Nonco

Nonco

Institutional crypto and stablecoin liquidity, execution, lending, derivatives, and onchain FX.

Institutional crypto and stablecoin liquidity, execution, lending, derivatives, and onchain FX.

Nonco is a global principal-risk digital-asset liquidity provider serving institutional and enterprise counterparties through market making, algorithmic execution, OTC liquidity, lending, derivatives, index pricing, stablecoin liquidity, DeFi pools, onchain FX, and issuer support.
Min project size
Custom quote required
Employees
11–50
Locations
United States / United Kingdom / Mexico / Brazil
Year founded
Founded 2023
Estimated Business Mix by Industry

Estimated regulated-industry mix

100%
Total
  • Crypto & Digital Assets100%
Primary focus: Crypto & Digital Assets
Verified in:Crypto & Digital Assets

Nonco is a global principal-risk digital-asset liquidity provider serving institutional and enterprise counterparties through market making, algorithmic execution, OTC liquidity, lending, derivatives, index pricing, stablecoin liquidity, DeFi pools, onchain FX, and issuer support. Its team brings together expertise in Market Making, Algorithmic Execution, OTC Trading, Index Liquidity, Derivatives, and Structured Products to support clients from strategy and setup through implementation and ongoing delivery.

Meet the Team

FM
Fernando Martínez
Chief Executive Officer

Chief executive and founding leader of Nonco, with prior digital-asset market leadership at OSL and experience across institutional trading, liquidity, stablecoins, and financial infrastructure.

JH
Jeffrey Howard
Head of North America and Partner

Jeffrey Howard leads Nonco’s North American business and serves as a partner.

JA
Juliana Araujo
Head of Legal & Risk Brazil

Juliana Araujo leads legal and risk operations for Nonco in Brazil.

Interested in Nonco? Have a question?
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Pricing Snapshot

Starting price
Contact for pricing
Pricing model
Institutional spread / financing terms structure
Pricing details

Pricing for this service isn't published. Please contact Nonco with your specific needs and scope to receive a tailored quote.

Service
Institutional Crypto Market Making
Crypto trading

Principal-risk liquidity provision across centralized and decentralized markets using institutional market-making infrastructure.

  • CEX liquidity
  • DEX liquidity
  • Tighter spreads
  • Market depth
  • 24/7/365 support
Typical timeline: Custom scope
Availability: Custom quote required
Market Making
Algorithmic Execution
OTC Trading
Index Liquidity

Pricing may vary by scope, market, media spend, and third-party costs. Data was sourced from public materials or confirmed by the vendor.

Case Studies

Selected engagements from Nonco
crypto
EDX Markets
EDX Markets Institutional Market-Making Integration
Challenge

EDX sought deeper order books, tighter spreads, and professional-grade execution for institutional digital-asset participants.

Result

EDX stated that Nonco's participation strengthens market depth, execution efficiency, and liquidity for professional participants.

Venue type
Institution-only exchange
Nonco role
Market maker
Core assets
BTC & ETH
Target outcome
Deeper liquidity
crypto
Avalanche
Avalanche FX On-Chain Launch
Challenge

Stablecoin markets lacked institutional foreign-exchange liquidity between dollar and non-dollar stablecoin or local-currency pairs.

Result

The partnership introduced institutional FX liquidity on Avalanche and positioned the protocol for cross-border payments, remittance, trade-finance, and treasury use cases.

Initial pair
USDMXN
Planned pairs
USDBRL & EURUSD
Default network
Avalanche
Counterparties disclosed
350+ at announcement
crypto
Cboe Digital and DV Chain
Cboe Digital First Settlement-Service Trade
Challenge

Institutional OTC digital-asset counterparties needed a workflow designed to reduce bilateral settlement and counterparty risk.

Result

Cboe confirmed that the transaction was the first cleared trade on its Digital Settlement Service.

Milestone
First cleared trade
Counterparties
Nonco & DV Chain
Clearing model
Real time
Risk focus
Settlement risk
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