Switzerland-based crypto market making firm, Portofino Technologies, has plans to open new offices in New York and Singapore, according to CEO Leonard Lancia. The company is regulated in the U.K., Switzerland, and the British Virgin Islands, and intends to expand its licensing under the EU's MiCA regulation. Portofino has recently made several senior hires, including Dipak Shah as head of over-the-counter trading. The company aims to be a dominant player in electronic market making, OTC trading, and token services. Despite experiencing departures in 2024, the firm raised $50 million in equity funding and was responsible for over $100 billion in trading volume.



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