Omniex

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Omniex Holdings, Inc.
Omniex.jpg
Founded 2017
Headquarters Palo Alto, CA
Key People Hu Liang, Kamal Mokeddem, John Burnett
Employees 5-10
Products Omniex institutional trading platform
Twitter @OmniexInc
LinkedIn Profile
Website https://omniex.io/

Omniex Holdings, Inc. is a fintech company that develops software for institutional trading, specializing in digital assets, specifically cryptocurrency.[1]

Background

Omniex was founded in 2017 by Hu Liang, former SVP of State Street Bank and founder of its Emerging Technologies Center, and John Burnett, former managing director at State Street Bank within the Emerging Technologies Center. They were later joined by Kamal Mokeddem, former head of quantitative trading and research for Crabel Capital Management, who currently works as the company's head of technology. Mokeddem was an early investor for both bitcoin and ethereum.[2][3]

The California-based company raised $5 million in seed funding.[4] Its early investors include Wicklow Capital, Sierra Ventures, and the Digital Currency Group.[5]

Overview

Omniex was created in order to fill the need for a more extensive market infrastructure for trading cryptocurrency assets. The founders of Omniex believe this need exists because the crypto ecosystem is currently based on a scattered collection of exchanges and OTC markets, making it highly difficult for institutional investors to enter the space.[6][7]

The creators of Omniex hope to create an infrastructure platform to pool of the available liquidity on crypto asset exchanges by connecting them through the Omniex platform, which can be accessed through a common Web browser. The company also aims to design the hardware and software that will be necessary to integrate with the existing systems used by investment institutions. Their target customers include traditional asset management firms and other institutional investors.[8]

According to the company's co-founder Hu Liang, many institutions have transitioned from wanting to utilize blockchain technology to increase the transparency of their business, or save money by adopting technology that allows them to cut out overhead costs, to seeking to capitalize off of crypto assets themselves.[9]

References