eNor Securities

What eNor Securities does

eNor Securities (ENOR SECURITIES, S.A. DE C.V.) is a private El Salvador-headquartered financial infrastructure provider, founded in 2022 and operating under dual regulation: a DASP license (DASP-0014) from CNAD for digital asset services and a BSP license from the BCR for Bitcoin services, with direct participation in the Transfer365 payment system and LBTR real-time gross settlement. The company sells B2B2B infrastructure to fintechs, neobanks, financial institutions, corporates, and wealth managers, who embed its rails under their own brands via a single API rather than building proprietary stacks and obtaining their own licenses.

The platform centers on the OpenDASP orchestration engine, which exposes six modular capabilities: Global Accounts (multi-currency, segregated nominal accounts with FX, card issuing via Enor Card, and treasury management), Asset Custody (Fireblocks + BitGo MPC infrastructure across 20+ blockchains with asset segregation, multi-signature governance, loss insurance, and continuous Proof of Reserves), Deep Liquidity (aggregation from 8+ providers with a proprietary best-execution algorithm and 24/7 OTC desk), Global Payments (intelligent routing across Transfer365, Brazil instant payments, and blockchain settlement), Asset Exchange (fiat-crypto-tokenized conversion with integrated KYC/AML), and Wealth Management (tokenized fixed income, commodities, real estate, and international RWA with segregated custody and automated rebalancing). Technical standards include ISO 20022 messaging, AES-256-GCM encryption, 99.99% uptime guarantee, and sub-150ms global latency.

The business model is enterprise SaaS with multiple monetization streams: transaction and trading fees (spreads from 0.01% on major pairs), subscription/platform licensing for API access, custody fees, and flexible wealth-management remuneration models (management, performance, transaction, or hybrid fees configurable by partners). The company reports $8B+ cumulative volume processed and 100+ connected countries, with a stated geographic footprint across Central America, South America (Brazil, Colombia, Argentina, Chile, Peru), Europe (Spain, UK, Portugal, Switzerland), Mexico, Singapore, and the UAE. Ownership is private and founder/management-controlled with no disclosed external funding rounds or institutional investors.

Name

eNor Securities

Legal name

ENOR SECURITIES, S.A. DE C.V.

Website

https://enorsecurities.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

eNor Securities is a regulated El Salvador-based B2B2B financial infrastructure platform that provides fintechs, wealth managers, corporates, and financial institutions with multi-currency global accounts, institutional custody, payments, and tokenized-asset services via a single API.

Ownership category

akta.pro rank

Product category

Financial Infrastructure

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (5232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)

akta.pro secondary industry

B2B Crypto Payouts, Mass Payments & Treasury Disbursements (FSADAIAF)

Keywords

• Financial infrastructure
• Embedded finance API
• Digital asset custody
• Payment orchestration
• Wealth management platform

Headquarters

HQ city

San Salvador

HQ country

El Salvador

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Revenue model

1. Transaction/Trading Fees: Fees charged per trade executed on the platform. Competitive spreads from 0.01% for major pairs. Includes OTC desk for high-volume orders with discreet execution and no market impact.
2. Wealth Management - Management Fee: Partners can charge fixed annual fee on Assets Under Management (AUM). Example: 1.5% p.a. on AUM. Platform calculates and distributes automatically.
3. Wealth Management - Performance Fee: Partners can charge fees on returns exceeding a defined benchmark. Example: 20% on return above CDI benchmark.
4. API/Platform Infrastructure Licensing: B2B2B model where fintechs, financial institutions, corporates, and wealth managers pay to embed Enor's infrastructure (accounts, custody, payments, exchange) via single API without CAPEX or regulatory friction.
5. Custody Fees: Institutional custody services for digital assets with asset segregation, multi-sig governance, and loss insurance.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

eNor Securities provides B2B financial infrastructure via API, bundling global accounts, custody, liquidity, payments, exchange, an Enor Card product, and wealth management into a single platform intended for fintechs, financial institutions, corporates, and wealth managers.

