Monavate was acquired earlier this year by Exodus Movement, the publicly listed digital asset firm trading on NYSE American, and the LMAX partnership reflects the direction of travel for the combined entity: providing the infrastructure plumbing for businesses that want to issue, move and settle money across borders without relying on legacy correspondent banking rails.

The practical capability the partnership adds is notable. Through Omnia, Monavate clients can access real-time pricing and execution, hedge lower-value payment flows without being subject to minimum trade sizes, and reduce intraday settlement risk. That last point matters most for payment providers running mixed fiat and digital asset books: intraday FX and crypto exposure is typically managed through either a banking relationship or a prime brokerage, both of which carry cost, credit requirements and operational overhead. An API layer into an institutional execution venue simplifies that stack.

Oscar Vickerman, head of strategic distribution at LMAX Group, said: “As businesses increasingly look to digital assets as part of payment and settlement workflows, access to deep liquidity, reliable execution and scalable infrastructure becomes increasingly important.”

Michael Rolph, chief executive of Monavate, framed the deal in direct terms: “Payments are moving onchain, and the businesses that win will be the ones that can issue, move and settle money anywhere without touching legacy systems.”

The partnership sits in the middle of a structural shift that is reshaping the payments wholesale layer. Several well-capitalised platforms are converging on the same proposition: a unified settlement layer that handles fiat, stablecoin and tokenised asset flows under a single interface, removing the need for payment providers to maintain separate banking-as-a-service, crypto custody and FX hedging relationships.

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