execution quality and reduced alpha. GoDark addresses these challenges head-on by offering a purpose-built, non-displayed venue that prioritizes execution integrity, low latency performance, and near-instant settlement. As digital assets mature into a core asset class for funds, allocators, and trading firms, GoDark arrives at a critical moment— filling a long-standing gap in the institutional execution stack.

Executive Commentary

“Institutions shouldn’t have to tip their hand just to trade. Our platform gives them the ability to execute large crypto orders privately, without pushing prices against themselves or flooding public markets with information others can exploit. By keeping sensitive flows confidential, we protect clients and preserve healthier lit markets.”

— Denis Dariotis, Founder & CEO of GoQuant

"Firms can often face a trade-off between revealing their activity on-chain or assuming exchange counterparty risk. GoDark enables block orders to remain private, and Copper supports this with our instant settlement and custody solutions, allowing institutions to trade at scale without direct exchange exposure."

— Amar Kuchinad, Global CEO of Copper

“A lack of institutional block-trading infrastructure has been a challenge for crypto markets. By introducing private, non-displayed matching, GoDark provides institutions with a new way to transact confidently, contributing to the development of overall market structure."

— Jon Loflin, Chief Investment Officer of GSR

About GoQuant

GoQuant is a unified digital asset trading infrastructure platform, spanning data, execution, risk, operations, and credit. Designed to maximize alpha and reduce costs, GoQuant delivers ultra-low latency execution, smart routing, risk analytics, portfolio optimization, OTC automation, and credit discovery — across centralized and decentralized markets, all through a self-hosted, privacy-first architecture.

For more information, please visit:

GoQuant.io
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About Copper

Since being founded in 2018, Copper.co ("Copper") has been building the standard for institutional digital asset infrastructure with a focus on custody and collateral management. Underpinned by multi-award-winning technology, Copper has built a comprehensive and secure suite of products and services required to safely custody and trade digital assets. Copper Network is the institutional gateway to the digital asset ecosystem, offering clients integrated connectivity to hundreds of leading market participants through a single platform. At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and settle trades in near real-time across multiple exchanges while mitigating counterparty risk and increasing capital efficiency.

For more information, please visit:

Copper.co
LinkedIn
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About GSR

Founded in 2013, GSR is a global leader in digital asset trading, market making, and liquidity provision. With over a decade of experience in cryptocurrency markets, GSR operates one of the largest and most sophisticated trading operations in the industry. The firm partners with leading token projects, trading venues, and institutions, offering a full suite of services including algorithmic trading, liquidity solutions, and strategic investment. GSR is headquartered in London with offices across the United States, Europe, and Asia.

For more information, please visit:

GSR.io
LinkedIn
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Media Contact

press@goquant.io
copper@portland-communications.com
media@gsr.io