Product overview

Enor Securities operates a modular B2B infrastructure-as-a-service platform designed for fintechs, financial institutions, corporates, and wealth managers to offer financial services without building their own infrastructure. The core offering consists of the Enor OpenDASP Orchestration Engine — a single-API platform that provides access to six integrated modules: Global Accounts (multi-currency, segregated nominal accounts with FX, card issuing, and treasury management), Asset Custody (Fireblocks + BitGo MPC-powered multi-chain digital asset custody with segregation and insurance), Deep Liquidity (aggregation from 8+ providers for best-execution in crypto, FX, and stablecoins with smart order routing), Global Payments (intelligent routing across Transfer365, global networks, Brazil's instant payment system, and blockchain settlement), Asset Exchange (Fiat↔crypto↔tokenized asset conversion with integrated compliance), and the Enor Card (Visa debit card with multi-currency auto-conversion). An additional Wealth Management module provides tokenized real assets (fixed income, commodities, real estate), international assets (stocks, bonds, ETFs), multi-asset portfolio dashboard, automated rebalancing, and flexible partner remuneration models — all backed by the same DASP and BSP regulatory licenses and Fireblocks custody infrastructure.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• US$ 8B+ volume processed through the platform
• +6 more outcomes

Segments6 records

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability3 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core.

• FireblockscoreTechnology or IntegrationInstitutional custody infrastructure using Fireblocks + MPC (Multi-Party Computation) for digital asset custody. Private keys distributed never exist at single point. Supports multi-chain wallets with asset segregation and multi-signature governance.
• ChainalysiscoreTechnology or IntegrationBlockchain analytics and compliance partner providing transaction monitoring, sanctions screening, and regulatory compliance verification for digital asset operations.
• TethercoreTechnology or IntegrationStablecoin integration for blockchain settlement, global payments, and liquidity pools. Supports USDT trading and stablecoin settlement across operations.
• BinancecoreTechnology or IntegrationExchange and liquidity provider integration for deep liquidity pools and Best-Ex execution. Access to aggregated quotes from 8+ liquidity providers.
• BitGocoreTechnology or IntegrationMPC custody partner alongside Fireblocks for institutional digital asset custody with asset segregation and multi-signature governance.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Binance: World's largest crypto exchange and a liquidity provider integrated into Enor's deep liquidity aggregation. Comparable exchange and tokenized asset trading functionality, though at vastly different scale and regulatory positioning.
• Circle: Issuer of USDC and broader stablecoin/treasury infrastructure with API-based services for fintechs and enterprises. Broader scope and global reach, but overlapping B2B2B digital asset infrastructure positioning.
• Coinbase Prime: Institutional arm of Coinbase offering custody, trading, and prime brokerage for digital assets. Significantly larger scale and broader asset coverage but targets the same institutional and fintech B2B segment.

Direct peers

• BitGo: Institutional digital asset custodian and liquidity provider. Competes with and supports Enor's custody layer; both target institutional clients with multi-sig and MPC custody plus staking services.
• Anchorage Digital: Federally chartered digital asset bank offering custody, trading, and staking to institutions. Comparable regulated digital asset infrastructure targeting similar institutional and fintech segments.
• Fireblocks: Institutional digital asset custody and infrastructure platform. Direct competitor and partner for Enor's custody offering; both serve fintechs and institutions with MPC custody, multi-chain wallets, and payment infrastructure.
• BVNK: B2B payments infrastructure provider specializing in stablecoin and fiat rails for fintechs and enterprises. Comparable in providing embedded global accounts, payments, and currency conversion via single API.
• Paxos: Regulated blockchain infrastructure platform offering custody, tokenization, and stablecoin issuance to enterprises and fintechs. Comparable regulated B2B model with similar product breadth.
• Zero Hash: B2B2B digital asset infrastructure platform offering custody, trading, and payments via API to fintechs and broker-dealers. Closely comparable business model to Enor's OpenDASP orchestration layer.

Others

• Chainalysis: Blockchain analytics and compliance platform. Not a direct competitor but a core technology enabler for Enor's AML/KYC and transaction monitoring workflows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/eNorsecurities
• Facebookfacebook.com/enorsecurities
• LinkedInlinkedin.com/company/enor-securities

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about eNor Securities