LMAX Group has today (Tuesday) launched Kiosk, a hosted interface that allows brokers and other institutional clients to accept digital assets from their clients, hold them in LMAX Custody and then spread those assets as margin across the group’s wider trading venues.
Singapore Summit: Meet the top APAC brokers you know (and those you don’t know yet!)
The product sits on top LMAX Group Existing regulated infrastructure and delivered as a single broker-branded portal. According to the company, customers can deposit cryptocurrencies into LMAX Custody and instantly use these balances as collateral to trade spot forex, precious metals, digital assets, CFDs, and perpetual futures.
The interface brings together deposits and withdrawals, API credential management, WalletConnect support, security controls and treasury management across assets into a single workflow, the company said.
Gina Wright, Managing Director of Digital Assets at LMAX Group
LMAX has been previewing the show for several months. In a March 2026 thought leadership article, Gina Wright, the group’s managing director for digital assets, described the company as “currently onboarding institutional brokers to a new fully hosted broker-branded interface” with cross-asset collateral functionality.
Tuesday’s announcement formalizes this pipeline as a named product.
Cryptocurrency collateral race picks up across the stack
LMAX is moving into a corner of the market that has become noticeably crowded over the past 12 months, as banks, prime brokers and liquidity providers all try to monetize institutional demand to use digital assets as working capital.
JPMorgan said in October 2025 that It plans to accept Bitcoin and Ether as collateral for the loan
For enterprise customers globally who work through a third party.
StoneX Digital, the institutional cryptocurrency arm of Forex.com parent company, Launched a Bitcoin-backed lending platform For institutional traders in February 2026.
Ripple Prime, the rebranded backdoor, has built cross spreads between digital assets, forex, fixed income and cleared derivatives, with RLUSD increasingly being used as the security asset of choice.
B2PRIME expanded its B2TRADER platform in March 2026 with Spot crypto and perpetual futures alongside forex and CFDsSide margin support in BTC, ETH, and a basket of stablecoins.
The Singapore exchange launched with Marks-cleared perpetual Bitcoin and Ethereum futures in late 2025, targeting accredited and institutional investors with a centrally cleared on-premises alternative to offshore venues.
The LMAX’s pitch varies in one specific way. Where StoneX, JPMorgan and Ripple Prime primarily act as direct counterparties to end-clients, Kiosk is designed to slot into the broker’s front-end and offer LMAX Custody as a back-office.
BlackBull’s endorsement comes with a revelation
Michael Walker, Blackpool Markets Director
The press release accompanying Tuesday’s launch carries a supportive quote from Michael Walker, CEO of BlackBull Markets, who said the Kiosk “is an important step forward in helping brokers safely and efficiently integrate digital assets into their infrastructure.”
This support is not an arm’s length away. LMAX will acquire a roughly 20.8% stake in the New Zealand-headquartered multi-asset brokerage in 2024 as part of a partnership that the two companies said will improve execution quality and expand BlackBull’s crypto capabilities through LMAX’s institutional digital asset infrastructure.
BlackBull is currently running IPO campaign Targeting dual listing on ASX and NZX, with Black Bull Markets Providing a monthly trading volume to clients of approximately $200 billion to investors. LMAX is one of the company’s three largest shareholders along with the founders and Milford’s Private Equity Fund III.
The building block of cross-asset payment in LMAX
The Kiosk is the latest piece in LMAX’s multi-year build that aims to sit in the middle of the traditional finance and cryptocurrency stack. Group Institutional perpetual futures on BTC/USD and ETH/USD launched in September 2025 With leverage of up to 100x, it then merged the offering with Gold-i in December to expand the reach of the broker.
In March 2025, it added LMAX Ripple RLUSD stablecoin to LMAX Digital, and the stablecoin has since been used as a primary collateral asset for cross-margin across spot cryptocurrencies, forex, gold, perpetual futures and CFDs.
Kiosk extends this logic to include customer-owned digital assets more broadly, putting a bundled interface around what was previously an ad hoc onboarding process.
“The kiosk represents an important step forward,” Wright said in the launch statement, positioning the product as a way to “provide greater market access to trusted, institutional-level solutions that bridge traditional and digital capital markets.”
LMAX did not reveal the number of organizations that had committed to the product at launch, nor any pricing details.
