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Liquidity & Exchange Design

Exchange architecture, custody stacks, and liquidity frameworks for institutional-grade secondary markets.

SnapshotLive
<10ms
Matching latency

Order path target

99.99%
Platform uptime

SLA objective

T+0
Settlement finality

On-chain atomic

Hybrid liquidity designs (order book + RFQ + AMM) with surveillance baked in.
Licensing pathways and operational playbooks tailored to your regulator.
Custody and settlement stacks aligned with institutional cyber controls.
Capabilities

Market rails engineered for institutions.

Discuss scope

Exchange Architecture Design

Institutional-grade platforms with matching engines, risk controls, and compliance built in.

Custody Solutions

Hot/cold wallet architecture, multi-sig controls, and insurance structures.

Market Making Frameworks

Liquidity provision for healthy order books and tight spreads.

Regulatory Licensing Strategy

Licensing pathways and compliance frameworks across jurisdictions.

Order Book & AMM Design

Hybrid systems combining order books with AMMs for optimal execution.

Secondary Market Infrastructure

Settlement, clearing, and corporate actions for tokenized secondary markets.

Who we serve

Exchange and liquidity partners.

Our liquidity practice serves a diverse range of clients building or accessing digital asset market infrastructure.

Example counterparts
Live

Governments & Central Banks

Building national digital asset exchanges, central bank digital currencies (CBDCs), and sovereign tokenization platforms.

Live

Financial Institutions

Institutional custody, prime brokerage, and trading infrastructure for banks, asset managers, and broker-dealers.

Live

Enterprises & Issuers

Secondary market solutions for enterprises seeking liquidity for tokenized equity, debt, or real-world assets.

Full-stack infrastructure

We design complete market infrastructure stacks, from core matching engines to investor-facing interfaces, ensuring institutional-grade reliability and compliance.

Presentation
Web & Mobile Apps, APIs, Widgets
Business Logic
Order Management, Risk Engine, Compliance
Matching
Order Book, AMM Pools, Hybrid Systems
Settlement
On-chain Settlement, Clearing, Netting
Custody
Hot/Cold Wallets, MPC, HSM

Key metrics we target

<10ms

Order matching latency

99.99%

Platform uptime SLA

100K+

Orders per second

T+0

Settlement finality

Engage

Build your market infrastructure

National exchanges to institutional trading desks — we design the infrastructure.