DeFinity Markets
DeFinity Markets is a London-headquartered institutional digital asset and FX ECN, operated via DMALINK Jersey Limited under VASP licensing in Jersey and Mauritius. It serves Professional Clients globally with custody-agnostic trading, FIX API, embedded compliance and deep-learning anomaly detection via Axyon AI.
- Company typePrivate
- Founded2016
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What DeFinity Markets does
DeFinity Markets is an institutional digital asset Electronic Communication Network (ECN) operated by DMALINK Jersey Limited, a VASP-registered entity under the Jersey Financial Services Commission and Mauritius Financial Services Commission. The platform provides pre-trade, order matching and post-trade settlement for digital assets and FX to Professional Clients under MiFID II, supporting 12 crypto assets (including BTC, ETH, MATIC, ADA, USDT, USDC), 38 base currencies, 63 FX pairs and deliverable T+0 FX. Core technology is a custody-agnostic architecture with FIX API connectivity, Infinium GUI, near-instant intraday settlement up to $100m, and integrations with Fireblocks (custody), Talos (API gateway), Chainalysis KYT (compliance) and Axyon AI (anomaly detection).
The platform is accessed via direct institutional sales, FIX API, web GUI or voice trading, and serves globally leading financial institutions, institutional digital asset market makers and licensed VASPs. Revenue is generated through ECN transaction fees and professional services (algo execution tools and liquidity solutions), though pricing is not publicly disclosed. The company positions itself as a regulated, institutional-grade venue offering a standardized public rulebook and embedded AML/KYC framework.
Founded circa 2016-2020 with 11-50 employees headquartered in London, DeFinity is pre-Series A (EY FinTech Consultancy onboarded ahead of the planned round) and operates across EMEA, North America and APAC. Leadership includes founders Manu Choudhary, Chris Park, Michael Idzkowski and Michael Siwek (co-founder and chief revenue officer). Strategic distribution leverage comes via the DMALINK FX rails partnership, which routes fiat FX activity from DMALINK's institutional base into the DeFinity ECN for the digital asset leg of trades.
DeFinity Markets firmographics
Firmographics- Name
- DeFinity Markets
- Legal name
- DeFinity Markets Limited
- Website
- https://definity.network
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- DeFinity Markets is a London-headquartered institutional digital asset and FX ECN, operated via DMALINK Jersey Limited under VASP licensing in Jersey and Mauritius. It serves Professional Clients globally with custody-agnostic trading, FIX API, embedded compliance and deep-learning anomaly detection via Axyon AI.
- Ownership category
- akta.pro rank
DeFinity Markets industry classification
Industry- Product category
- Institutional Digital Asset Trading
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Institutional DeFi & On-Chain Liquidity Infrastructure (Permissioned DeFi, Lending) (FSAGAMAG)
- akta.pro secondary industry
- Liquidity Provision & Market Making Protocols (AMMs, concentrated liquidity, LP tooling) (FSAPAEAF)
Keywords
Where DeFinity Markets is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
DeFinity Markets business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- ECN Trading Fees: Electronic Communication Network transaction fees for institutional digital asset and FX trading. The platform operates as a matching and settlement platform for institutional clients.
- Platform Services: Professional services for financial institutions including algo execution tools and liquidity solutions.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
DeFinity Markets product offering
Product offeringCore offering
DeFinity Markets operates an institutional digital asset Electronic Communication Network (ECN) providing trade matching and settlement across digital assets and FX for Professional Clients under MiFID II. The platform offers custody-agnostic post-trade allocation via third-party custodians or Fireblocks self-custody, FIX API connectivity, an integrated fiat on/off-ramp gateway, an embedded AML/KYC compliance framework, and a deep-learning AI-powered anomaly detection service developed with Axyon AI.
Product overview
DeFinity Markets operates as an institutional electronic communications network (ECN) providing a unified platform for digital assets and FX trading. The core product is the DeFinity ECN, which integrates with the Infinium GUI for visual trading and the FIX API for programmatic connectivity. The platform includes a fiat gateway for on/off ramp operations across 38 currencies and an Anomaly Detection module developed in collaboration with Axyon AI for risk management. The offering features a standardized public rulebook and embedded AML/KYC compliance framework, with custody options via Fireblocks integration.
Differentiator
Problem solved
Functional benefit
Products and services
- DeFinity ECN Institutional digital asset matching and settlement ECN platform providing electronic communication network access across digital assets and FX, with custody-agnostic post-trade allocation, FIX API connectivity, and an embedded AML/KYC compliance framework. Targeted at globally leading Financial Institutions.
- Infinium Web-based graphical user interface for the DeFinity ECN enabling institutional clients to access and execute trades on the platform.
- DeFinity FIX API FIX protocol API enabling seamless connectivity to institutional back office systems for trading on the DeFinity ECN, with pre-trade and post-trade checks included.
- Anomaly Detection Premium crypto market anomaly detection scoring product utilizing deep learning AI models, generating hourly scores (0-100%) for 12 supported crypto assets (AAVE, ADA, BNB, BTC, DOT, ETH, LTC, MATIC, SOL, UNI, XMR, XRP) to provide early warnings of unexpected price behaviors, anomalous liquidity changes, and volatility events.
- Fiat Gateway Integrated fiat on and off-ramp gateway enabling trade across 38 base currencies (GBP, EUR, USD, AUD, CHF, JPY, ZAR, MUR among others) with deliverable T+0 FX settlement for institutional clients.
