“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.