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§ Private Profile · Singapore
Digital asset market maker and venture capital firm, providing liquidity, proprietary trading, and investments for institutional clients.
Altonomy has raised $7.0M across 1 funding round.
Key people at Altonomy.
Altonomy was founded in 2018 by Bo Dong (Founder & CEO) and Ricky Li (Co-Founder & Head Of North America).
Altonomy has raised $7.0M in total across 1 funding round.
Altonomy is a cryptocurrency trading, market-making, and asset management firm headquartered in Singapore that provides liquidity provision and over-the-counter transaction services for institutional clients. The company manages over $500 million in digital assets, generates approximately $18.2 million in reported revenue, and operates with a workforce of 101 to 200 employees. The enterprise has secured multiple financing rounds, including a $7 million seed round, a $25 million Series A that valued the business at $400 million in July 2022, and an additional $6 million in January 2024. Altonomy is backed by notable investors such as Polychain Capital and 7 Blocks Capital, and in March 2022, its over-the-counter trading desk was acquired by digital asset platform Amber Group. The firm was founded in 2018 by former Goldman Sachs and Citibank veteran traders Bo Dong and Ricky Li.
Altonomy was founded in 2018 by Bo Dong (Founder & CEO) and Ricky Li (Co-Founder & Head Of North America).
Altonomy has raised $7.0M in total across 1 funding round.
Altonomy's investors include Polychain Capital.
Key people at Altonomy.
Altonomy is a trading, advisory, and asset management firm specializing in cryptocurrency and digital assets, recognized as the first dedicated sell-side trading desk offering institutional-grade liquidity solutions, OTC trading, advisory, and asset management services.[1][2][3] Founded in 2018 and headquartered in Singapore with offices in New York City, Shenzhen, and Malta, it provides liquidity and OTC transaction services for crypto-to-fiat and crypto-to-crypto trades, serving institutional investors, crypto projects, and exchanges.[1][2] The firm raised $7M in seed funding led by Polychain Capital and reported estimated annual revenue of $39.7M with 284 employees, though its OTC desk was acquired by Blockchain.com in 2022, handling over $16B in spot OTC transactions focused on altcoins and Asian markets.[1][3]
Altonomy was founded in 2018 in Singapore by veteran traders Bo Dong (CEO) and Ricky Li (Head of Americas), drawing on decades of experience at institutions like Goldman Sachs, Citibank, Morgan Stanley, PWC, CME Group, and Credit Suisse.[1][2] The idea emerged from the need for specialized sell-side liquidity in the burgeoning crypto market, positioning Altonomy as a pioneer in institutional-grade OTC trading and market-making for altcoins.[1][3] Early traction came via a $7M seed round in 2019 led by Polychain Capital, funding business expansion, followed by the 2022 acquisition of its OTC desk by Blockchain.com to bolster OTC capabilities, Asian presence, and altcoin focus amid growing institutional demand.[1][3]
Altonomy rode the early wave of cryptocurrency institutionalization, addressing liquidity gaps in fragmented altcoin markets during crypto's 2018-2022 boom, when TradFi players sought reliable OTC desks.[1][3] Its timing capitalized on rising demand from family offices and exchanges for sell-side expertise, influencing ecosystem maturity by bridging TradFi practices to crypto trading.[2] Market forces like altcoin proliferation and Asian crypto hubs favored its model, amplifying institutional adoption; the Blockchain.com acquisition underscores its role in consolidating OTC infrastructure amid regulatory shifts and IPO pursuits in crypto.[3]
Post-2022 OTC desk acquisition, Altonomy's legacy endures through integrated operations at Blockchain.com, potentially fueling expanded asset management amid crypto's rebound and ETF approvals. Trends like tokenized assets and AI-driven trading will shape its influence, evolving from standalone desk to embedded institutional liquidity provider. As Blockchain.com eyes IPO, Altonomy's altcoin prowess positions it to capture renewed Asian and institutional flows, solidifying its foundational impact on crypto's sell-side evolution.[3]
Altonomy has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in July 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2019 | $7M Seed | Polychain Capital | — | Announced |