LMAX Group has today (Tuesday) launched Kiosk, a hosted interface that allows brokers and other institutional clients to accept digital assets from their clients, hold them in LMAX Custody and then spread those assets as margin across the group’s wider trading venues.
Singapore Summit: Meet the top APAC brokers you know (and those you don’t know yet!)
The product sits on top LMAX Group Existing regulated infrastructure and delivered as a single broker-branded portal. According to the company, customers can deposit cryptocurrencies into LMAX Custody and instantly use these balances as collateral to trade spot forex, precious metals, digital assets, CFDs, and perpetual futures.
The interface brings together deposits and withdrawals, API credential management, WalletConnect support, security controls and treasury management across assets into a single workflow, the company said.
Gina Wright, Managing Director of Digital Assets at LMAX Group
LMAX has been previewing the show for several months. In a March 2026 thought leadership article, Gina Wright, the group’s managing director for digital assets, described the company as “currently onboarding institutional brokers to a new fully hosted broker-branded interface” with cross-asset collateral functionality.
Tuesday’s announcement formalizes this pipeline as a named product.
Cryptocurrency collateral race picks up across the stack
LMAX is moving into a corner of the market that has become noticeably crowded over the past 12 months, as banks, prime brokers and liquidity providers all try to monetize institutional demand to use digital assets as working capital.
JPMorgan said in October 2025 that It plans to accept Bitcoin and Ether as collateral for the loan
For enterprise customers globally who work through a third party.
StoneX Digital, the institutional cryptocurrency arm of Forex.com parent company, Launched a Bitcoin-backed lending platform For institutional traders in February 2026.
Ripple Prime, the rebranded backdoor, has built cross spreads between digital assets, forex, fixed income and cleared derivatives, with RLUSD increasingly being used as the security asset of choice.
B2PRIME expanded its B2TRADER platform in March 2026 with Spot crypto and perpetual futures alongside forex and CFDsSide margin support in BTC, ETH, and a basket of stablecoins.
The Singapore exchange launched with Marks-cleared perpetual Bitcoin and Ethereum futures in late 2025, targeting accredited and institutional investors with a centrally cleared on-premises alternative to offshore venues.
The LMAX’s pitch varies in one specific way. Where StoneX, JPMorgan and Ripple Prime primarily act as direct counterparties to end-clients, Kiosk is designed to slot into the broker’s front-end and offer LMAX Custody as a back-office.
BlackBull’s endorsement comes with a revelation
Michael Walker, Blackpool Markets Director
The press release accompanying Tuesday’s launch carries a supportive quote from Michael Walker, CEO of BlackBull Markets, who said the Kiosk “is an important step forward in helping brokers safely and efficiently integrate digital assets into their infrastructure.”
This support is not an arm’s length away. LMAX will acquire a roughly 20.8% stake in the New Zealand-headquartered multi-asset brokerage in 2024 as part of a partnership that the two companies said will improve execution quality and expand BlackBull’s crypto capabilities through LMAX’s institutional digital asset infrastructure.
BlackBull is currently running IPO campaign Targeting dual listing on ASX and NZX, with Black Bull Markets Providing a monthly trading volume to clients of approximately $200 billion to investors. LMAX is one of the company’s three largest shareholders along with the founders and Milford’s Private Equity Fund III.
The building block of cross-asset payment in LMAX
The Kiosk is the latest piece in LMAX’s multi-year build that aims to sit in the middle of the traditional finance and cryptocurrency stack. Group Institutional perpetual futures on BTC/USD and ETH/USD launched in September 2025 With leverage of up to 100x, it then merged the offering with Gold-i in December to expand the reach of the broker.
In March 2025, it added LMAX Ripple RLUSD stablecoin to LMAX Digital, and the stablecoin has since been used as a primary collateral asset for cross-margin across spot cryptocurrencies, forex, gold, perpetual futures and CFDs.
Kiosk extends this logic to include customer-owned digital assets more broadly, putting a bundled interface around what was previously an ad hoc onboarding process.
“The kiosk represents an important step forward,” Wright said in the launch statement, positioning the product as a way to “provide greater market access to trusted, institutional-level solutions that bridge traditional and digital capital markets.”
LMAX did not reveal the number of organizations that had committed to the product at launch, nor any pricing details.
