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StoneX Group has launched StoneX Digital LLC as a subsidiary devoted to providing institutional clients with access to a range of products and services for digital assets.
This marks a significant expansion into the digital asset class by the global financial services firm, which also provides execution, risk management and advisory services, market intelligence, and clearing services across multiple asset classes and markets.
StoneX Digital will offer flexible tools to allow clients to interact with markets on their terms, as well as to trade and custody cryptocurrencies.
It is anticipated that the entity’s roadmap for innovative expansion will include a scope of products and services for multi-asset coverage, staking, margin, and cross-asset lending.
Brian Mulcahy, who currently serves as managing director of multi-asset business development, will lead StoneX Digital.
Mulcahy comments: “We are thrilled that StoneX Digital will give institutional investors the ability to execute and custody cryptocurrencies just as they would any other asset class. As our clients’ needs change in this developing market, StoneX Digital will continue to strive to meet those needs with innovative products and services.
“StoneX has worked hard to create an environment where our clients have stable and reliable access to a wide variety of asset classes. We will bring that same ethos to the digital asset space as we work to provide our customers with the tools they need to thrive in today’s markets.”
