01 /
Brief
One of the largest algorithmic market makers operating across centralized and decentralized exchanges, providing critical liquidity for tokenized assets.
02 /
Snapshot
Key terms and identifiers.
- Asset classes
- Treasuries, Commodities
03 /
Milestones
How this player got here.
- Q1 2026Institutional tokenized gold OTC desk launched (PAXG and XAUT)
- Jan 2025Daily volume crosses $5B
- Jun 2024RWA market making division launched
04 /
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
