LMAX launches Kiosk to let institutions use crypto as collateral

LMAX Group has launched Kiosk, a fully hosted interface that lets institutional clients deposit digital assets into LMAX Custody and use those holdings immediately as collateral across spot foreign exchange, precious metals, digital assets, contracts for difference and perpetual futures on its marketplace.

The portal links custody balances directly to LMAX’s execution and margining systems so assets can back trading without separate custodial pipelines or manual reconciliation, LMAX said.

Kiosk centralizes deposit and withdrawal functions, API credential management, WalletConnect integration, security controls and treasury management in a single interface, the company added. LMAX intends the interface to reduce operational complexity and shorten the time between asset receipt and collateral availability.

Institutions can accept, custody, allocate and deploy digital assets as cross-asset collateral from one front end. Firms can make deposits directly into LMAX Custody and have those assets available to support trading on the LMAX marketplace.

LMAX described Kiosk as a way for clients to access liquidity across its cross-asset market while retaining custody and compliance controls. The company said the tool is designed to help institutions allocate capital more efficiently and broaden the digital asset products they offer to customers.

David Mercer, LMAX Group chief executive, commented: “Hyper-efficient collateral will be the foundation of modern, converged capital markets. Kiosk brings that fluidity and speed of collateral transition to clients today. It combines secure custody, seamless connectivity and instant collateral access, providing clients with an efficient, compliant way to integrate digital assets into their core trading infrastructure.”

LMAX is a global cross-asset marketplace known for FX and digital asset trading and custody services. Kiosk extends the firm’s custody offering by providing a hosted front end that connects custody balances to execution and margining systems, allowing institutions to use stored digital assets as working collateral without additional operational layers.