According to Huoxing Finance, institutional trading platform LMAX is collaborating with advisors Morgan Stanley and KBW, the investment banking arm of Stifel, to evaluate strategic alternatives. Sources familiar with the matter say potential options include a possible sale, a SPAC merger, or an IPO. Based in London, LMAX recently launched a 24/7 multi-asset exchange and secured a $150 million strategic investment from Ripple, tied to institutional adoption of stablecoins.
LMAX Considers Strategic Options Including Sale, SPAC Merger, or IPO
MarsBitShare
Summary
LMAX is evaluating strategic options, including a sale, SPAC merger, or IPO, with Morgan Stanley and KBW providing advisory services. The London-based firm recently launched a 24/7 multi-asset exchange and secured a $150 million investment from Ripple. Institutional adoption of stablecoins is a key focus for the platform. Digital asset news underscores rising interest in institutional-grade trading solutions.
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