Finery Markets, a leading provider of non-custodial ECN and SaaS trading solutions, has announced that it has expanded its liquidity partnership with Sage Capital Management, to provide institutional clients with enhanced access to deep liquidity and competitive spreads across 200+ assets, significantly improving capital efficiency in the fragmented crypto market.
This latest development is a result of a multilateral partnership between Finery Markets, Sage Capital Management and Gold-i, providing an end-to-end network for institutional access to crypto liquidity and prime broker services. The partnership consolidates fragmented crypto markets to serve the specialized liquidity needs of OTC desks, brokers, hedge funds, prop traders, and other financial institutions. By leveraging the integrated functionality of three specialized layers, Finery Markets, Sage Capital Management and Gold-i have created a cohesive institutional “liquidity highway”, eliminating the infrastructure complexity that currently impedes swift institutional connectivity to fragmented crypto markets:
| Partner | Specialized Role | Core Contribution |
| Sage Capital Management | Next Gen Digital Prime Broker & Liquidity Provider | Through a single API, Finery clients have access to full prime brokerage services including lending up to 10x leverage with cross-venue margining, and highly competitive real-time pricing and deep liquidity (200+ assets) via Quote Streams. |
| Gold-i | Connectivity provider | Provides flexible seamless connectivity to integrate with the Finery Markets ECN. |
| Finery Markets | ECN & Trading Infrastructure | Hosts the non-custodial trading infrastructure, merging all elements into a unified, operationally light orchestration trading layer featuring Quote Streams, RFQ, and Order Book execution. |
By working together, the three firms eliminate the need for institutions to manage multiple vendor relationships and costly point-to-point integrations. Clients benefit from a quote-stream execution environment with 24/7 uptime, fully compliant counterparties, and millisecond-level precision.
Konstantin Shulga, CEO of Finery Markets, said,
”Through this collaborative effort, we achieve three major goals: improving liquidity access, reducing operational complexity, and adhering to regulatory compliance. Our unified, always-on institutional infrastructure removes the engineering burden from institutions, allowing them to focus entirely on trading strategy and capital efficiency.”
Nathan Sage, CEO and Founder of Sage Capital Management, commented,
“Institutions need more than access; they need depth, reliability, and safeguards. 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. This ensures consistent execution alongside the lending and banking services institutions expect.”
Tom Higgins, Founder and CEO of Gold-i, added,
“This partnership strengthens Gold-i’s position as a leading provider in the digital asset infrastructure space. 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.”
About Sage Capital Management
Sage Capital Management, which has been operating since 2015, is a regulated digital asset prime broker providing institutional clients with access to deep liquidity at highly competitive prices, multi-venue execution, collateralised lending, and crypto-linked banking. With operations across multiple jurisdictions and partnerships with leading financial institutions, Sage Capital Management is committed to delivering fast onboarding and secure, efficient, and compliant solutions for professional investors. Sage Capital Management stands out for simplifying institutional access to digital assets through a single API that connects to the full trading ecosystem.
About Gold-i
Headquartered in the UK, Gold-i is a recognised global market leader in trading technology for both the crypto and FX industries, trusted by brokers, funds, prop trading firms, LPs, exchanges and crypto institutions worldwide.
Gold-i is renowned for its advanced liquidity management and distribution platform, MatrixNET as well as its MetaTrader tools and risk management products. Its flagship product, MatrixNET is pre-integrated with over 80 Liquidity Providers and 35 crypto exchanges, and empowers users with a multitude of routing and aggregation methods, as well as the ability to tailor execution models to suit the unique preferences of different client types. Amongst the many benefits, it enables institutional clients to access deep liquidity pools, achieve better prices, gain more clients and reduce toxic trading.
About Finery Markets
Finery Markets is a leading ICT solutions provider for institutional digital asset trading, offering a non-custodial crypto ECN and robust trading SaaS. Specifically designed for institutional clients across more than 41 countries, our infrastructure plays a critical role in their operational resilience, enabling secure and transparent digital asset operations. The company offers the first hybrid, crypto-native ECN technology, enabling trading via an order book, RFQ, or quote streams.
Since its launch in 2019, Finery Markets has expanded its ecosystem, now serving over 150 digital asset clients—including payment providers, brokers, OTC desks, hedge funds, and custodians. By providing resilient trading infrastructure, Finery Markets enhances capital efficiency, ensures optimal execution, assists in risk management, and simplifies settlement processes, all while supporting clients in meeting regulatory requirements.
In 2024, Finery Markets was recognized as one of the top 50 rising stars in the Deloitte Technology Fast 50 competition. The company was named among the Top 300 Fintech Companies by CNBC and Statista.
Finery Markets is the first crypto ECN to receive the SOC 2 Type 1 & Type 2 certification.
