Finery
Markets has extended its liquidity partnership with Sage Capital Management,
bringing institutional clients consolidated access to crypto markets through a
three-way arrangement that includes connectivity provider Gold-i.
The
expanded agreement connects institutions to more than 200 digital assets
through a single API integration, addressing fragmentation issues that have
historically complicated institutional participation in crypto markets. The
setup combines Finery’s non-custodial trading
platform with Sage
Capital’s prime brokerage services and Gold-i’s connectivity infrastructure.
The
partnership divides responsibilities across three firms. Sage Capital provides
prime brokerage functions including lending with leverage up to 10x and
cross-venue margining capabilities. Gold-i handles technical connectivity to
Finery’s electronic communication network, while Finery operates the trading
infrastructure that merges quote streams, request-for-quote functionality, and
order book execution.
- Bitcoin Price Lost 25% in Q1 2025 but Crypto Volumes Surged 141% Amid Pro-Crypto Policy Shift
- Bitcoin Price Is Dropping the Most Since 2022, but Finery Markets Reports Record $1.8B Volume
The
arrangement eliminates the need for institutions to negotiate separate
agreements with multiple vendors or build custom integrations for each
liquidity source. Clients can access real-time pricing and execute trades
through Finery’s platform while tapping Sage Capital’s balance sheet for margin
lending and custody services.
Konstantin Shulga, CEO and co-founder of Finery Markets
“Through
this collaborative effort, we achieve three major goals: improving liquidity
access, reducing operational complexity, and adhering to regulatory
compliance,” said Konstantin Shulga, CEO of Finery Markets. “Our
unified, always-on institutional infrastructure removes the engineering burden
from institutions, allowing them to focus entirely on trading strategy and
capital efficiency.”
Prime
Brokerage Services Target Institutional Demand
Sage
Capital’s role centers on providing services typically associated with
traditional prime brokers. The firm offers insured custody arrangements and
lending facilities that support leveraged trading strategies across multiple
venues. The setup allows hedge funds and proprietary trading desks to margin
positions across different exchanges through a single counterparty
relationship.
“Institutions
need more than access; they need depth, reliability, and safeguards,” said
Nathan Sage, CEO and Founder of Sage Capital Management. “Through this
partnership, we’re providing Finery Markets clients deep liquidity and competitive
spreads across major digital assets plus unique prime broker services,
delivered through a regulated gateway with insured custody and balance sheet
strength.”
The
platform maintains 24/7 operation with millisecond-level execution speeds,
according to the companies. Target clients include over-the-counter desks,
retail brokers seeking crypto exposure, and institutional traders managing
multi-asset portfolios.
Finery
Markets has been expanding its institutional partnerships throughout 2024 and
early 2025. The company recently partnered with B2BROKER to power OTC operations and teamed up with Zodia Markets, a digital asset broker backed by
Standard Chartered Bank, amid expectations that OTC markets could grow more
than 60% in 2025.
Gold-i
Provides Technical Bridge
Gold-i’s
contribution focuses on connectivity solutions that link institutional systems
to Finery’s network. The company provides integration tools that allow clients
to connect existing order management and execution systems to the crypto
trading infrastructure without extensive custom development.
Tom Higgins, founder and CEO of Gold-i
“This
partnership strengthens Gold-i’s position as a leading provider in the digital
asset infrastructure space,” said Tom Higgins, Founder and CEO of Gold-i.
“We are delighted to have played a key role in connecting two major
players, Finery Markets and Sage Capital Management, to enhance institutional
access to cryptos.”
The
arrangement comes as institutional demand for standardized crypto market access
continues to grow. Traditional financial firms have faced challenges adapting
existing infrastructure to crypto markets, where liquidity remains dispersed
across multiple venues and regulatory frameworks vary by jurisdiction.
The
company, founded in 2019, has built relationships with more than 150
institutional clients across 35 countries. Earlier this year, Finery launched specialized
infrastructure for stablecoin trading and integrated DeFi yield strategies
through Yield.xyz,
expanding its service offerings beyond spot trading.
