S

sFOX

Cryptocurrency trading platform with deep liquidity

Overview

SFOX provides a crypto trading platform with deep liquidity accessed through a single account by aggregating multiple liquidity sources, allowing users to trade across many markets at the best prices. The platform offers secure custody with patented, insured wallet technology, plus compliance controls, and includes algorithmic trading tools and an API for connecting client systems. It differentiates itself by combining liquidity from multiple sources, prioritizing security and regulatory compliance, and serving a broad mix of clients from individual traders to hedge funds and institutions. Its goal is to deliver a reliable, efficient, and compliant trading experience with deep liquidity and flexible technology for professional and institutional traders.

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About sFOX

Simplify's Rating
Why sFOX is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsFintechCrypto & Web3Financial Services

Company Size

51-200

Company Stage

Series A

Total Funding

$23M

Headquarters

San Francisco, CA

Founded

2014

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Simplify's take

What believers are saying

  • sFOX said dark-pool volume hit 15% of monthly flow by June 2026.
  • The redesigned unified platform launched in July 2026 across trading, custody, liquidity, and compliance.
  • Javier Martinez became CEO in March 2026, sharpening sFOX's institutional focus.

What critics are saying

  • The IRS subpoena targeting M.Y. Safra Bank exposes sFOX customer records and tax-enforcement scrutiny.
  • A single banking partner rupture cripples fiat rails and custody settlement immediately.
  • Crypto execution remains a fee-compression race against Coinbase, FalconX, and Hidden Road.

What makes sFOX unique

  • SFOX connects 40+ exchanges and OTC desks into one institutional master order book.
  • Laser Digital and sFOX launched joint institutional liquidity on 2026-07-30.
  • SAFE Trust Co. gives sFOX regulated custody with Wyoming Division of Banking oversight.

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Funding

Total Funding

$23M

Meets

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
$15M
$22.7M
$30M

Benefits

  • Remote Work Options

Growth & Insights and Company News

6 month growth

-3%

1 year growth

1%

2 year growth

-5%
CRYPTOMERIA LABS PTE. LTD.
Nov 19th, 2025
sFOX And Nomura's Laser Digital Partner To Expand Institutional Crypto Market Access

sFOX and Nomura's Laser Digital partner to expand institutional crypto market access. sFOX and Nomura's Laser Digital have launched a joint liquidity offering to provide deeper market access, improved execution, and an infrastructure for institutional digital asset trading. Provider of cryptocurrency and stablecoin infrastructure for businesses, sFOX and Laser Digital, the digital assets division of Nomura Group, have announced the launch of a joint institutional liquidity offering. The partnership brings together two established organizations focused on delivering institutional-level access, advanced execution capabilities, and resilient infrastructure in digital asset markets. The collaboration is designed to provide institutional clients with deeper aggregated liquidity by integrating sFOX's master order books with Laser Digital's market-making expertise and credit capacity, aiming to enhance market depth and tighten spreads. Execution quality is improved through optimized handling of block trades and derivative or structured transactions, leveraging diversified sourcing and sophisticated routing strategies. Both firms maintain high standards of regulatory compliance across multiple jurisdictions, offering clients a framework of institutional-grade risk assurance. Additionally, operational efficiency is strengthened by providing access to products and services through consolidated channels, reducing friction in settlement, custody, and trading support. Akbar Thobani, CEO of sFOX, stated that the partnership with Laser Digital aims to provide institutional clients with improved liquidity and execution capabilities. He emphasized that the collaboration reflects a commitment to offering extensive market access and deep order books, alongside the confidence, trust, and regulatory framework necessary for large-scale cryptocurrency trading. Cameron Dickie, Head of Distribution in the Trading Division at Laser Digital, noted that the collaboration combines the firm's traditional finance expertise, risk management practices, and market-making capabilities with sFOX's liquidity network and execution technology. He highlighted that institutional engagement in digital assets requires both reliable performance and trust, which the partnership seeks to deliver. Delivering institutional-grade infrastructure and liquidity solutions for global digital asset markets. sFOX provides infrastructure designed to make digital assets accessible, efficient, and reliable for institutions and businesses globally. The platform consolidates liquidity from over 40 leading exchanges and OTCs across more than 150 markets, offering a master order book that facilitates improved pricing, reduced slippage, and expanded execution options. Recognized as a comprehensive cryptocurrency and stablecoin platform for institutional investors and businesses, sFOX delivers institutional-grade liquidity, security, and scalability, enabling firms to trade, settle, and leverage digital asset capabilities with confidence. Laser Digital, a wholly owned subsidiary of Nomura, focuses on connecting traditional finance with digital assets. The firm offers trading, market-making, cross-asset liquidity solutions, treasury and asset management, as well as venture and strategic investment services. Its trading operations feature quantitative-driven liquidity provision, market-making, token strategies, and the provision of live, executable two-way price streams in cash and derivatives for cryptocurrency and FX, all supported by rigorous risk management. Laser Digital has obtained the necessary regulatory licenses from Dubai's VARA and Abu Dhabi's ADGM.

WebWire
Jan 29th, 2024
sFox Leading Digital Asset Prime Broker Launches 'sFOX Connect' End-To-End Crypto Service Provider

sFOX, the leading digital asset prime broker and qualified custodian, proudly announces the launch of its latest 2024-era crypto integration solution, 'Connect,' touted as the most efficient way to integrate end-to-end crypto capabilities into an existing financial services businesses.

PYMNTS
Sep 26th, 2022
Report: Irs ‘Steps Up’ Work To Find Crypto Tax Evaders

The Internal Revenue Service (IRS) has reportedly “stepped up” its pursuit of taxpayers who haven’t reported and paid taxes on cryptocurrency transactions by getting a court order to gain access to a bank’s data relating to customers who used a digital currency broker. The court order requires M.Y. Safra Bank to turn over data for sFOX, a digital broker that used the bank, CNBC reported Monday (Sept. 26)

Cointelegraph
Feb 21st, 2020
Ravencoin Community Clash Over Mining Algorithm Continues

Despite hard forking five months ago to resist ASICs, the Ravencoin community has found consensus surrounding its next algorithm.

Cointelegraph
Feb 8th, 2020
Truth About Crypto Price Correlation: How Closely Does ETH Follow BTC?

While it’s commonly believed that the price of ETH follows Bitcoin, research shows that ETH is an independent asset.

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