Zodia
Markets has established a partnership with Finery Markets to enhance
institutional access to digital asset and fiat liquidity, the companies
announced today.
The
collaboration connects Zodia, a digital asset broker backed by Standard
Chartered Bank, with Finery Markets’ non-custodial crypto Electronic
Communication Network (ECN) and Software-as-a-Service trading solutions.
Zodia, Finery Partner to
Boost Institutional Digital Asset Liquidity
Through the
arrangement, Zodia Markets will offer its Forex pairs with same-day settlement
capabilities through Finery’s platform using a Request-for-Quote (RFQ) trading
method. The integration aims to eliminate technical barriers that have
traditionally slowed institutional adoption of digital assets.
“By
joining the Finery ecosystem, we’re removing the operational and technical
barriers that have historically slowed institutional adoption,” said Mark
Richardson, Chief Commercial Officer at Zodia Markets. “We’re making it
significantly easier for a wider network of market participants to access our
liquidity—securely, efficiently and at scale.”
The
partnership leverages Finery Markets’ existing integrations with prime brokers,
including Hidden Road, allowing Zodia Markets to price and settle with clients
across the Finery ecosystem without requiring additional technical integration.
Finery
Markets, established in 2019, has built a client base of over 150 digital asset
firms across more than 35 countries, including payment providers, brokers, OTC
desks, hedge funds, and custodians.
As FinanceMagnates.com reported in the middle of last month, Finery recorded triple-digit growth in OTC
trading volumes amid increasing institutional adoption. In February, the volume
reached $1.8 billion, up 135% compared to the same month a year earlier.
Institutional Crypto
Trading Partners Target 60% OTC Growth
According
to Finery Markets’ recent market research, over one-third of institutional
liquidity providers expect over-the-counter markets to grow by more than 60% in
2025, indicating increasing institutional interest in digital asset trading.
“More
advanced players are entering the crypto market, seeking to reduce risks in
their trading operations while expecting top-tier infrastructure,” added Konstantin
Shulga, CEO and co-founder of Finery Markets. “Since the beginning, we’ve
focused on making sure every corporate client can easily start using crypto
with Finery Markets.”
The service
will be available across Finery Markets’ product suite, including FM
Marketplace, FM Liquidity Match, and FM Whitelabel.
Zodia
Markets currently supports over 60 digital assets and more than 20 fiat
currencies. The company maintains regulated entities in the United Kingdom,
Ireland, and Jersey.
In the meantime,
the company has
received a new operational license from the Financial Services Regulatory
Authority (FSRA) of Abu Dhabi Global Market (ADGM), which allows it to
operate as a crypto brokerage in the region.
This article was written by Damian Chmiel at www.financemagnates.com.
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