STIX
STIX operates a regulated digital asset secondary marketplace with a privacy-first darkpool, serving institutional investors, venture capital firms, family offices, protocol treasuries, and corporates seeking liquidity for illiquid crypto positions.
- Company typePrivate
- Founded2023
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What STIX does
STIX, operated by Secondary Global Inc (incorporated in Panama) through its regulated entity STIX OTC FZE in Dubai/UAE, runs an end-to-end regulated digital asset secondary marketplace platform targeting illiquid crypto positions. The platform's core mechanism is a privacy-first darkpool that enables sellers to transact without revealing identity while minimizing counterparty risk for buyers, supplemented by a data-driven price discovery tool and bespoke structured OTC solutions for protocols seeking treasury liquidity and corporates managing secondary market positions. Integrated modules include the STIX Terminal for professional trading, plus Dashboard, Portfolio, Listings, and My Entities for portfolio and entity management.
The business operates across five primary customer segments: founders and team members diversifying personal crypto holdings, venture capital and family offices seeking secondary deal flow, institutional investors accessing private crypto deals through compliant rails, protocol treasuries, and corporates managing balance sheet risk from private positions. GTM combines self-serve platform onboarding via app.stix.co for darkpool access with direct relationship sales for structured OTC solutions. Revenue is generated through transaction fees on secondary market trades; pricing is not publicly disclosed and bespoke structured deals operate on multi-year contracts. STIX reports a $4.5B+ deal book, $200M+ historical volume, 1,000+ clients, and 50+ assets transacted. The company is privately held, founded in 2023, with a team in the 11-50 range led by CEO Taran Sabharwal.
STIX firmographics
Firmographics- Name
- STIX
- Legal name
- Secondary Global Inc
- Website
- https://stix.co
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- STIX operates a regulated digital asset secondary marketplace with a privacy-first darkpool, serving institutional investors, venture capital firms, family offices, protocol treasuries, and corporates seeking liquidity for illiquid crypto positions.
- Ownership category
- akta.pro rank
STIX industry classification
Industry- Product category
- Digital Asset Trading Platform
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (5232), Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Dark Pools & Block Trading Platforms (FSAFANAK)
- akta.pro secondary industries
- Digital Asset/Crypto Trade Execution Platforms (FSAFANAO), RFQ / Request-for-Quote DEXs (OTC-style On-Chain) (FSADABAG)
Keywords
Where STIX is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
STIX business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Secondary Market Transaction Fees: STIX generates revenue through transaction fees on secondary market trades executed through its regulated platform, facilitating buying and selling of illiquid crypto positions between counterparties in its darkpool and structured OTC solutions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Platform Access - Darkpool & Price Discovery |
| Other | Multi-year contract | Structured Solutions - Custom Treasury & OTC |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
STIX product offering
Product offeringCore offering
STIX provides a regulated end-to-end platform for secondary market transactions in private digital asset positions, featuring a privacy-first darkpool marketplace that enables anonymous matching of buyers and sellers. The platform combines a data-driven price discovery tool for illiquid assets with structured OTC solutions tailored to protocols and corporates seeking treasury and equity liquidity. It serves founders, VCs, family offices, institutional investors, protocol treasuries, and corporates managing pre-token, locked, and vesting positions.
Product overview
STIX is a unified platform offering privacy-first liquidity solutions for the digital asset secondary markets. The core STIX Platform provides end-to-end regulated infrastructure supporting a darkpool-based secondary marketplace for anonymous asset sales, data-driven fair market pricing discovery, and tailored structured solutions for treasury liquidity. The platform comprises integrated modules including STIX Terminal (advanced trading interface), Dashboard (account management), Portfolio (position tracking), Listings (marketplace browsing), and My Entities (corporate entity management), serving founders, venture capital, family offices, institutional investors, protocol treasuries, and corporates.
