“Can a regulated, institutionally-connected OTC crypto liquidity desk become the full-service digital asset trading and settlement infrastructure of choice for global institutional clients?”
Founded in 2017 as the cryptocurrency arm of Makor Group — an FCA-regulated institutional brokerage — Enigma Securities was built to bring institutional-grade OTC trading to digital assets. The company evolved from a hardware-wallet-dependent settlement operation into a technology-first liquidity provider by adopting Fireblocks, enabling a 270x increase in quarterly trading volume. More recently, Enigma has pushed into on-chain yield and tokenized real-world assets, bridging traditional institutional finance flows with DeFi infrastructure via partnerships like OpenTrade.
Enigma Securities's crypto products run on OpenTrade and Fireblocks.
Enigma Securities was founded by Avi Bouhadana and Rudy Perez and is founded in 2017, headquartered in London, United Kingdom.
Get a read on where your own stack stands against Enigma Securities and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.