Monavate Plugs Into LMAX Omnia Exchange for Multi-Asset Settlement

Cambridge-based e-money institution Monavate announced on 5 August 2026 that it has connected its payments platform to Omnia Exchange, the institutional liquidity layer run by London FX and digital asset venue LMAX Group. The tie-up is delivered through a single API and lets Monavate's business clients tap institutional-grade execution across fiat currencies, stablecoins, and crypto assets without needing to stand up their own trading or risk management functions.

Through the Omnia integration, Monavate clients gain access to real-time pricing and execution, can hedge lower-value payment flows without minimum trade size restrictions, and reduce intraday settlement risk. The last capability matters most for payment providers managing mixed fiat and digital asset positions: intraday FX and crypto exposure is usually handled via a banking relationship or prime brokerage, both of which bring cost, credit requirements, and operational complexity. An API into an institutional execution venue streamlines 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, positioned the deal in blunt language:

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.

Monavate was acquired earlier this year by Exodus Movement, the publicly listed digital asset firm trading on NYSE American. The LMAX partnership signals the strategic direction of the combined entity: building infrastructure for businesses that want to issue, move, and settle funds across borders without leaning on legacy correspondent banking rails.

Monavate holds FCA e-money institution status and principal membership with Mastercard, Visa, and Discover. The company has issued over 6.3 million cards and processed more than $13.5 billion in payments to date.

The partnership sits at the centre of a structural shift reshaping the payments wholesale layer. Several well-funded platforms are converging on the same value proposition: a unified settlement layer handling fiat, stablecoin, and tokenised asset flows under one interface, eliminating the need for payment providers to juggle separate banking-as-a-service, crypto custody, and FX hedging relationships.

Circle with its USDC infrastructure, Fireblocks on the custody and settlement front, and B2B payment networks building stablecoin rails are all vying for a slice of the same institutional payment flow.

The regulatory environment in the UK and EU is becoming more structured around exactly this type of infrastructure. The FCA's work on stablecoin payment regulation and the EU's Markets in Crypto-Assets Regulation (MiCA), which is progressively entering force, are establishing clearer operating frameworks for firms bridging traditional payments and digital assets.

Monavate's FCA e-money institution licence and card network principal memberships give it a compliance foundation that purely crypto-native settlement providers cannot yet replicate.

Whether the LMAX integration delivers a material reduction in settlement cost or treasury risk for Monavate clients will be the commercial test. Neither company disclosed benchmarked before-and-after data alongside the announcement.