Differentiator
Problem solved
Functional benefit
Products and services
- STIX Platform
Quantifiable outcome
- $4.5B+ deal book size
- +3 more outcomes
Companies that use STIX
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles3 records
STIX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
STIX partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
STIX competitors and assessment
Company assessmentDirect peers
- Wintermute: One of the largest crypto-native market makers and OTC liquidity providers, executing block trades and bilateral OTC transactions for institutional digital asset participants. Directly comparable to STIX's OTC desk and darkpool liquidity function for illiquid positions.
- Cumberland (DRW): DRW's crypto trading arm is a major institutional liquidity provider offering OTC block trading and electronic execution in digital assets. Competes directly with STIX for institutional OTC flow on illiquid crypto positions.
- FalconX: Institutional digital asset prime brokerage providing OTC trading, derivatives, and custody-supported execution for crypto funds and trading firms. Directly comparable in serving institutional clients seeking block liquidity and price discovery for illiquid assets.
- B2C2: OTC liquidity provider for institutional crypto trading, offering electronic pricing and block execution across hundreds of pairs. Comparable as a non-custodial OTC counterparty for institutional clients trading illiquid positions.
- Circle Trade: Over-the-counter trading desk of Circle (USDC issuer), providing institutional liquidity across major and emerging digital assets. Comparable to STIX's structured OTC solutions serving protocols, corporates, and institutional investors.
- SFOX: Institutional crypto trading platform providing OTC execution, algorithmic trading, and prime services with aggregated liquidity. Comparable to STIX in serving institutional clients seeking price discovery and execution for illiquid digital assets.
Broad incumbents
- Galaxy Digital: Public crypto financial services firm with trading, asset management, and principal investment operations, including institutional OTC execution. Comparable as a broad incumbent offering institutional digital asset trading alongside a wider product portfolio.
- Coinbase Prime: Institutional trading platform from Coinbase offering OTC block trading, custody, and prime brokerage services to large crypto investors. Comparable as an established regulated venue for institutional digital asset execution.
Emerging players
- tZERO: Regulated alternative trading system and technology provider focused on tokenized securities and private company shares. Comparable as an emerging venue for regulated secondary market trading of private/illiquid digital instruments.
- Securitize Markets: Secondary marketplace platform for tokenized private securities, providing compliant trading and investor onboarding infrastructure. Comparable as an emerging regulated venue addressing secondary market liquidity for illiquid digital assets, overlapping with STIX's protocol and corporate treasury use cases.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
STIX social profiles
Digital presenceSTIX financial estimates
Financial estimateRevenue estimate
Valuation estimate
STIX leadership team
Management profileNumber of profiles
Profiles6 records
STIX funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
STIX M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about STIX
What does STIX do?
STIX provides a regulated end-to-end platform for secondary market transactions in private digital asset positions, featuring a privacy-first darkpool marketplace that enables anonymous matching of buyers and sellers. The platform combines a data-driven price discovery tool for illiquid assets with structured OTC solutions tailored to protocols and corporates seeking treasury and equity liquidity. It serves founders, VCs, family offices, institutional investors, protocol treasuries, and corporates managing pre-token, locked, and vesting positions.
Is STIX a public or private company?
STIX is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was STIX founded?
STIX was founded in 2023. It employs 11 to 50 people.
Where is STIX based?
STIX is headquartered in London, United Kingdom, in the Europe region.
How does STIX make money?
One revenue line is on record: secondary Market Transaction Fees.
Who are STIX's main competitors?
Direct peers on record are Wintermute, Cumberland (DRW), FalconX, B2C2, Circle Trade and SFOX. Broad incumbents are Galaxy Digital and Coinbase Prime. Emerging players are tZERO and Securitize Markets.
Does STIX have an API?
No public API is recorded for STIX.
What industry is STIX in?
STIX's product category is Digital Asset Trading Platform. Its primary akta.pro industry code is FSAFANAK, Dark Pools & Block Trading Platforms, with a secondary code of FSAFANAO, Digital Asset/Crypto Trade Execution Platforms. Its NAICS code is 5231 and its SIC code is 6200.