Quantifiable outcome
- Near-instant intraday settlement up to $100m
- +4 more outcomes
Companies that use DeFinity Markets
Customer profileSegments3 records
Ideal customer profiles3 records
DeFinity Markets technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability3 records
Feature5 records
DeFinity Markets partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- ChainalysiscoreChainalysis KYT real-time transaction monitoring integration. Provides compliance solutions enabling real-time monitoring and assessment of transactions for regulatory protocol adherence. Strengthens risk management and security for institutional digital asset trading operations.
- Axyon AIminorEmbedded collaboration with Axyon AI for Deep Learning AI anomaly detection. DeFinity provides customers and tokenholders access to premium crypto market anomaly detection scores. Leading European FinTech with expertise in Deep Learning AI for asset management and trading firms.
- Ernst & Young (EY)coreEY FinTech Consultancy partnership. DeFinity joined EY ahead of Series A funding. EY provides fintech advisory services and market development support.
- DMALINKcoreFX Rails partnership. Platform participants can continue to transact fiat FX trades on DMALINK with the digital assets component completed on the DeFinity ECN. DMALINK Jersey Limited operates the DeFinity Markets brand.
- TaloscoreAPI Gateway partnership providing institutional API connectivity infrastructure for digital asset trading operations.
- FireblockscoreCustody integration enabling self-custody options for institutional clients. Fireblocks provides secure API digital asset operations infrastructure for institutions.
Scale indicators7 records
Recent moves3 records
Expansion highlights5 records
DeFinity Markets competitors and assessment
Company assessmentDirect peers
- FalconX: Institutional digital asset trading and credit platform serving hedge funds, asset managers, and corporates. Comparable as a B2B institutional crypto execution venue with credit, trading, and settlement capabilities for professional clients.
- OSL: Regulated institutional digital asset platform licensed in Hong Kong and other jurisdictions. Comparable as a VASP-licensed, institutional-grade digital asset trading, custody, and settlement platform serving financial institutions.
- Hidden Road Partners: Institutional prime brokerage and execution venue spanning digital assets, FX, and derivatives. Comparable as a regulated institutional platform offering integrated FX and digital asset execution for professional counterparties.
- Zodia Markets: Institutional crypto ECN and OTC trading venue backed by Standard Chartered. Comparable as a regulated institutional digital asset execution venue targeting banks, asset managers, and corporates with FX/digital asset integrated offering.
- LMAX Digital: Institutional ECN for digital asset and FX trading, providing matching and settlement infrastructure to professional clients with FIX API. Closest direct peer given shared ECN architecture, institutional focus, FX/digital asset combination, and standardized rulebook approach.
Broad incumbents
- Cumberland (DRW): Institutional crypto market making and trading arm of DRW Trading. Comparable as a large institutional counterparty providing digital asset liquidity and execution services to professional clients globally.
- Bakkt: Institutional digital asset platform offering trading, custody, and services to enterprises and institutions. Comparable as a regulated, enterprise-focused digital asset execution venue with broader product suite than DeFinity.
- Galaxy Digital: Institutional digital asset financial services firm spanning trading, asset management, and infrastructure. Comparable as an institutional-facing platform providing digital asset execution and related services with broader offerings than DeFinity's ECN.
- Coinbase Prime: Institutional arm of Coinbase offering trading, custody, financing, and prime brokerage for digital assets. Comparable as an institutional crypto execution platform, though with a much broader asset coverage and deeper capital base.
Others
- Talos: Institutional digital asset trading technology provider offering order and execution management system infrastructure. Listed as DeFinity's API gateway partner; thematically comparable as institutional crypto execution infrastructure, though Talos provides trading tech rather than operating an ECN.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
DeFinity Markets social profiles
Digital presenceDeFinity Markets compliance and trust
Trust signalCompliance1 record
DeFinity Markets financial estimates
Financial estimateRevenue estimate
Valuation estimate
DeFinity Markets leadership team
Management profileNumber of profiles
Profiles4 records
DeFinity Markets funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DeFinity Markets M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DeFinity Markets
What does DeFinity Markets do?
DeFinity Markets operates an institutional digital asset Electronic Communication Network (ECN) providing trade matching and settlement across digital assets and FX for Professional Clients under MiFID II. The platform offers custody-agnostic post-trade allocation via third-party custodians or Fireblocks self-custody, FIX API connectivity, an integrated fiat on/off-ramp gateway, an embedded AML/KYC compliance framework, and a deep-learning AI-powered anomaly detection service developed with Axyon AI.
Is DeFinity Markets a public or private company?
DeFinity Markets is a private company. It is classified as corporate owned and is currently operating.
When was DeFinity Markets founded?
DeFinity Markets was founded in 2016. It employs 1 to 10 people.
Where is DeFinity Markets based?
DeFinity Markets is headquartered in London, United Kingdom, in the Europe region.
How does DeFinity Markets make money?
Two revenue lines are on record. ECN Trading Fees are the primary driver. The others are platform Services.
Who are DeFinity Markets's main competitors?
Direct peers on record are FalconX, OSL, Hidden Road Partners, Zodia Markets and LMAX Digital. Broad incumbents are Cumberland (DRW), Bakkt, Galaxy Digital and Coinbase Prime. Talos is listed as an others.
Does DeFinity Markets have an API?
Yes. DeFinity offers FIX API access for connecting to back office systems. The FIX protocol enables seamless connectivity for pre and post trade checks. The platform also integrates with Talos as an API gateway partner.
What industry is DeFinity Markets in?
DeFinity Markets's product category is Institutional Digital Asset Trading. Its primary akta.pro industry code is FSAGAMAG, Institutional DeFi & On-Chain Liquidity Infrastructure (Permissioned DeFi, Lending), with a secondary code of FSAPAEAF, Liquidity Provision & Market Making Protocols (AMMs, concentrated liquidity, LP tooling). Its NAICS code is 5231 and its SIC code is 6200.