LMAX Group has launched Omnia Exchange, a cross-asset trading platform that allows institutional users to convert between foreign exchange, cryptocurrencies and stablecoins in real time through a single API.
The platform, announced today, combines blockchain-based order entry with centralised exchange execution to offer 24/7 trading across asset classes that have typically traded on separate systems with different hours, settlement cycles and liquidity pools.
“Omnia Exchange is the foundation for a new paradigm in capital markets delivering the ability for institutions to exchange any asset, anytime, anywhere,” said David Mercer, CEO of LMAX Group. “Institutions can exchange value as simply as sending a message, creating hyper-efficient capital.”
Omnia draws on LMAX Group’s existing matching engines in London, New York, Tokyo and Singapore. Users can trade any asset directly against any other, without intermediate conversions, and choose between two settlement paths: traditional banking rails or instant on-chain delivery via blockchain networks.
The platform is accessible through a unified API covering all supported asset classes, including bitcoin, ethereum, Ripple’s RLUSD stablecoin and fiat currencies.
Ripple partnership underpins the launch
The new exchange is backed by a multi-year strategic partnership with Ripple, which provided $150 million in financing to support LMAX Group’s cross-asset expansion. As part of the deal, LMAX is integrating Ripple’s RLUSD stablecoin as a core collateral asset for margin and settlement across its trading venues.
LMAX reported approximately $8.2 trillion in institutional crypto trading volume in the year prior to launch.
Omnia is aimed at payment providers, wealth managers, custodians, mobile networks and social platforms. LMAX says that by embedding institutional-grade liquidity and instant settlement directly into their systems, these businesses can reduce the cost and complexity of cross-border value transfers.
Mercer described the launch as crossing “the rubicon between traditional markets and digital marketplaces.”
LMAX Group operates several regulated venues, including LMAX Exchange (regulated by the FCA and MAS) and LMAX Digital (regulated by the GFSC), and serves clients in over 100 countries.
