Participated · Seed · Dec 2023

Nonco builds a 21st-century institutional brokerage combining technology and service with a non-custodial approach that leverages clearing, smart contracts, bilateral settlement and multiple counterparty risk-mitigating mechanisms. Its product suite includes spot, funding, derivatives and structured products, delivered to institutions, corporates and ECPs. Since launching in April, Nonco has executed close to $6 billion in trading volume and reported a 65% average month-over-month growth rate. The firm aims to become a top global digital-asset brokerage and is focused on serving rising institutional demand across the Americas. Nonco spun off from OSL Digital Limited (the Americas division of Hong Kong-based OSL) and OSL retains a minority stake. The leadership team includes former senior executives from OSL, Genesis Global, BTG, Merrill Lynch and RBS, emphasizing crypto and traditional finance experience.