LMAX Group announced Tuesday the launch of Omnia Exchange, a new platform it said is designed to bridge foreign exchange, cryptocurrency, and digital asset trading with optional blockchain settlement.
The exchange is positioned as a wholesale infrastructure layer, providing a single API for institutions to convert assets across those markets in real time, according to a statement. Omnia is built on LMAX Group’s existing exchange technology and liquidity pools.
LMAX said the platform allows users to trade any asset directly against another 24 hours a day and to settle transactions either on traditional financial rails or on a blockchain. It is aimed at payment firms, wealth managers, custodians, and similar institutions seeking to move value across borders and asset classes.
“Omnia Exchange is the foundation for a new paradigm in capital markets delivering the ability for institutions to exchange any asset, anytime, anywhere,” LMAX Group CEO David Mercer said in the statement. “By opening access to wholesale FX and digital asset markets globally, we’re removing barriers, reducing friction and unlocking liquidity. Institutions can exchange value as simply as sending a message, creating hyper-efficient capital. It’s a significant addition to the ecosystem and crosses the rubicon between traditional markets and digital marketplaces.”
LMAX Group operates multiple institutional venues, including LMAX Exchange, an FCA-regulated MTF and MAS-regulated RMO, and LMAX Digital, a GFSC-regulated execution venue and custodian. LMAX says it maintains matching engines in London, New York, Tokyo, and Singapore, serving clients in over 100 countries.
The Omnia launch follows a strategic partnership formed with Ripple last month. Under that multi-year agreement, Ripple committed $150 million in financing to LMAX Group. LMAX is integrating Ripple’s RLUSD stablecoin as a core collateral asset for margin and settlement across its spot crypto, derivatives, and fiat trading venues.
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