What Does The New Algoz OTC Desk Offer? Quantitative digital asset trading firm Algoz has partnered with Evendough Holdings Ltd. to launch an over-the-counter cryptocurrency trading desk aime
What Does The New Algoz OTC Desk Offer?
Quantitative digital asset trading firm Algoz has partnered with Evendough Holdings Ltd. to launch an over-the-counter cryptocurrency trading desk aimed at corporations, financial institutions, family offices and eligible high-net-worth investors. The service combines
Algoz’s algorithmic liquidity aggregation and execution technology with settlement and custody infrastructure arranged through Evendough. The companies are targeting institutions that want to execute large cryptocurrency transactions away from public exchange order books, where sizable orders can move prices or reveal trading intentions. The desk offers fixed real-time pricing and access to liquidity across Bitcoin, Ether, Solana, XRP, Polkadot, USDT and USDC, together with a range of fiat currencies. Algoz said settlement can be completed on the same business day, depending on the transaction. Retail customers are not accepted. Prospective corporate and high-net-worth clients must complete onboarding procedures covering know-your-customer checks, anti-money laundering controls, sanctions screening and source-of-funds verification before they can trade.
Why Are Algoz And Evendough Using Off-Exchange Settlement?
Large crypto transactions can be difficult to execute through conventional exchange order books without creating slippage, particularly in assets or trading pairs with thinner liquidity. OTC desks instead match or source liquidity privately and provide clients with a quoted price before execution. Algoz said its new service uses dedicated client vaults and MiCA-regulated third-party custody as part of the settlement process. The distinction is important: Evendough itself operates as a Canadian company registered with FINTRAC as a money services business for activities including virtual currency transactions, while the partnership describes the custody component as being provided through regulated third parties. The structure is intended to reduce the amount of time institutional assets are exposed to unsecured trading venues. Trades are settled through an institutional payments network, while dedicated account managers handle pricing and transaction support. “Partnering with Evendough Holdings Ltd. allows us to combine Algoz’s quantitative execution expertise with a robust, MiCA-regulated custody architecture,” said Tal Teperberg, Chief Executive Officer at Algoz. “Institutional clients can now deploy large-scale capital with the speed, discretion, and liquidity they expect, backed by the highest standards of asset protection.”
Investor Takeaway
The launch targets a growing divide in crypto trading between retail exchange execution and institutional workflows built around private pricing, regulated custody and controlled settlement. For Algoz, the commercial opportunity depends on attracting clients that value those safeguards enough to move large trades away from public venues.
Why Is Institutional Crypto Trading Moving Toward OTC?
OTC trading has become an important part of digital asset market infrastructure because institutions often require execution sizes, settlement procedures and compliance controls that differ from standard exchange accounts. A fund or corporate treasury buying a large block of Bitcoin, for example, may want to avoid placing a visible order that moves the market before the transaction is completed. Private execution can also allow counterparties to agree on pricing and settlement terms before assets or cash move. Algoz has operated in digital asset trading since 2017, focusing on liquidity provision, algorithmic market making and institutional execution. The new desk extends that business into a more direct client model, where the company combines liquidity sourcing with account management and settlement support. Evendough, meanwhile, provides the partnership framework around digital asset and payment infrastructure. The company is registered in Canada as a money services business and supports virtual currency activities, including OTC transactions.
What Will Determine Whether The Desk Gains Traction?
The main test will be whether Algoz can win institutional order flow in a crowded OTC market where exchanges, specialist trading firms, market makers and prime brokers already compete for large transactions. Pricing will matter, but institutional clients also assess counterparty exposure, custody arrangements, settlement speed and the ability to move fiat currencies efficiently. Regulatory status has become another part of that calculation as asset managers and corporate clients impose stricter requirements on the firms handling their digital assets. The use of third-party regulated custody could help Algoz separate trading execution from asset safekeeping, reducing the need for clients to leave large balances on an exchange. That model has gained importance after a series of failures across the crypto sector exposed the risks of combining custody, trading and lending within a single counterparty. The Algoz OTC desk is already active and accepting onboarding applications. Its ability to build volume will depend on whether its combination of private execution, multi-asset liquidity and regulated custody infrastructure can attract institutions seeking an alternative to executing large trades directly on crypto exchanges.
