Finery Markets, a leading provider of no-book ECN and SaaS trading solutions, 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 performance in the fragmented crypto market.
This latest development is the result of a multi-party collaboration 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 unifies fragmented crypto markets to serve the specialized liquidity needs of OTC offices, brokers, hedge funds, traders and other financial institutions. Leveraging the integrated functionality of three specialized tiers, Finery Markets, Sage Capital Management and Gold-i have created a cohesive institutional “liquidity highway”, eliminating the infrastructure complexity that currently hinders rapid institutional connectivity with fragmented crypto markets:
| Partner | Specialized Role | Key Contribution |
| Sage Capital Management | Next Gen Digital Prime Broker & Liquidity Provider | Through a single API, Finery clients have access to full core brokerage services, including up to 10x leveraged lending across venues, and highly competitive real-time pricing and deep liquidity (200+ assets) via Quote Streams. |
| Gold-i | Connectivity provider | It provides flexible seamless connectivity to integrate with Finery Markets ECN. |
| Shopping for cosmetics | ECN & Trading Infrastructure | It hosts the non-custodial trading infrastructure, merging all components into a unified, functionally lightweight orchestration trading layer that includes Quote Flows, RFQs and Order Book execution. |
Working together, the three companies eliminate the need for institutions to manage multiple vendor relationships and costly end-to-end integrations. Clients benefit from a bid flow execution environment with 24/7 uptime, fully compliant counterparties and millisecond level accuracy.
Konstantin Shulga, CEO of Finery Markets, said:
“Through this collective effort, we are achieving three key goals: improving access to liquidity, reducing operational complexity and meeting regulatory compliance. Our unified, always-on institutional infrastructure removes the mechanical 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, credibility and safeguards. Through this partnership, we provide Finery Markets clients with deep liquidity and competitive spreads on major digital assets, as well as unique prime broker services, delivered through a controlled gateway with secured custody and balance sheet strength. This ensures consistent service execution and client expectations banks.”
Tom Higgins, founder and CEO of Gold-i, added,
“This partnership strengthens Gold-i’s position as a leading provider of digital asset infrastructure. We are pleased to play a key role in bringing together two major players, Finery Markets and Sage Capital Management, to enhance institutional access to cryptocurrencies.”
About Sage Capital Management
Operating since 2015, Sage Capital Management is a regulated digital asset broker providing institutional clients with access to deep liquidity at highly competitive rates, multi-venue execution, collateralized lending and crypto banking. With operations in multiple jurisdictions and partnerships with leading financial institutions, Sage Capital Management is committed to providing 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 recognized global leader in trading technology for both the crypto and forex industries, trusted by brokers, mutual funds, trading firms, LPs, exchanges and crypto institutions around the world.
Gold-i is known 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 more than 80 Liquidity Providers and 35 crypto exchanges, and empowers users with a multitude of routing and aggregation methods, as well as the ability to customize execution models to suit the unique preferences of different types of customers. Among its many benefits, it enables institutional clients to access large pools of liquidity, achieve better pricing, acquire more clients and reduce toxic trading.
About Finery Markets
Finery Markets is a leading provider of ICT solutions for institutional trading of digital assets, offering a non-reserved crypto ECN and powerful trading SaaS. Specially designed for institutional clients in 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, cryptographic ECN technology, enabling trading via order book, RFQ or quote streams.
Since launching in 2019, Finery Markets has expanded its ecosystem, now serving more than 150 digital asset clients — including payment providers, brokers, OTC offices, hedge funds and custodians. By providing resilient trading infrastructure, Finery Markets enhances capital efficiency, ensures optimal execution, helps manage risk and simplifies settlement processes, 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 listed among the top 300 Fintech companies by CNBC and Statista.
Finery Markets is the first crypto ECN to receive SOC 2 Type 1 & Type 2 certification.