Finery
Markets has extended its liquidity partnership with Sage Capital Management,
bringing institutional clients consolidated access to crypto markets through a
three-way arrangement that includes connectivity provider Gold-i.
The
expanded agreement connects institutions to more than 200 digital assets
through a single API integration, addressing fragmentation issues that have
historically complicated institutional participation in crypto markets. The
setup combines Finery’s non-custodial trading
platform with Sage
Capital’s prime brokerage services and Gold-i’s connectivity infrastructure.
The
partnership divides responsibilities across three firms. Sage Capital provides
prime brokerage functions including lending with leverage up to 10x and
cross-venue margining capabilities. Gold-i handles technical connectivity to
Finery’s electronic communication network, while Finery operates the trading
infrastructure that merges quote streams, request-for-quote functionality, and
order book execution.
- Bitcoin Price Lost 25% in Q1 2025 but Crypto Volumes Surged 141% Amid Pro-Crypto Policy Shift
- Bitcoin Price Is Dropping the Most Since 2022, but Finery Markets Reports Record $1.8B Volume
The
arrangement eliminates the need for institutions to negotiate separate
agreements with multiple vendors or build custom integrations for each
liquidity source. Clients can access real-time pricing and execute trades
through Finery’s platform while tapping Sage Capital’s balance sheet for margin
lending and custody services.
Konstantin Shulga, CEO and co-founder of Finery Markets
“Through
this collaborative effort, we achieve three major goals: improving liquidity
access, reducing operational complexity, and adhering to regulatory
compliance,” said Konstantin Shulga, CEO of Finery Markets. “Our
unified, always-on institutional infrastructure removes the engineering burden
from institutions, allowing them to focus entirely on trading strategy and
capital efficiency.”
Prime
Brokerage Services Target Institutional Demand
Sage
Capital’s role centers on providing services typically associated with
traditional prime brokers. The firm offers insured custody arrangements and
lending facilities that support leveraged trading strategies across multiple
venues. The setup allows hedge funds and proprietary trading desks to margin
positions across different exchanges through a single counterparty
relationship.
“Institutions
need more than access; they need depth, reliability, and safeguards,” said
Nathan Sage, CEO and Founder of Sage Capital Management. “Through this
partnership, we’re providing Finery Markets clients deep liquidity and competitive
spreads across major digital assets plus unique prime broker services,
delivered through a regulated gateway with insured custody and balance sheet
strength.”
The
platform maintains 24/7 operation with millisecond-level execution speeds,
according to the companies. Target clients include over-the-counter desks,
retail brokers seeking crypto exposure, and institutional traders managing
multi-asset portfolios.
Finery
Markets has been expanding its institutional partnerships throughout 2024 and
early 2025. The company recently partnered with B2BROKER to power OTC operations and teamed up with Zodia Markets, a digital asset broker backed by
Standard Chartered Bank, amid expectations that OTC markets could grow more
than 60% in 2025.
Gold-i
Provides Technical Bridge
Gold-i’s
contribution focuses on connectivity solutions that link institutional systems
to Finery’s network. The company provides integration tools that allow clients
to connect existing order management and execution systems to the crypto
trading infrastructure without extensive custom development.
Tom Higgins, founder and CEO of Gold-i
“This
partnership strengthens Gold-i’s position as a leading provider in the digital
asset infrastructure space,” said Tom Higgins, Founder and CEO of Gold-i.
“We are delighted to have played a key role in connecting two major
players, Finery Markets and Sage Capital Management, to enhance institutional
access to cryptos.”
The
arrangement comes as institutional demand for standardized crypto market access
continues to grow. Traditional financial firms have faced challenges adapting
existing infrastructure to crypto markets, where liquidity remains dispersed
across multiple venues and regulatory frameworks vary by jurisdiction.
The
company, founded in 2019, has built relationships with more than 150
institutional clients across 35 countries. Earlier this year, Finery launched specialized
infrastructure for stablecoin trading and integrated DeFi yield strategies
through Yield.xyz,
expanding its service offerings beyond spot trading.
