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Omniex is a technology company.
Omniex provides an institutional operating platform tailored for digital assets, offering a comprehensive solution that integrates front, middle, and back-office services. This robust software infrastructure streamlines the complexities of managing, trading, and accessing crypto-assets, effectively addressing fragmentation within the nascent institutional digital asset ecosystem. The platform encompasses a range of functionalities designed to support sophisticated investment managers and active traders in the crypto space.
The company was co-founded in 2017 by John Burnett, Kamal Mokeddem, and Hu Liang. Their combined insight recognized the significant hurdles institutions faced in securely and efficiently engaging with cryptocurrencies, leading them to develop an integrated solution that could bridge traditional finance with the emerging digital asset class. The founders aimed to build the necessary technological backbone to facilitate broader institutional participation.
Omniex primarily serves investment managers and sophisticated financial institutions seeking to trade and manage crypto-assets. Its long-term vision is to empower the widespread institutional adoption of crypto and blockchain technologies by providing a reliable and compliant foundation. The company aims to simplify access and enhance operational efficiency for entities navigating the evolving landscape of digital asset investments.
Omniex has raised $8.0M across 2 funding rounds.
Omniex has raised $8.0M in total across 2 funding rounds.
Omniex has raised $8.0M in total across 2 funding rounds.
Omniex's investors include B Capital Group, Dell Technologies Capital, Sierra Ventures, Walden International, Wicklow Capital, Clocktower Technology Ventures, Digital Currency Group, ThirdStream Partners.
Omniex was a technology company that built an end-to-end institutional trading platform for digital assets, offering portfolio and order management, risk and data analytics, connectivity to major exchanges like Binance, BitMEX, and Coinbase Pro, and trade execution solutions.[1][2][3] It primarily served institutional investors, asset managers, hedge funds, broker-dealers, and digital custodians, solving key challenges in crypto markets such as fragmented liquidity, technology integration with legacy systems, and secure access to aggregated exchange pools.[1][2][3] Founded in 2017 and headquartered in Palo Alto/San Francisco, California, Omniex raised $20.17M before being acquired by Gemini in January 2022, after which its technology powered Gemini Prime, a crypto prime brokerage for institutions.[1][4]
The platform enabled a single point of access to multiple exchanges and OTC liquidity, sophisticated algorithms for best execution, and full API connectivity, streamlining crypto trading for users who couldn't otherwise afford institutional-grade tools.[1][4]
Omniex was founded in 2017 by Hu Liang (CEO, former SVP at State Street Bank overseeing its Emerging Technologies Center focused on crypto/blockchain and APAC FX platforms), John Burnett (Head of BD and Strategy, former Managing Director at State Street leading global crypto efforts), and Kamal Mokeddem (CTO, former head of quantitative trading at Crabel Capital and early Bitcoin/Ethereum investor).[2][4] The idea emerged from the founders' experience bridging traditional finance with emerging blockchain tech at State Street, aiming to create an infrastructure platform pooling liquidity across crypto exchanges via a web-based interface integrable with institutional systems.[2]
Early traction included a 2018 partnership with Gemini and a 2019 integration with IPC's Connexus Cloud for enhanced connectivity; the company launched in August 2017 targeting traditional asset managers entering crypto.[1][2] By 2022, Gemini acquired Omniex to bolster its institutional offerings, with the team joining to expand Gemini Prime.[4][5]
Omniex rode the 2017 crypto boom's institutional adoption wave, addressing liquidity fragmentation as Bitcoin/Ethereum gained legitimacy among hedge funds and banks amid rising demand for regulated digital asset tools.[1][2][4] Timing was ideal post-ICO hype, when institutions sought infrastructure to trade without direct exchange exposure, amid market forces like exchange silos and regulatory scrutiny favoring prime brokerage models.[3][4]
It influenced the ecosystem by pioneering aggregated trading tech, paving the way for services like Gemini Prime, which simplified multi-venue access and boosted institutional inflows; competitors like sFOX and Fordefi followed similar institutional custody/trading paths.[1][4]
Post-2022 acquisition, Omniex's technology endures within Gemini Prime, likely evolving with trends like tokenized real-world assets, AI-driven execution, and clearer U.S. crypto regulations to capture growing institutional allocations (projected to hit trillions by 2030).[4][5] Gemini's custody strength positions it to expand globally amid ETF approvals and Web3 scaling.
As an early mover in crypto infrastructure, Omniex's legacy underscores how specialized platforms accelerate TradFi's digital asset pivot, with its founders' expertise driving sustained innovation in prime services.[2][4]
Omniex has raised $8.0M across 2 funding rounds. Most recently, it raised $3.0M Series A in September 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2020 | $3.0M Series A | B Capital Group, Dell Technologies Capital, Sierra Ventures, Walden International | |
| Oct 1, 2017 | $5.0M Seed | Wicklow Capital | B Capital Group, Dell Technologies Capital, Sierra Ventures, Walden International, Clocktower Technology Ventures, Digital Currency Group, ThirdStream Partners |