Trilateral Agreement with Gold-i Creates Unified Infrastructure for Institutional Crypto Trading Across 200+ Digital Assets
Finery Markets has extended its liquidity partnership with Sage Capital Management, forming a groundbreaking three-way arrangement with connectivity provider Gold-i. This collaboration aims to provide institutional clients with consolidated access to crypto markets through a single API integration, covering over 200 digital assets. The partnership addresses the fragmentation issues that have historically complicated institutional participation in crypto markets.
The arrangement combines Finery’s non-custodial trading platform with Sage Capital’s prime brokerage services and Gold-i’s connectivity infrastructure, streamlining market access for institutional investors.
Three-Layer Structure Consolidates Market Access
The partnership divides responsibilities across three firms:
- Sage Capital Management provides prime brokerage functions, including lending with leverage up to 10x and cross-venue margining capabilities.
- Gold-i handles technical connectivity to Finery’s electronic communication network.
- Finery Markets operates the trading infrastructure that merges quote streams, request-for-quote functionality, and order book execution.
This setup eliminates the need for institutions to negotiate separate agreements with multiple vendors or develop custom integrations for each liquidity source. Clients gain access to real-time pricing and can execute trades through Finery’s platform while leveraging Sage Capital’s balance sheet for margin lending and custody services.
“Through this collaborative effort, we achieve three major goals: improving liquidity access, reducing operational complexity, and adhering to regulatory compliance,” said Konstantin Shulga, CEO of Finery Markets. “Our unified, always-on institutional infrastructure removes the engineering burden from institutions, allowing them to focus entirely on trading strategy and capital efficiency.”
Prime Brokerage Services Target Institutional Demand
Sage Capital’s role is centered on providing services typically associated with traditional prime brokers. The firm offers insured custody arrangements and lending facilities that support leveraged trading strategies across multiple venues. The platform allows hedge funds and proprietary trading desks to margin positions across different exchanges through a single counterparty relationship.
“Institutions need more than access; they need depth, reliability, and safeguards,” said Nathan Sage, CEO and Founder of Sage Capital Management. “Through this partnership, we’re providing Finery Markets clients deep liquidity and competitive spreads across major digital assets plus unique prime broker services, delivered through a regulated gateway with insured custody and balance sheet strength.”
The platform runs 24/7 with millisecond-level execution speeds. Target clients include over-the-counter (OTC) desks, retail brokers seeking crypto exposure, and institutional traders managing multi-asset portfolios.
Finery Markets has been actively expanding its institutional partnerships throughout 2024 and early 2025. Recently, the company partnered with B2BROKER to power OTC operations and teamed up with Zodia Markets—a digital asset broker backed by Standard Chartered Bank—amid expectations that OTC markets could grow more than 60% in 2025.
Gold-i Provides the Technical Bridge
Gold-i’s contribution focuses on connectivity solutions that link institutional systems to Finery’s network. The company provides integration tools allowing clients to connect their existing order management and execution systems to the crypto trading infrastructure without extensive custom development.
“This partnership strengthens Gold-i’s position as a leading provider in the digital asset infrastructure space,” said Tom Higgins, Founder and CEO of Gold-i. “We are delighted to have played a key role in connecting two major players, Finery Markets and Sage Capital Management, to enhance institutional access to cryptos.”
Meeting Growing Institutional Demand for Standardized Crypto Access
The collaboration comes at a time when institutional demand for standardized crypto market access is rapidly growing. Traditional financial firms have faced challenges in adapting existing infrastructure to crypto markets, where liquidity remains dispersed across multiple venues and regulatory frameworks vary by jurisdiction.
Founded in 2019, Finery Markets has built relationships with more than 150 institutional clients across 35 countries. Earlier this year, the company launched specialized infrastructure for stablecoin trading and integrated DeFi yield strategies through Yield.xyz, expanding its service offerings beyond spot trading.
About the Author: Damian Chmiel
Damian’s adventure with financial markets began at the Cracow University of Economics, where he earned his MA in finance and accounting. Starting as a retail trader, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. Since 2016, Damian has been working at Finance Magnates as a business intelligence analyst.
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