Omniex Holdings, Inc., today announced the company raised $5 million in a seed round of financing from institutional investors led by Wicklow Capital. Additional investors include Sierra Ventures, Digital Currency Group, Clocktower Technology Ventures, ThirdStream Partners and others. Omniex is tackling the main barrier to entry for institutional crypto-asset investors – lack of market infrastructure.
Since crypto-assets’ ascension from the retail community with the release of the Satoshi Whitepaper on Bitcoin, the institutional market has awakened to the potential of decentralized applications. With total crypto-asset market capitalization shooting past $200 billion in 2017, new and existing institutional investors lack efficient accessibility to the crypto asset market infrastructure. Omniex is building a software infrastructure that integrates front, middle, and back-office services to simplify access and remove fragmentation.
“Institutional crypto-asset investors have higher standards than the general retail market. Our team is applying what we learned from building asset management and high-performance trading platforms for traditional asset classes to crypto. We’re accelerating the institutional adoption of this new asset class.”
Omniex is creating an integrated platform that has a broad array of services covering the entire crypto-asset investment and trading lifecycle. Omniex Portfolio Edge offers a complete portfolio management system (PMS) and order management system (OMS), which enables fund managers to track portfolio positions and valuations from a single interface while analyzing portfolio risk.
At the heart of Omniex’s solution is Omniex Execution Plus, an execution management system (EMS) that connects to multiple liquidity venues for direct market access (DMA) or algorithmic execution to achieve the best execution. Back-office activities become more streamlined via Omniex Settlement Center. All available services can be accessed through a graphical user interface or programmatically through real-time FIX APIs.