LMAX debuts Omnia Exchange connecting FX, crypto and blockchain settlement

LMAX Group has introduced Omnia Exchange, a wholesale infrastructure layer designed to bridge foreign exchange, cryptocurrency, and digital asset trading, offering optional blockchain settlement. The platform utilizes a single API, built on LMAX Group’s existing technology and liquidity pools, allowing institutions to trade any asset against another 24/7 and settle transactions via traditional rails or blockchain. CEO David Mercer stated that Omnia removes barriers and unlocks liquidity for institutions like payment firms and wealth managers by enabling value exchange across borders and asset classes as easily as sending a message. This launch follows a recent strategic partnership with Ripple, which includes integrating Ripple's RLUSD stablecoin as core collateral across LMAX Group's trading venues.

(Source：The Block)