sFOX is a cryptocurrency prime dealer that aggregates liquidity from over 30 providers, enabling institutional investors to execute trades with reduced slippage and improved pricing across 80+ markets. The platform offers a secure, compliant infrastructure with full trade lifecycle support, addressing the need for efficient capital management and operational scalability in digital asset trading.
Funding
$23.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DCPAFounders
Product
Problem
Institutional investors in cryptocurrency markets face challenges in accessing deep liquidity and achieving optimal pricing due to fragmented trading venues. Managing multiple exchange accounts and navigating complex order types can be inefficient and increase operational overhead. Furthermore, security concerns and the need for robust custody solutions add to the complexity of digital asset trading.
Solution
sFOX provides a prime dealer platform that aggregates liquidity from over 30 cryptocurrency exchanges and liquidity providers, offering institutional investors a unified access point to 80+ markets. The platform's smart order routing algorithms and diverse order types enable users to automate best price execution and minimize slippage. sFOX offers a secure, compliant infrastructure with full trade lifecycle support, including custody, clearing, and settlement services. By consolidating these services, sFOX streamlines digital asset trading, enhances capital efficiency, and reduces operational complexity for institutions.
Target Audience
sFOX primarily targets institutional investors, including asset managers, financial institutions, advisors, hedge funds, crypto exchanges, and family offices, as well as sophisticated individual traders seeking advanced trading tools and secure infrastructure.
Features
- Aggregated liquidity from 30+ exchanges and liquidity providers
- Access to 80+ cryptocurrency markets from a single account
- Smart order routing for automated best price execution
- Support for 15+ order types, including TWAP, Stop, and Trailing Stop orders
- Patented geographically-distributed MPC wallets for secure cryptocurrency storage
- $200MM insurance coverage for physical destruction of cryptocurrency private keys
- SOC 2 certification and FinCEN registration for regulatory compliance
- API access for programmatic trading and integration with existing systems
- Mobile app for iOS devices