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Finery Markets has launched a new institutional stablecoin trading infrastructure, introducing a private room trading environment designed to address the risks of stablecoin depegs and enhance capital efficiency for market participants.
The British Virgin Islands-based provider of non-custodial crypto ECN and SaaS trading solutions is targeting the growing demand for robust secondary liquidity networks, a critical element for the expansion of stablecoins as a core component of digital financial infrastructure. The rollout is timed to coincide with anticipated regulatory changes, including opportunities that may arise from the enactment of the U.S. GENIUS Act, which is currently under legislative review.
Stablecoin adoption has accelerated rapidly, with their share of crypto transaction volume rising from 23% in 2023 to 62% in the first quarter of 2025, according to Finery Markets data. This surge reflects the broader trend of stablecoins becoming a leading use case for crypto, but it also introduces new risks. As more issuers launch stablecoins across multiple blockchains, fragmentation and the threat of depeg events have increased, raising concerns about potential contagion across the stablecoin ecosystem.
Finery Markets’ new infrastructure enables stablecoin issuers to create secondary liquidity for any asset-to-stablecoin pair via API integration in under 24 hours. The private room trading setup is designed to compartmentalise trading, isolating potential contagion while maintaining access to multiple liquidity providers. This approach aims to significantly reduce the risks associated with depegs and to provide a more resilient environment for institutional participants.
Konstantin Shulga, CEO and co-founder of Finery Markets
“Full adoption takes more than just regulatory clarity and on/off-ramp payment infrastructure. For stablecoins to become a backbone of global financial plumbing, they must also thrive in liquid secondary markets – something the current infrastructure only partially supports. That’s exactly what we’re building – an environment that reflects institutional expectations for trades execution, depth of liquidity, latency, pre- and post-trade services, specifically tuned for a flourishing, fully compliant stablecoins market,” said Konstantin Shulga, CEO and co-founder of Finery Markets.
Key features of the new platform include stablecoin liquidity as a service, with a network spanning more than 150 institutional clients and liquidity providers. Asset-stablecoin pairs can be onboarded within 24 hours via API, without the need for listing or collateral hurdles. The infrastructure supports multi-chain, real-time automated settlements, and offers flexible trade execution through order books, RFQ streams, and bilateral negotiation, all accessible through a single API.
Finery Markets’ network currently connects over 150 institutions across 20 fiat currencies and has processed more than $200 billion in client orders to date. The company is aiming to provide the critical middle-layer infrastructure required for scalable, compliant, and efficient stablecoin operations as regulatory frameworks such as MiCA and the GENIUS Act progress.
Finery Markets, founded in 2019, serves institutional clients in over 35 countries, including payment providers, brokers, OTC desks, hedge funds, and custodians. The company was recognised as one of the top 50 rising stars in the Deloitte Technology Fast 50 competition in 2024.
