NONCO

Nonco is an institutional digital asset brokerage firm headquartered in Mexico City that provides stablecoin and crypto liquidity solutions to professional investors, crypto native funds, banks, financial institutions, and enterprises. Founded in 2016 and formally launched in 2023, the company derives its name from the word nonconformist, reflecting its aim to establish new standards in digital asset trading through technology and service excellence. Nonco operates across two core verticals: Markets and Stables. The Markets division offers sophisticated electronic trading services for digital assets including Bitcoin and Ethereum through multiple execution channels such as GUI, API, and chat-based platforms, with settlement options including non-custodial bilateral, clearing, and smart contract solutions. The Stables division focuses on stablecoin liquidity, where Nonco has established itself as a market leader in trading volumes. The firm recently launched FX On-Chain, a protocol built on Avalanche C-Chain that automates conversions between local currency-backed stablecoins and USD-backed stablecoins such as USDC and USDT, targeting faster and more cost-effective cross-border payments and remittances. In October 2024, Nonco joined TP ICAP's Fusion Digital Assets platform as a liquidity provider for spot Bitcoin and Ethereum markets. The company is registered as a Money Services Business with FinCEN in the United States, with FINTRAC in Canada, licensed as a Virtual Asset Service Provider in the British Virgin Islands, and registered under Mexico's Vulnerable Activities regime for anti-money laundering compliance. Nonco completed a $10 million seed funding round in December 2023 led by Valor Capital Group and Hack VC, with participation from Morgan Creek Digital, Bullish, CMCC Global, and others. The leadership team includes CEO Fernando Martinez, CTO Caue Teixeira, and other executives with extensive experience in crypto and traditional finance.